Qunabox Group 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	-1,672	130.94	-116.03	-139.47
Depreciation & Amortization	53.81	58.03	63.28	46.78
Loss (Gain) From Sale of Assets	3.12	2.04	1.35	0.03
Loss (Gain) From Sale of Investments	1,876	24.09	191.47	189.42
Stock-Based Compensation	17.63	14.63	2.75	2.38
Provision & Write-off of Bad Debts	32.79	-1.04	25.64	16.04
Other Operating Activities	26.51	19.09	21.03	-1.17
Change in Accounts Receivable	-48.8	-31.06	-244.36	-134.98
Change in Inventory	13.86	-1.39	-21.06	-12.57
Change in Accounts Payable	23.63	-7.12	-32.34	-11.5
Change in Unearned Revenue	2.3	2.58	-0.53	0.64
Change in Other Net Operating Assets	-155.4	-19.09	-0.13	-24.5
Operating Cash Flow	173.31	191.71	-108.93	-68.89
Operating Cash Flow Growth	-9.60%	-	-	-
Capital Expenditures	-46.18	-35.46	-0.42	-107.59
Sale of Property, Plant & Equipment	0.94	0.2	-	0
Investment in Securities	-249.12	-4	-	10.1
Other Investing Activities	4.58	-	-	0.8
Investing Cash Flow	-289.78	-39.26	-0.42	-96.69
Short-Term Debt Issued	-	-	-	120
Long-Term Debt Issued	519.88	119.94	132.9	173.91
Total Debt Issued	519.88	119.94	132.9	293.91
Short-Term Debt Repaid	-	-	-80	-
Long-Term Debt Repaid	-229.56	-30.29	-187.45	-150.31
Total Debt Repaid	-229.56	-30.29	-267.45	-150.31
Net Debt Issued (Repaid)	290.32	89.65	-134.55	143.6
Issuance of Common Stock	436.45	-	-	-
Repurchase of Common Stock	-	-	-	-27.72
Other Financing Activities	-23.07	-90.43	-3.29	-6.58
Financing Cash Flow	703.7	59.23	4.94	295.15
Foreign Exchange Rate Adjustments	5.74	-	-	-
Net Cash Flow	592.97	211.68	-104.41	129.57
Free Cash Flow	127.12	156.25	-109.35	-176.48
Free Cash Flow Growth	-18.64%	-	-	-
Free Cash Flow Margin	9.49%	15.52%	-19.75%	-35.13%
Free Cash Flow Per Share	0.64	0.62	-1.05	-1.69
Cash Interest Paid	11.93	1.61	3.29	5.6
Cash Income Tax Paid	15.49	15.23	1.67	9.46
Levered Free Cash Flow	118.63	102.62	-213.23	-
Unlevered Free Cash Flow	126.08	103.63	-211.17	-
Change in Net Working Capital	48.01	45.07	329.8	-

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