Sigenergy Technology Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	2,919	83.85	-373.45
Depreciation & Amortization	67.06	40.8	18.58
Other Amortization	0.24	0.14	0.09
Loss (Gain) From Sale of Assets	0.02	0.18	0.1
Loss (Gain) From Sale of Investments	81.48	14.35	0.5
Stock-Based Compensation	290.17	59.71	123.95
Other Operating Activities	-50.47	-7.34	0.8
Change in Accounts Receivable	-2,886	-352.19	-20.7
Change in Inventory	-1,656	-287.62	-187.92
Change in Accounts Payable	798.57	283.5	75.59
Change in Unearned Revenue	543.09	77.89	8.71
Change in Other Net Operating Assets	-306.86	-9.08	-15.94
Operating Cash Flow	-199.99	-95.81	-369.71
Capital Expenditures	-352.71	-42.87	-92.16
Sale of Property, Plant & Equipment	5.05	-	-
Sale (Purchase) of Intangibles	-0.4	-0.67	-0.76
Sale (Purchase) of Real Estate	-18.27	-	-
Other Investing Activities	-57.55	1.37	-0.08
Investing Cash Flow	-423.87	-42.17	-93
Long-Term Debt Issued	1,696	335.95	203.32
Long-Term Debt Repaid	-380.33	-171.68	-9.72
Net Debt Issued (Repaid)	1,315	164.26	193.59
Issuance of Common Stock	1.17	172.71	150
Other Financing Activities	-25.15	-9.56	-2.24
Financing Cash Flow	1,291	327.41	341.36
Foreign Exchange Rate Adjustments	17.5	1.55	-
Net Cash Flow	685	190.99	-121.35
Free Cash Flow	-552.7	-138.67	-461.87
Free Cash Flow Margin	-6.14%	-10.43%	-792.20%
Free Cash Flow Per Share	-2.38	-0.75	-2.77
Cash Interest Paid	21.18	8.4	2.24
Cash Income Tax Paid	425.17	10.99	-
Levered Free Cash Flow	-697.35	-166.7	-
Unlevered Free Cash Flow	-682.49	-159.94	-
Change in Working Capital	-3,507	-287.5	-140.28

Source: S&P Capital IQ. Standard template. Financial Sources.