Lucas GC Limited (LGCL)

Lucas GC Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	9.78	39.79	77.67	36.14	39.51
Depreciation & Amortization	13.56	8.85	5.01	3.99	1.53
Loss (Gain) From Sale of Assets	-	-0.97	-	-	-
Loss (Gain) From Sale of Investments	-0	-0.02	-	-0.5	-0.13
Provision & Write-off of Bad Debts	1.78	-3.59	11.71	0.09	5.26
Other Operating Activities	0.07	0.3	0.51	0.27	0.29
Change in Accounts Receivable	28.55	-28.56	63.7	-44.92	-22.9
Change in Inventory	7.36	0.81	-125.43	20.55	-59.62
Change in Accounts Payable	-11.27	12.09	-51.77	-16.09	60.13
Change in Unearned Revenue	-13.14	2.36	-11.15	-9.83	34.38
Change in Income Taxes	-0.02	-	-0.01	-0.39	0.45
Change in Other Net Operating Assets	-3.68	-0.69	1.23	-3.82	2.42
Operating Cash Flow	35.46	20.19	-36.41	-15.12	60.63
Operating Cash Flow Growth	75.67%	-	-	-	2393.83%
Capital Expenditures	-83.24	-44.65	-12.1	-13.73	-24.14
Investment in Securities	-21.73	-2.78	0	30.55	-23.71
Other Investing Activities	-2.3	-32.52	-	-	-
Investing Cash Flow	-107.27	-79.95	-12.1	16.82	-47.85
Short-Term Debt Issued	107.01	90.3	63.26	9.09	-
Total Debt Issued	107.01	90.3	63.26	9.09	-
Short-Term Debt Repaid	-77.77	-62.21	-29.8	-3.17	-
Total Debt Repaid	-77.77	-62.21	-29.8	-3.17	-
Net Debt Issued (Repaid)	29.24	28.09	33.46	5.92	-
Issuance of Common Stock	43.64	38.52	-	-	-
Repurchase of Common Stock	-	-0.86	-	-	-
Other Financing Activities	-1.31	-5.01	-4.04	-2.5	26.5
Financing Cash Flow	71.58	60.75	29.42	3.42	26.5
Foreign Exchange Rate Adjustments	-1.13	0.45	-0.01	0.15	-0.08
Net Cash Flow	-1.36	1.44	-19.09	5.27	39.2
Free Cash Flow	-47.78	-24.47	-48.51	-28.85	36.49
Free Cash Flow Margin	-4.58%	-2.30%	-3.29%	-3.76%	5.59%
Free Cash Flow Per Share	-19.83	-12.34	-24.86	-14.78	18.70
Cash Interest Paid	-	1.82	0.92	0.03	-
Cash Income Tax Paid	-	0.17	0.01	0.42	-
Levered Free Cash Flow	-43.19	-34.76	-80.22	-47.17	20.72
Unlevered Free Cash Flow	-42.04	-33.45	-79.66	-47.12	20.72
Change in Working Capital	10.27	-24.17	-131.31	-55.12	14.17

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

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