XtalPi Holdings 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
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
Net Income	-196.8	-1,517	-1,914	-1,439	-2,137
Depreciation & Amortization	107.8	136.04	116.04	65.34	22.05
Other Amortization	3.42	3.42	5.68	3.71	1.08
Loss (Gain) From Sale of Assets	-	-	-	-0.12	-0.98
Loss (Gain) From Sale of Investments	-28.31	-28.31	-68.62	12.22	-9.25
Loss (Gain) on Equity Investments	4.19	4.19	1.96	0.24	4.5
Stock-Based Compensation	136.68	136.68	88.43	43.38	22.48
Other Operating Activities	-407.82	822.93	1,217	907.05	1,824
Change in Accounts Receivable	-90.83	-90.83	-2.5	-24.94	-44.59
Change in Accounts Payable	63.72	63.72	8.33	26.79	47.62
Change in Unearned Revenue	-30.96	-30.96	-14.68	-8.03	-0.17
Change in Other Net Operating Assets	21.04	21.04	-4.61	-16.23	16.86
Operating Cash Flow	-417.87	-478.68	-567.56	-429.1	-253.75
Capital Expenditures	-57.78	-58.11	-123.79	-193.42	-160.58
Sale of Property, Plant & Equipment	-0.27	0	0.08	1.49	3.88
Sale (Purchase) of Intangibles	-6.99	-3.76	-6.84	-5.19	-3.1
Investment in Securities	-1,543	65.19	727.37	-2,603	80.42
Other Investing Activities	24.16	70.77	138.77	41.99	8.91
Investing Cash Flow	-1,687	74.09	735.58	-2,758	-70.47
Long-Term Debt Issued	-	61.9	60	25	20
Short-Term Debt Repaid	-	-70	-36	-22.28	-16.2
Long-Term Debt Repaid	-	-51.78	-48.33	-11.33	-6.2
Total Debt Repaid	-111.94	-121.78	-84.33	-33.61	-22.4
Net Debt Issued (Repaid)	188.99	-59.88	-24.33	-8.61	-2.4
Issuance of Common Stock	2,909	904.52	-	-	0.01
Other Financing Activities	32.31	-4.64	-1.55	66.6	-1.68
Financing Cash Flow	3,130	840	-25.89	57.99	2,476
Foreign Exchange Rate Adjustments	-27.34	19.98	-5.59	179.47	-59.07
Net Cash Flow	997.98	455.39	136.54	-2,949	2,093
Free Cash Flow	-475.64	-536.79	-691.36	-622.52	-414.32
Free Cash Flow Margin	-69.86%	-201.47%	-396.37%	-466.82%	-659.76%
Free Cash Flow Per Share	-0.14	-0.28	-1.43	-1.29	-0.86
Cash Interest Paid	2.99	1.78	1.55	1.61	1.68
Levered Free Cash Flow	-393.09	-314.94	-354.87	-445.33	-
Unlevered Free Cash Flow	-388.91	-310.71	-348.88	-441.74	-
Change in Working Capital	-37.03	-37.03	-13.47	-22.41	19.73

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.