Crealights Technology 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-100.14	-17.9	-108.56
Depreciation & Amortization	30.62	24.4	20.92
Other Amortization	0.1	0.1	0.11
Loss (Gain) From Sale of Assets	0.05	-	-
Asset Writedown & Restructuring Costs	-	-	10.46
Loss (Gain) From Sale of Investments	1.24	1.86	-6.16
Stock-Based Compensation	19.06	9.16	9.44
Other Operating Activities	93.25	51.4	46.98
Change in Accounts Receivable	-166.92	-212.32	-8.94
Change in Inventory	-366.02	-234.11	-107.73
Change in Accounts Payable	134.48	125.56	65.51
Change in Unearned Revenue	-3.21	10.04	-0.69
Change in Other Net Operating Assets	-1.61	-13	-12.37
Operating Cash Flow	-359.1	-254.81	-91.04
Capital Expenditures	-124.11	-98.95	-91.29
Sale (Purchase) of Intangibles	-0.04	-0.1	-
Investment in Securities	9.85	-9.15	-9.3
Other Investing Activities	3.27	1.29	1.79
Investing Cash Flow	-111.03	-106.91	-98.8
Long-Term Debt Issued	878.24	536.74	142.48
Long-Term Debt Repaid	-579.67	-176.99	-67.95
Net Debt Issued (Repaid)	298.57	359.76	74.54
Issuance of Common Stock	460	60	-
Other Financing Activities	-25.19	-8.39	-2.79
Financing Cash Flow	733.38	411.37	71.75
Foreign Exchange Rate Adjustments	-4.17	-7.65	-2.61
Net Cash Flow	259.08	42	-120.71
Free Cash Flow	-483.21	-353.76	-182.33
Free Cash Flow Margin	-39.57%	-41.05%	-103.99%
Free Cash Flow Per Share	-6.68	-5.72	-2.98
Cash Interest Paid	18.25	8.39	2.79
Cash Income Tax Paid	0.16	-	-
Levered Free Cash Flow	-491.02	-368.6	-
Unlevered Free Cash Flow	-479.06	-363.26	-
Change in Working Capital	-403.28	-323.82	-64.21