Deepexi 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	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-934.56	-1,255	-502.9	-655.23
Depreciation & Amortization	10.42	14.31	17.18	18.73
Loss (Gain) From Sale of Assets	0.01	0.1	-0.01	-0.84
Loss (Gain) From Sale of Investments	-0.04	0.84	-	1.19
Loss (Gain) on Equity Investments	-	2.41	-0.01	-2.67
Stock-Based Compensation	115.26	2.78	92.89	9.76
Provision & Write-off of Bad Debts	-0.17	9.13	5.81	2.16
Other Operating Activities	738.52	1,155	221.18	389.13
Change in Accounts Receivable	-142.94	-111.21	-37.84	-16.94
Change in Inventory	4.79	-3.54	14.75	10.21
Change in Accounts Payable	28.07	53.59	13.11	3.15
Change in Unearned Revenue	2.45	-4.48	-14.72	7.96
Change in Other Net Operating Assets	-20.72	18.13	-4.2	-23.64
Operating Cash Flow	-198.91	-117.68	-194.77	-257.05
Capital Expenditures	-5.12	-1.07	-2.7	-6.28
Sale of Property, Plant & Equipment	-	-	-	0.01
Sale (Purchase) of Intangibles	-0.65	-	-	-
Investment in Securities	0.35	0.16	0.1	1.8
Investing Cash Flow	-5.42	-0.91	-2.6	-4.47
Short-Term Debt Issued	60	-	-	-
Total Debt Issued	60	-	-	-
Long-Term Debt Repaid	-8.5	-10.57	-15.06	-13.62
Net Debt Issued (Repaid)	51.5	-10.57	-15.06	-13.62
Issuance of Common Stock	680.64	0.2	-	112.22
Other Financing Activities	-47.03	-	-	-
Financing Cash Flow	685.12	-10.37	-15.06	98.59
Foreign Exchange Rate Adjustments	-2.76	0.48	0.09	33.34
Net Cash Flow	478.02	-128.48	-212.34	-129.58
Free Cash Flow	-204.03	-118.75	-197.47	-263.33
Free Cash Flow Margin	-49.16%	-48.88%	-153.03%	-262.10%
Free Cash Flow Per Share	-0.70	-0.58	-0.96	-1.30
Cash Income Tax Paid	0.05	-	0.17	-
Levered Free Cash Flow	-4,090	1,068	127.04	-
Unlevered Free Cash Flow	-4,089	1,069	127.54	-
Change in Working Capital	-128.34	-47.51	-28.9	-19.27

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