Chang Jia M&E Engineering Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	93.54	119.63	123.2	107.03	53.5	85.79
Depreciation & Amortization	96.95	114.86	110.34	85.97	91.6	74.22
Other Amortization	-	-	-	-	0.23	0.91
Loss (Gain) From Sale of Assets	0.02	0.1	0.03	0	0	0
Provision & Write-off of Bad Debts	-	5.27	26.34	30.9	40.84	0.73
Other Operating Activities	-4.76	8.44	-13.18	11.28	-8.2	-0.09
Change in Accounts Receivable	104.32	269.17	-65.26	46.66	-171.44	-92
Change in Accounts Payable	-113.59	-19.67	-138.67	-86.41	-0.78	-42.2
Change in Unearned Revenue	34.18	-8.76	67.42	2.72	39.59	-19.56
Change in Other Net Operating Assets	50.02	-169.43	164.33	8.29	-36.14	16.84
Operating Cash Flow	260.69	319.6	274.53	206.45	9.19	24.65
Operating Cash Flow Growth	-32.64%	16.41%	32.98%	2145.52%	-62.71%	-90.67%
Capital Expenditures	-0.14	-0.65	-3.36	-2.62	-0.33	-3.94
Sale of Property, Plant & Equipment	-	0.03	-	-	-	-
Sale (Purchase) of Intangibles	-88.98	-80.92	-187.68	-53.25	-61.99	-70.99
Investment in Securities	-40	-6.51	5.62	23.58	20	-
Other Investing Activities	-0.07	-21.72	0.77	1.8	-0.92	0.3
Investing Cash Flow	-129.18	-109.76	-184.66	-30.49	-43.24	-74.63
Short-Term Debt Issued	-	-	45	-	40	99.99
Total Debt Issued	-	-	45	-	40	99.99
Short-Term Debt Repaid	-	-80	-	-105	-	-
Long-Term Debt Repaid	-	-1.75	-1.88	-2.66	-2.18	-1.59
Total Debt Repaid	-1.56	-81.75	-1.88	-107.66	-2.18	-1.59
Net Debt Issued (Repaid)	-1.56	-81.75	43.12	-107.66	37.82	98.4
Common Dividends Paid	-75.68	-79.46	-71.89	-43.52	-63.57	-55.65
Other Financing Activities	-2.38	0.87	-1.54	-0.05	-0.57	-2.3
Financing Cash Flow	-79.62	-160.34	-30.31	-151.22	-26.33	40.46
Foreign Exchange Rate Adjustments	-0.85	0.5	-0.27	0.2	-0.1	0.21
Net Cash Flow	51.04	49.99	59.3	24.94	-60.46	-9.3
Free Cash Flow	260.56	318.95	271.18	203.84	8.87	20.72
Free Cash Flow Growth	-32.14%	17.62%	33.04%	2199.32%	-57.21%	-90.37%
Free Cash Flow Margin	30.30%	25.52%	14.20%	15.04%	0.62%	1.56%
Free Cash Flow Per Share	6.86	8.40	7.14	5.36	0.23	0.54
Cash Interest Paid	0.12	0.3	2.16	1.21	1.19	0.35
Cash Income Tax Paid	29.39	24.96	46.17	15.7	19.68	19.64
Levered Free Cash Flow	118.86	149.16	77.2	121.28	-75.07	-88.76
Unlevered Free Cash Flow	118.9	149.28	78.55	121.97	-74.33	-88.55
Change in Working Capital	74.94	71.31	27.81	-28.74	-168.77	-136.91

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.