China Ruyi Holdings Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-190.53	689.76	789.53	1,175
Depreciation & Amortization	48.25	18.39	18.69	18.97
Other Amortization	871.26	1,983	540.72	448.28
Loss (Gain) From Sale of Assets	5.51	-0.02	-4.79	-
Asset Writedown & Restructuring Costs	-13.87	66.62	236.11	5.13
Loss (Gain) From Sale of Investments	156.93	-432.01	24.56	-7.64
Loss (Gain) on Equity Investments	0.22	0.97	1.55	0.34
Stock-Based Compensation	67.27	82.3	91.28	8.6
Provision & Write-off of Bad Debts	134.47	64.7	85.19	23.1
Other Operating Activities	1,245	466.09	-950.64	-564.63
Change in Accounts Receivable	-610.94	-1,545	39.67	-1,349
Change in Inventory	0.03	-1.91	1.27	6.69
Change in Accounts Payable	516.96	-203.05	510.05	-240.32
Change in Unearned Revenue	9.41	2.5	-9.76	-4.71
Change in Other Net Operating Assets	-1,723	-649.15	-1,696	-988.09
Operating Cash Flow	517.1	543.23	-322.56	-1,467
Operating Cash Flow Growth	-4.81%	-	-	-
Capital Expenditures	-17.25	-59.65	-1.67	-2.93
Sale of Property, Plant & Equipment	-	0.44	7.83	-
Cash Acquisitions	-315.89	-	-	89.99
Divestitures	-1.24	-	-	-
Sale (Purchase) of Intangibles	-0.4	-	-	-0.25
Investment in Securities	-626.98	-2,428	-487.58	-192.67
Other Investing Activities	162.46	-50.39	-870.02	-29.12
Investing Cash Flow	-396.48	-3,337	-1,351	-134.98
Long-Term Debt Issued	179.91	24.5	50	1,724
Long-Term Debt Repaid	-329.22	-169.15	-13.35	-19.76
Total Debt Repaid	-329.22	-169.15	-13.35	-19.76
Net Debt Issued (Repaid)	-149.31	-144.65	36.65	1,704
Issuance of Common Stock	2,925	2,314	1,640	-
Other Financing Activities	-	1.47	-	6
Financing Cash Flow	2,776	2,171	1,676	1,710
Foreign Exchange Rate Adjustments	27.15	3.24	48.07	0.77
Net Cash Flow	2,924	-619.82	50.26	108.37
Free Cash Flow	499.85	483.59	-324.23	-1,470
Free Cash Flow Growth	3.36%	-	-	-
Free Cash Flow Margin	13.62%	13.33%	-24.56%	-63.43%
Free Cash Flow Per Share	0.04	0.04	-0.03	-0.14
Cash Interest Paid	17.77	6.86	2	2.01
Cash Income Tax Paid	101.31	4.87	72.8	2.49
Levered Free Cash Flow	889.4	1,672	-253.3	-218.77
Unlevered Free Cash Flow	954.13	1,734	-200.22	-197.17
Change in Working Capital	-1,807	-2,397	-1,155	-2,575

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.