VCREDIT 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	478.17	453.91	532.47	1,179
Depreciation & Amortization	55.01	49.89	47.94	44.86
Other Amortization	6.72	6.36	5.83	5.47
Loss (Gain) From Sale of Investments	-14.29	0.83	14.82	4.91
Provision for Credit Losses	1,290	918.64	701.43	424.56
Loss (Gain) on Equity Investments	6.82	7.85	-	-0.69
Stock-Based Compensation	0.51	1.64	4.97	33.29
Change in Other Net Operating Assets	-561.9	-3,036	1,212	-3,569
Other Operating Activities	201.9	252.53	523.49	859.34
Operating Cash Flow	1,463	-1,345	3,043	-1,018
Capital Expenditures	-39.48	-20.75	-29.21	-14.94
Sale of Property, Plant & Equipment	0.2	0.67	0.24	0.25
Sale (Purchase) of Intangibles	-1.98	-4.21	-3.68	-10.68
Investment in Securities	87.08	94.64	-143.45	-97.37
Investing Cash Flow	45.83	70.36	-176.11	-122.74
Long-Term Debt Issued	90.1	1,133	168.22	2,363
Long-Term Debt Repaid	-402.57	-119.65	-2,723	-154.18
Net Debt Issued (Repaid)	-312.48	1,014	-2,555	2,209
Repurchase of Common Stock	-	-	-2.79	-19.09
Common Dividends Paid	-45.33	-110.89	-105.2	-40.38
Other Financing Activities	-356.37	-322.23	-514.59	-563.72
Financing Cash Flow	-714.17	580.52	-3,177	1,546
Foreign Exchange Rate Adjustments	1.96	-1.82	-5.14	1.4
Net Cash Flow	796.74	-695.81	-315.6	406.28
Free Cash Flow	1,424	-1,366	3,014	-1,033
Free Cash Flow Margin	52.07%	-48.08%	123.44%	-34.64%
Free Cash Flow Per Share	2.91	-2.79	6.15	-2.10
Cash Interest Paid	357.08	319.87	514.59	563.72
Cash Income Tax Paid	297.24	223.19	166.42	69.59

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