VCREDIT 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	-559.81	478.17	453.91	532.47	1,179
Depreciation & Amortization	52.93	55.01	49.89	47.94	44.86
Other Amortization	6.57	6.72	6.36	5.83	5.47
Loss (Gain) From Sale of Investments	-12.73	-14.29	0.83	14.82	4.91
Provision for Credit Losses	2,152	1,290	918.64	701.43	424.56
Loss (Gain) on Equity Investments	10.02	6.82	7.85	-	-0.69
Stock-Based Compensation	7.77	0.51	1.64	4.97	33.29
Change in Other Net Operating Assets	991.29	-561.9	-3,036	1,212	-3,569
Other Operating Activities	-77.89	201.9	252.53	523.49	859.34
Operating Cash Flow	2,571	1,463	-1,345	3,043	-1,018
Operating Cash Flow Growth	75.71%	-	-	-	-
Capital Expenditures	-23.91	-39.48	-20.75	-29.21	-14.94
Sale of Property, Plant & Equipment	1.59	0.2	0.67	0.24	0.25
Sale (Purchase) of Intangibles	-9.02	-1.98	-4.21	-3.68	-10.68
Investment in Securities	-25.1	87.08	94.64	-143.45	-97.37
Other Investing Activities	-127.65	-	-	-	-
Investing Cash Flow	-184.09	45.83	70.36	-176.11	-122.74
Long-Term Debt Issued	32.65	90.1	1,133	168.22	2,363
Long-Term Debt Repaid	-2,319	-402.57	-119.65	-2,723	-154.18
Net Debt Issued (Repaid)	-2,286	-312.48	1,014	-2,555	2,209
Repurchase of Common Stock	-13.07	-	-	-2.79	-19.09
Common Dividends Paid	-111.46	-45.33	-110.89	-105.2	-40.38
Other Financing Activities	-284.01	-356.37	-322.23	-514.59	-563.72
Financing Cash Flow	-2,695	-714.17	580.52	-3,177	1,546
Foreign Exchange Rate Adjustments	10.21	1.96	-1.82	-5.14	1.4
Net Cash Flow	-297.61	796.74	-695.81	-315.6	406.28
Free Cash Flow	2,547	1,424	-1,366	3,014	-1,033
Free Cash Flow Growth	78.91%	-	-	-	-
Free Cash Flow Margin	132.78%	52.07%	-48.08%	123.44%	-34.64%
Free Cash Flow Per Share	5.22	2.91	-2.79	6.15	-2.10
Cash Interest Paid	286.86	357.08	319.87	514.59	563.72
Cash Income Tax Paid	255.1	297.24	223.19	166.42	69.59

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