Mobvoi 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	-721.49	-802.6	-669.81	-276.3
Depreciation & Amortization	6.77	7.65	7.63	11.64
Other Amortization	6.47	3.5	2.41	7.74
Loss (Gain) From Sale of Assets	-0.13	-0.84	-0.03	-0.55
Asset Writedown & Restructuring Costs	-	-	-	33.79
Loss (Gain) From Sale of Investments	30.63	-1.52	-30.18	-0.03
Loss (Gain) on Equity Investments	-	-	9.36	18.57
Stock-Based Compensation	12.85	41.7	17.32	9.65
Provision & Write-off of Bad Debts	5.51	3.89	2.01	2.12
Other Operating Activities	503.35	776.76	788.89	122.67
Change in Accounts Receivable	4.18	-22.44	3.43	-18.6
Change in Inventory	-35.04	6.21	19.4	-31.3
Change in Accounts Payable	9.11	13.06	-11.74	4.92
Change in Other Net Operating Assets	9.06	3.04	-46.96	78.44
Operating Cash Flow	-168.74	28.39	72.44	-37.24
Operating Cash Flow Growth	-	-60.80%	-	-
Capital Expenditures	-8.7	-6.47	-5.16	-2.87
Sale of Property, Plant & Equipment	0.14	0.09	0.03	0.07
Divestitures	-	-2.79	-	-
Investment in Securities	-138.75	112.94	-33.78	-17.98
Other Investing Activities	11.15	5.08	-2.54	1.12
Investing Cash Flow	-143.67	108.84	-40.45	-21.89
Short-Term Debt Issued	20	-	20	20
Total Debt Issued	20	-	20	20
Short-Term Debt Repaid	-	-20	-20	-31.75
Long-Term Debt Repaid	-4.13	-7.07	-6.34	-9.3
Total Debt Repaid	-4.13	-27.07	-26.34	-41.05
Net Debt Issued (Repaid)	15.88	-27.07	-6.34	-21.05
Issuance of Common Stock	308.57	-	-	-
Repurchase of Common Stock	-	-	-118.4	-
Other Financing Activities	-0.61	-1.92	-1	-1.07
Financing Cash Flow	323.83	-28.98	-125.74	-22.12
Foreign Exchange Rate Adjustments	0.79	-4.17	2.24	-2.34
Net Cash Flow	12.21	104.07	-91.51	-83.58
Free Cash Flow	-177.44	21.92	67.27	-40.11
Free Cash Flow Growth	-	-67.42%	-	-
Free Cash Flow Margin	-45.46%	4.32%	13.45%	-10.08%
Free Cash Flow Per Share	-0.14	0.04	0.09	-
Cash Interest Paid	0.61	0.25	0.49	0.46
Cash Income Tax Paid	0.97	2.16	1.67	0.04
Levered Free Cash Flow	-4,453	855.08	316.12	62.33
Unlevered Free Cash Flow	-4,452	855.24	316.74	62.96
Change in Working Capital	-12.69	-0.13	-35.87	33.46

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