BaTeLab 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	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	166.6	109.16	95.26	56.97	14
Depreciation & Amortization	8.39	5.54	3.39	2.67	1.34
Other Amortization	0.08	0.05	0.03	0.02	-
Loss (Gain) From Sale of Assets	-	0	-	0.04	-
Loss (Gain) From Sale of Investments	-	-0.24	-1.73	-1.2	-0.42
Stock-Based Compensation	0.17	10	-	-	-
Other Operating Activities	0.08	3.45	2.72	3.71	3.53
Change in Accounts Receivable	17.67	-3.52	-37.87	-8.85	-0.85
Change in Inventory	-97.27	-141.82	-19.84	-12.05	-31.51
Change in Accounts Payable	37.71	151.84	74.7	11.18	1.05
Change in Other Net Operating Assets	-119.87	-104.19	-148.08	-43.69	-28.63
Operating Cash Flow	13.56	30.28	-31.42	8.81	-41.49
Operating Cash Flow Growth	-55.21%	-	-	-	-
Capital Expenditures	-33.92	-43.49	-18.72	-35.92	-5.78
Sale (Purchase) of Intangibles	-0.03	-0.19	-	-0.3	-
Investment in Securities	-30	0.24	1.73	55.25	-53.64
Other Investing Activities	-	1.75	1.51	0.57	10.54
Investing Cash Flow	-63.95	-41.7	-15.48	19.6	-48.89
Short-Term Debt Issued	377.94	171.44	153.75	30.48	20.5
Long-Term Debt Issued	-	-	-	70.5	45
Total Debt Issued	377.94	171.44	153.75	100.98	65.5
Short-Term Debt Repaid	-229.66	-95.41	-88.81	-20	-22.13
Long-Term Debt Repaid	-6.48	-0.81	-0.73	-0.41	-0.58
Total Debt Repaid	-236.14	-96.22	-89.54	-20.41	-22.71
Net Debt Issued (Repaid)	141.8	75.22	64.21	80.57	42.79
Issuance of Common Stock	-	329.66	-	25.2	44.54
Other Financing Activities	-14.24	-4.21	-1.58	-0.83	3.73
Financing Cash Flow	127.56	400.68	62.63	104.94	91.07
Foreign Exchange Rate Adjustments	8.01	-0.92	-	-	-
Net Cash Flow	85.18	388.33	15.73	133.34	0.69
Free Cash Flow	-20.36	-13.22	-50.13	-27.11	-47.28
Free Cash Flow Margin	-3.52%	-2.85%	-14.22%	-12.75%	-53.29%
Free Cash Flow Per Share	-0.34	-0.29	-1.11	-	-
Cash Interest Paid	7.7	4.21	1.58	0.83	1.27
Levered Free Cash Flow	-113.18	-60	-82.4	-59.55	-
Unlevered Free Cash Flow	-108.18	-57.33	-81.37	-57.13	-
Change in Net Working Capital	170.31	95.62	125.81	59.42	-

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