Nayuki 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	-917.29	13.22	-469.33	-4,525
Depreciation & Amortization	748.73	716.03	697.95	624.13
Other Amortization	-	-	0.17	0.17
Loss (Gain) From Sale of Assets	40.53	34.92	34.58	20.21
Asset Writedown & Restructuring Costs	106.11	13.3	16.89	6.84
Loss (Gain) From Sale of Investments	197.03	-36.14	2.6	-7.56
Loss (Gain) on Equity Investments	123.59	38.72	1.29	-
Stock-Based Compensation	7.57	9.75	14.48	32.73
Other Operating Activities	3.47	-59.68	55.41	4,413
Change in Accounts Receivable	-67.05	-69.9	34.6	-192.55
Change in Inventory	17.72	-21.67	46.33	-72.59
Change in Accounts Payable	-22.86	148.82	-127.34	67.04
Change in Unearned Revenue	-35.27	40.14	-0.39	139.5
Change in Other Net Operating Assets	-0.66	1	-0.61	-0.38
Operating Cash Flow	201.61	828.49	306.63	506.08
Operating Cash Flow Growth	-75.67%	170.19%	-39.41%	-11.88%
Capital Expenditures	-299.7	-540.92	-448.32	-749.11
Sale of Property, Plant & Equipment	5.1	5.54	4.96	1.34
Divestitures	-0.85	-	-	-
Investment in Securities	624.87	-851.27	-2,145	-37.44
Other Investing Activities	-9.58	53.19	9.13	-9.77
Investing Cash Flow	319.84	-1,333	-2,629	-794.98
Short-Term Debt Issued	50	-	-	0.31
Total Debt Issued	50	-	-	0.31
Short-Term Debt Repaid	-	-	-	-0.47
Long-Term Debt Repaid	-418.25	-451.65	-479.13	-745.61
Total Debt Repaid	-418.25	-451.65	-479.13	-746.07
Net Debt Issued (Repaid)	-368.25	-451.65	-479.13	-745.76
Issuance of Common Stock	3.08	0.29	-	4,700
Repurchase of Common Stock	-22.64	-	-	-
Other Financing Activities	-0.18	5	1.13	-585.28
Financing Cash Flow	-387.98	-446.35	-478	3,892
Foreign Exchange Rate Adjustments	1.31	8.17	135.2	-52.36
Net Cash Flow	134.78	-943.15	-2,665	3,551
Free Cash Flow	-98.1	287.57	-141.69	-243.02
Free Cash Flow Margin	-1.99%	5.57%	-3.30%	-5.66%
Free Cash Flow Per Share	-0.06	0.17	-0.08	-0.18
Cash Interest Paid	0.07	-	-	2.35
Cash Income Tax Paid	0.84	0.66	-0.23	5.32
Levered Free Cash Flow	-8.54	543.22	-187.8	259.85
Unlevered Free Cash Flow	34.5	584.4	-137.6	317.07
Change in Working Capital	-108.11	98.38	-47.41	-58.99

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.