Jiangsu Recbio Technology 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	-562.39	-571.96	-722.7	-657.56
Depreciation & Amortization	78.83	59.91	40.88	22.46
Other Amortization	5.41	4.45	0.38	-
Loss (Gain) From Sale of Assets	-0.06	-6.57	0.09	0.02
Asset Writedown & Restructuring Costs	3.86	-	-	-
Loss (Gain) From Sale of Investments	-0.09	-0.49	-3.56	-11.22
Stock-Based Compensation	33.66	41.89	47.82	137.69
Other Operating Activities	4.13	-39.94	-145.73	54.44
Change in Inventory	-53.87	-45.63	-32.61	-15.79
Change in Accounts Payable	-55.29	52.56	45.7	14.83
Change in Unearned Revenue	-16.91	14.67	28.9	14.12
Change in Other Net Operating Assets	97.91	-146.97	161.28	-31.91
Operating Cash Flow	-464.83	-638.07	-579.54	-472.92
Capital Expenditures	-171.83	-212.04	-296.73	-237.87
Sale of Property, Plant & Equipment	0.59	-	-	-
Sale (Purchase) of Intangibles	-	-12.07	-11.77	-
Investment in Securities	-129.28	187.46	-97.46	285
Other Investing Activities	21.47	46.07	27.53	21.57
Investing Cash Flow	-279.04	9.42	-378.43	68.7
Long-Term Debt Issued	305.24	408.87	183.52	50
Long-Term Debt Repaid	-71.01	-20.77	-10.95	-6.42
Net Debt Issued (Repaid)	234.23	388.1	172.57	43.58
Issuance of Common Stock	-	-	669.71	1,194
Repurchase of Common Stock	-	-100	-	-
Other Financing Activities	-16.18	-12.83	-2.84	-8.18
Financing Cash Flow	218.06	275.28	839.44	1,229
Foreign Exchange Rate Adjustments	9.87	19.26	115.06	-8.49
Net Cash Flow	-515.94	-334.11	-3.47	816.74
Free Cash Flow	-636.66	-850.11	-876.27	-710.79
Free Cash Flow Margin	-2357.56%	-2798.55%	-16455.78%	-11466.17%
Free Cash Flow Per Share	-1.33	-1.77	-1.85	-1.69
Cash Interest Paid	14.68	10.43	1.62	-
Levered Free Cash Flow	-390.32	-637.15	-574.61	-502.59
Unlevered Free Cash Flow	-378.51	-628.67	-572.41	-467.4
Change in Working Capital	-28.16	-125.37	203.27	-18.75

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