Jiangsu Recbio Technology Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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	-653.91	-562.39	-571.96	-722.7	-657.56	-179.4
Depreciation & Amortization	102.01	78.83	59.91	40.88	22.46	12.76
Other Amortization	5.41	5.41	4.45	0.38	-	-
Loss (Gain) From Sale of Assets	0.1	-0.06	-6.57	0.09	0.02	0.02
Asset Writedown & Restructuring Costs	-	3.86	-	-	-	-
Loss (Gain) From Sale of Investments	-0.73	-0.09	-0.49	-3.56	-11.22	-5.41
Stock-Based Compensation	31.41	33.66	41.89	47.82	137.69	-
Other Operating Activities	13.83	4.13	-39.94	-145.73	54.44	37.37
Change in Inventory	24.73	-53.87	-45.63	-32.61	-15.79	-0.4
Change in Accounts Payable	-14.4	-55.29	52.56	45.7	14.83	0.25
Change in Unearned Revenue	-14.48	-16.91	14.67	28.9	14.12	18.12
Change in Other Net Operating Assets	97.17	97.91	-146.97	161.28	-31.91	46.35
Operating Cash Flow	-408.86	-464.83	-638.07	-579.54	-472.92	-70.34
Capital Expenditures	-149.15	-171.83	-212.04	-296.73	-237.87	-138.29
Sale of Property, Plant & Equipment	0.55	0.59	-	-	-	0.01
Sale (Purchase) of Intangibles	-	-	-12.07	-11.77	-	-
Investment in Securities	-	-129.28	187.46	-97.46	285	-95
Other Investing Activities	11.41	21.47	46.07	27.53	21.57	-25.31
Investing Cash Flow	-137.2	-279.04	9.42	-378.43	68.7	-258.59
Long-Term Debt Issued	-	305.24	408.87	183.52	50	-
Long-Term Debt Repaid	-	-71.01	-20.77	-10.95	-6.42	-5.87
Net Debt Issued (Repaid)	134.78	234.23	388.1	172.57	43.58	-5.87
Issuance of Common Stock	-	-	-	669.71	1,194	686.26
Repurchase of Common Stock	-	-	-100	-	-	-
Other Financing Activities	-20.51	-16.18	-12.83	-2.84	-8.18	-
Financing Cash Flow	114.27	218.06	275.28	839.44	1,229	680.39
Foreign Exchange Rate Adjustments	4.68	9.87	19.26	115.06	-8.49	-2.88
Net Cash Flow	-427.1	-515.94	-334.11	-3.47	816.74	348.58
Free Cash Flow	-558.02	-636.66	-850.11	-876.27	-710.79	-208.62
Free Cash Flow Margin	-1916.66%	-2357.56%	-2798.55%	-16455.78%	-11466.17%	-14308.92%
Free Cash Flow Per Share	-1.17	-1.33	-1.77	-1.85	-1.69	-0.68
Cash Interest Paid	18.11	14.68	10.43	1.62	-	-
Levered Free Cash Flow	-436.42	-390.32	-637.15	-574.61	-502.59	-211.14
Unlevered Free Cash Flow	-422.29	-378.51	-628.67	-572.41	-467.4	-187.94
Change in Working Capital	93.02	-28.16	-125.37	203.27	-18.75	64.32

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