Vision Synergy Holdings 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	-167.98	-852.22	-489.48	-663.55	-579.75
Depreciation & Amortization	0.66	1.37	3.3	2.39	6.54
Loss (Gain) From Sale of Assets	-	-738.63	-39.26	-249.85	34.15
Asset Writedown & Restructuring Costs	71.86	166.94	146.96	221.84	325.75
Loss (Gain) From Sale of Investments	-	-	-	-	-0.24
Loss (Gain) on Equity Investments	5.87	1.67	-	-	-
Other Operating Activities	82.25	1,366	144.88	451.01	436.3
Change in Accounts Receivable	-47.89	-416.34	8.14	-747.64	-981.94
Change in Inventory	26.71	141.05	281.97	1,508	1,707
Change in Accounts Payable	59.14	450.41	-61.37	958.64	856.51
Change in Unearned Revenue	-26.37	-100.86	-55.96	-1,692	-1,912
Change in Other Net Operating Assets	-	-0.18	-	-	-
Operating Cash Flow	4.25	18.82	-60.82	-211.27	-106.81
Operating Cash Flow Growth	-77.42%	-	-	-	-
Capital Expenditures	-	-	-0.97	-	-
Sale of Property, Plant & Equipment	-	0.07	0.49	0.1	-
Cash Acquisitions	-	0.01	-	-	-
Divestitures	-	-52.99	-0.2	-0.89	641.2
Other Investing Activities	-0.7	0.76	-38.1	193.02	192.3
Investing Cash Flow	-0.7	-52.15	-38.79	192.23	833.5
Long-Term Debt Issued	0.88	1.49	2.69	51.51	41.27
Total Debt Issued	0.88	1.49	2.69	51.51	41.27
Long-Term Debt Repaid	-2.53	-3.68	-14.1	-109.95	-930.96
Total Debt Repaid	-2.53	-3.68	-14.1	-109.95	-930.96
Net Debt Issued (Repaid)	-1.65	-2.19	-11.42	-58.44	-889.69
Other Financing Activities	-0.05	-4.56	-28.06	-16.67	-136.11
Financing Cash Flow	-1.7	-6.75	-39.48	-75.11	-1,026
Foreign Exchange Rate Adjustments	0.04	-0.02	-0.36	0.24	-5.67
Net Cash Flow	1.88	-40.09	-139.44	-93.9	-304.77
Free Cash Flow	4.25	18.82	-61.79	-211.27	-106.81
Free Cash Flow Growth	-77.42%	-	-	-	-
Free Cash Flow Margin	3.49%	18.88%	-24.88%	-11.78%	-4.86%
Free Cash Flow Per Share	0.00	0.01	-0.09	-1.86	-0.94
Cash Interest Paid	0.05	4.57	0.58	16.67	136.11
Cash Income Tax Paid	0.52	-14.66	4.41	30.99	125.14
Levered Free Cash Flow	49.96	1,703	1,257	576.52	525.15
Unlevered Free Cash Flow	61.8	1,837	1,565	662.12	601.48
Change in Working Capital	11.59	74.09	172.78	26.9	-329.57

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