VCREDIT Holdings Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	573.81	478.17	453.91	532.47	1,179	-869.58
Depreciation & Amortization	57.58	55.01	49.89	47.94	44.86	61.21
Other Amortization	6.72	6.72	6.36	5.83	5.47	3.73
Loss (Gain) From Sale of Investments	-14.29	-14.29	0.83	14.82	4.91	-0.47
Provision for Credit Losses	1,290	1,290	918.64	701.43	424.56	2,485
Loss (Gain) on Equity Investments	6.82	6.82	7.85	-	-0.69	11.07
Stock-Based Compensation	0.51	0.51	1.64	4.97	33.29	74.72
Change in Other Net Operating Assets	-561.9	-561.9	-3,036	1,212	-3,569	3,148
Other Operating Activities	-2,367	201.9	252.53	523.49	859.34	356.14
Operating Cash Flow	-1,008	1,463	-1,345	3,043	-1,018	5,269
Operating Cash Flow Growth	-	-	-	-	-	1333.34%
Capital Expenditures	-42.03	-39.48	-20.75	-29.21	-14.94	-17.26
Sale of Property, Plant & Equipment	0.25	0.2	0.67	0.24	0.25	0.25
Sale (Purchase) of Intangibles	-1.57	-1.98	-4.21	-3.68	-10.68	-16.93
Investment in Securities	52.91	87.08	94.64	-143.45	-97.37	6.58
Investing Cash Flow	9.56	45.83	70.36	-176.11	-122.74	-27.36
Long-Term Debt Issued	-	90.1	1,133	168.22	2,363	41.71
Long-Term Debt Repaid	-	-402.57	-119.65	-2,723	-154.18	-5,174
Net Debt Issued (Repaid)	1,564	-312.48	1,014	-2,555	2,209	-5,132
Repurchase of Common Stock	-11.93	-	-	-2.79	-19.09	-21.47
Common Dividends Paid	-45.33	-45.33	-110.89	-105.2	-40.38	-
Other Financing Activities	-276.97	-356.37	-322.23	-514.59	-563.72	-759.43
Financing Cash Flow	1,230	-714.17	580.52	-3,177	1,546	-5,913
Foreign Exchange Rate Adjustments	14.31	1.96	-1.82	-5.14	1.4	3.82
Net Cash Flow	245.83	796.74	-695.81	-315.6	406.28	-667.69
Free Cash Flow	-1,050	1,424	-1,366	3,014	-1,033	5,252
Free Cash Flow Growth	-	-	-	-	-	1410.43%
Free Cash Flow Margin	-30.42%	52.07%	-48.08%	123.44%	-34.64%	-
Free Cash Flow Per Share	-2.14	2.91	-2.79	6.15	-2.10	10.68
Cash Interest Paid	276.98	357.08	319.87	514.59	563.72	759.43
Cash Income Tax Paid	335.76	297.24	223.19	166.42	69.59	166.5

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