Kanzhun 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	2,735	1,585	1,099	107.25	-1,071
Depreciation & Amortization	695.21	686.48	427.89	287.4	189.44
Loss (Gain) From Sale of Assets	51.15	0.65	0.18	-0.1	0.11
Asset Writedown & Restructuring Costs	119.8	-	-	-	-
Stock-Based Compensation	911.99	1,144	1,057	692.2	417.28
Provision & Write-off of Bad Debts	0.69	0.79	0.09	0.34	-
Other Operating Activities	-124.66	-20.17	-275.06	-43.02	1,502
Change in Accounts Receivable	7.16	-17.49	-7.04	-5.98	6
Change in Inventory	0.65	-3.04	-	-	-
Change in Accounts Payable	-4.74	-28.68	24.74	10.18	13.46
Change in Unearned Revenue	151.12	289.51	733.18	102.32	758.22
Change in Other Net Operating Assets	8.66	-93.91	-13.18	-147.55	-173.79
Operating Cash Flow	4,552	3,542	3,047	1,003	1,641
Operating Cash Flow Growth	28.51%	16.26%	203.78%	-38.89%	314.58%
Capital Expenditures	-119.12	-856.05	-955.51	-340.12	-259.89
Sale of Property, Plant & Equipment	50.6	0.12	6.95	0.32	0.03
Cash Acquisitions	-	-150.22	-0.07	-9.93	-
Investment in Securities	-4,540	-1,011	-8,990	-2,467	-342
Investing Cash Flow	-4,608	-2,017	-9,939	-2,817	-601.86
Issuance of Common Stock	2,350	191.32	217.71	249.66	6,443
Repurchase of Common Stock	-142.8	-1,652	-71.84	-918.89	-11.58
Financing Cash Flow	1,655	-1,461	-417.02	-669.23	6,431
Foreign Exchange Rate Adjustments	-46.84	15.07	29.79	892.84	-127.23
Net Cash Flow	1,552	80.13	-7,279	-1,590	7,344
Free Cash Flow	4,433	2,686	2,091	662.92	1,381
Free Cash Flow Growth	65.02%	28.45%	215.50%	-52.01%	436.09%
Free Cash Flow Margin	53.62%	36.52%	35.14%	14.70%	32.44%
Free Cash Flow Per Share	9.56	5.91	4.63	1.45	5.22
Cash Income Tax Paid	503.95	306.76	133.46	101.29	-
Levered Free Cash Flow	3,391	1,571	2,363	901.96	2,650
Unlevered Free Cash Flow	3,391	1,571	2,363	901.96	2,650
Change in Working Capital	162.85	146.39	737.71	-41.03	603.9

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