Manycore 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 2020	FY 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	-427.91	-513.47	-646.1	-296.61	-260.56
Depreciation & Amortization	34.99	37.97	47.52	29.69	20.87
Other Amortization	5.54	7.7	9.95	-	-
Loss (Gain) From Sale of Assets	-6.83	-1.01	-0.23	-	-
Asset Writedown & Restructuring Costs	7.46	-	-	-	-
Loss (Gain) From Sale of Investments	3.17	-5.74	-4.77	-0.31	-0.34
Loss (Gain) on Equity Investments	-0.09	0.05	0.2	-	-
Stock-Based Compensation	18.81	37.35	53.36	11.53	38.47
Other Operating Activities	439.55	382.61	333.7	-	-
Change in Accounts Receivable	0.57	-0.96	28.73	-	-
Change in Accounts Payable	-14.08	-24.19	4.39	6.25	4.14
Change in Unearned Revenue	-81.55	-25.45	110.25	71.77	83.71
Change in Income Taxes	-	-	-	5.84	2.29
Change in Other Net Operating Assets	1.15	-3.04	0.44	39.38	22.08
Operating Cash Flow	-19.22	-108.19	-62.57	-132.47	-89.35
Capital Expenditures	-35.3	-30.86	-31.15	-30.8	-23.14
Sale of Property, Plant & Equipment	14.52	0.5	0.32	-	-
Cash Acquisitions	-	-	-	-2.25	-
Sale (Purchase) of Intangibles	-	-	-	-9.03	-5.77
Investment in Securities	-30.62	234	-103.96	-16.26	-10.87
Investing Cash Flow	-51.41	203.63	-134.78	-58.34	-39.78
Short-Term Debt Issued	70	-	10	-	-
Total Debt Issued	70	-	10	-	-
Short-Term Debt Repaid	-70	-	-10	-	-
Long-Term Debt Repaid	-11.09	-16.43	-22.45	-	-
Total Debt Repaid	-81.09	-16.43	-32.45	-	-
Net Debt Issued (Repaid)	-11.09	-16.43	-22.45	-	-
Issuance of Common Stock	-	3	6.82	-	-
Repurchase of Common Stock	-	-	-	-	-7.24
Other Financing Activities	-4.61	-1.93	-1.09	-	-
Financing Cash Flow	-15.69	-15.35	-16.72	555.21	163.18
Foreign Exchange Rate Adjustments	-5.57	2.9	3.32	-21.26	5.07
Net Cash Flow	-91.89	83	-210.75	343.14	39.12
Free Cash Flow	-54.52	-139.05	-93.71	-163.27	-112.49
Free Cash Flow Margin	-6.65%	-18.42%	-14.12%	-46.20%	-39.85%
Free Cash Flow Per Share	-0.12	-0.31	-0.21	-0.39	-0.29
Cash Interest Paid	1.08	1.25	1.09	-	-
Levered Free Cash Flow	358.95	408.28	-	-84.79	-
Unlevered Free Cash Flow	359.62	409.06	-	-84.79	-
Change in Working Capital	-93.92	-53.63	143.8	123.24	112.21

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