High Templar 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	708.63	91.73	39.13	-361.96	589.07
Depreciation & Amortization	66.82	55.47	41.27	64.33	99.47
Loss (Gain) From Sale of Assets	0.98	0.69	2.57	8.23	0.26
Asset Writedown & Restructuring Costs	54.28	1.57	5.8	268.93	156.39
Loss (Gain) From Sale of Investments	-60.66	3.51	0.2	99.65	7.42
Loss (Gain) on Equity Investments	18.94	4.05	-3.21	-14	221.8
Stock-Based Compensation	-	2.26	4.94	24.05	35.34
Provision & Write-off of Bad Debts	-0.28	0.11	0.2	-0.03	-0.09
Other Operating Activities	-138.06	-55.99	-121.49	110.15	43.37
Change in Accounts Receivable	29.2	-8.47	-26.08	72.04	165.07
Change in Other Net Operating Assets	9.16	-203.07	415.77	183.12	-309.71
Operating Cash Flow	687.06	-111	352.02	260.87	922.07
Operating Cash Flow Growth	-	-	34.94%	-71.71%	-62.70%
Capital Expenditures	-116.62	-318	-565.03	-273.63	-478.43
Investment in Securities	395.74	-800.91	3,490	487.19	-1,060
Other Investing Activities	566.32	-1,225	964.57	-902.17	-629.59
Investing Cash Flow	845.44	-2,344	3,895	1,885	-246.58
Short-Term Debt Issued	1,576	720	-	-	-
Long-Term Debt Issued	-	-	-	-	42.9
Total Debt Issued	1,576	720	-	-	42.9
Long-Term Debt Repaid	-720	-	-145.31	-689.12	-119.37
Total Debt Repaid	-720	-	-145.31	-689.12	-119.37
Net Debt Issued (Repaid)	856	720	-145.31	-689.12	-76.47
Issuance of Common Stock	0.1	-	0	0	0
Repurchase of Common Stock	-300.51	-533.16	-420.66	-145.87	-
Other Financing Activities	-	-	-	-	-7.72
Financing Cash Flow	555.59	186.84	-565.97	-834.99	-84.19
Foreign Exchange Rate Adjustments	-76.55	46.24	12.54	18.62	-20.84
Net Cash Flow	2,012	-2,222	3,694	1,329	570.46
Free Cash Flow	570.44	-429	-213.01	-12.76	443.63
Free Cash Flow Growth	-	-	-	-	-80.28%
Free Cash Flow Margin	1392.56%	-198.22%	-168.60%	-2.43%	27.96%
Free Cash Flow Per Share	3.42	-2.29	-0.96	-0.05	1.67
Cash Interest Paid	32.23	-	-	1.71	7.72
Cash Income Tax Paid	5.79	144.22	43.37	59.11	137.55
Levered Free Cash Flow	-593.86	-2,794	909.55	1,833	1,134
Unlevered Free Cash Flow	-593.86	-2,794	909.55	1,833	1,134
Change in Working Capital	38.36	-211.54	387.57	276.01	-19.35

Source: S&P Global Market Intelligence. Standard template. Financial Sources.