Abbisko Cayman Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	55.25	28.3	-431.58	-495.61	-1,810
Depreciation & Amortization	19.54	20.44	15.76	14.12	11.18
Other Amortization	2.79	3.13	2.66	1.67	29.9
Loss (Gain) From Sale of Assets	0.04	0.03	0.06	-	-
Loss (Gain) From Sale of Investments	-2.03	0.69	-1.14	0.22	-
Stock-Based Compensation	32.61	20.74	47.4	110.12	90.36
Other Operating Activities	-18.37	-93.85	-57.28	8.67	1,502
Change in Accounts Payable	4.25	2.5	1.72	18.82	28.31
Change in Other Net Operating Assets	-14.78	5.1	-22.32	-1.92	-21.18
Operating Cash Flow	79.29	-12.92	-444.73	-343.9	-169.74
Capital Expenditures	-3.37	-4.07	-9.6	-19.62	-9.01
Sale (Purchase) of Intangibles	-2.16	-3.33	-2.65	-3.13	-3.32
Investment in Securities	160.57	-250.77	344.63	-214.15	-1,476
Other Investing Activities	56.91	61.66	46.14	20.32	28.81
Investing Cash Flow	211.94	-196.51	378.52	-216.58	-1,460
Short-Term Debt Issued	291.51	-	-	-	-
Total Debt Issued	291.51	-	-	-	-
Long-Term Debt Repaid	-10.13	-9.46	-9.45	-8.64	-7.41
Net Debt Issued (Repaid)	281.38	-9.46	-9.45	-8.64	-7.41
Issuance of Common Stock	4.81	6.53	8.42	3.74	1,452
Repurchase of Common Stock	-96.15	-76.32	-12.91	-4.05	-
Other Financing Activities	-3.15	-1.61	-2.17	-11.86	-119.32
Financing Cash Flow	186.89	-80.86	-16.11	-20.81	2,102
Foreign Exchange Rate Adjustments	-18.64	1.74	18.55	159.27	-26.31
Net Cash Flow	459.48	-288.55	-63.76	-422.02	446.08
Free Cash Flow	75.91	-16.99	-454.33	-363.52	-178.76
Free Cash Flow Margin	12.40%	-3.37%	-2383.68%	-	-788.09%
Free Cash Flow Per Share	0.12	-0.03	-0.70	-0.59	-0.76
Cash Interest Paid	3.15	1.61	2.17	2.69	0.96
Cash Income Tax Paid	32.25	78.69	-	-	-
Levered Free Cash Flow	100.33	25.38	-275.3	-195.99	-45.64
Unlevered Free Cash Flow	102.42	26.38	-273.95	-194.32	-45.04
Change in Working Capital	-10.53	7.59	-20.6	16.9	7.13

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