Lepu Biopharma 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	-411.38	-22.1	-689.05	-1,011
Depreciation & Amortization	100.03	102.43	95.45	95.25
Other Amortization	0.15	0.15	-	-
Loss (Gain) From Sale of Assets	0.01	-	-0.61	-
Loss (Gain) From Sale of Investments	-	-220.26	-	-5.37
Loss (Gain) on Equity Investments	16.44	27.34	32.23	17.7
Stock-Based Compensation	4.4	18.57	30.42	113.51
Provision & Write-off of Bad Debts	0.2	0.21	-	-
Other Operating Activities	5.73	-168.87	21.97	58.61
Change in Accounts Receivable	-8.22	-38.01	-	-20.37
Change in Inventory	6.63	-5.35	0.12	-4.62
Change in Accounts Payable	28.52	41.48	2.55	134.56
Change in Unearned Revenue	7.11	-	-	-
Change in Other Net Operating Assets	53.99	13.58	25.99	-
Operating Cash Flow	-196.39	-250.84	-480.93	-621.74
Capital Expenditures	-32.92	-28	-110.45	-213.39
Cash Acquisitions	-	-	-10	-100
Sale (Purchase) of Intangibles	-28.83	-13.2	-5	-6.12
Investment in Securities	-	125.14	50.79	315.61
Investing Cash Flow	-61.75	83.94	-74.66	-3.89
Long-Term Debt Issued	584.41	403.55	437.46	146.11
Total Debt Issued	584.41	403.55	437.46	146.11
Long-Term Debt Repaid	-488.63	-383.99	-88.76	-15.82
Total Debt Repaid	-488.63	-383.99	-88.76	-15.82
Net Debt Issued (Repaid)	95.78	19.56	348.7	130.3
Issuance of Common Stock	213.38	-	739.23	261.12
Other Financing Activities	-77.07	-96.26	-55.96	-11.11
Financing Cash Flow	232.08	-76.7	1,032	380.31
Foreign Exchange Rate Adjustments	1.33	0.21	37.86	-2.38
Net Cash Flow	-24.73	-243.38	514.23	-247.7
Free Cash Flow	-229.31	-278.84	-591.38	-835.12
Free Cash Flow Margin	-62.35%	-123.73%	-3797.71%	-
Free Cash Flow Per Share	-0.14	-0.17	-0.36	-0.55
Cash Interest Paid	28.25	29.38	21.39	9.29
Levered Free Cash Flow	-185.08	-227.17	-449.59	-514.38
Unlevered Free Cash Flow	-171.55	-217.99	-444.93	-512.69
Change in Working Capital	88.03	11.7	28.67	109.58

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