Zhejiang Tion Vanly Tech. 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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	200.78	176.73	160.77	126.45	83.3
Depreciation & Amortization	177.27	109.46	115.65	110.57	104.05
Other Amortization	1.36	1.87	1.82	1.75	2.61
Loss (Gain) From Sale of Assets	-0.71	-1.37	-0.07	1.38	-1.38
Asset Writedown & Restructuring Costs	8.15	4.4	11.02	9.5	-0.72
Loss (Gain) From Sale of Investments	0.02	0.07	0.25	0	-
Provision & Write-off of Bad Debts	21.01	0.46	0.36	7.82	7.3
Other Operating Activities	10.13	16.98	22.48	27.35	16.7
Change in Accounts Receivable	-478.9	-100.71	-1.53	-183.93	-158.19
Change in Inventory	-123.77	7.12	20.32	-56.28	-42.45
Change in Accounts Payable	282.23	-1.27	133.54	25.66	69.68
Operating Cash Flow	91.41	209.71	461.74	71.63	82.82
Operating Cash Flow Growth	-56.41%	-54.58%	544.62%	-13.51%	-
Capital Expenditures	-405.42	-263.22	-262.72	-243.68	-152.76
Sale of Property, Plant & Equipment	27.49	3.12	9.89	7.3	6.91
Investment in Securities	-	-	-	-1	-
Investing Cash Flow	-377.93	-260.1	-252.83	-237.39	-145.85
Long-Term Debt Issued	872.45	735.06	722.96	877.45	826.81
Long-Term Debt Repaid	-1,012	-700.19	-856.1	-647.47	-723.33
Net Debt Issued (Repaid)	-139.76	34.88	-133.15	229.98	103.48
Issuance of Common Stock	636.61	-	-	-	-
Common Dividends Paid	-8.12	-15.22	-19.54	-21.92	-53.63
Other Financing Activities	-14.94	3.51	8.36	-55.73	26.31
Financing Cash Flow	473.8	23.16	-144.33	152.33	76.16
Net Cash Flow	187.28	-27.22	64.59	-13.43	13.13
Free Cash Flow	-314.01	-53.5	199.02	-172.05	-69.94
Free Cash Flow Margin	-13.69%	-3.17%	12.89%	-11.64%	-6.92%
Free Cash Flow Per Share	-1.01	-0.21	0.78	-0.68	-0.28
Cash Income Tax Paid	-	77.3	82.81	80.31	43.66
Levered Free Cash Flow	-170.41	-173.17	278.27	-157.53	-
Unlevered Free Cash Flow	-164.55	-162.9	291.27	-143.09	-
Change in Working Capital	-326.59	-98.89	149.46	-213.19	-129.03

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