Voicecomm 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
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	178.95	-488.68	-33.75	-87.16	36.9
Depreciation & Amortization	48.31	29.4	8.15	4.99	2.9
Other Amortization	36	36	22.38	12.93	0.94
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.02	0.02	-
Loss (Gain) From Sale of Investments	-4.21	-4.21	-0.22	-8.34	-0.2
Loss (Gain) on Equity Investments	-0	-0	0.02	-0.13	0.02
Provision & Write-off of Bad Debts	121.25	121.25	55.38	42.56	17.44
Other Operating Activities	83.16	654.98	162.13	154.93	25.34
Change in Accounts Receivable	-448.95	-448.95	-323.09	-131.63	-155.6
Change in Inventory	-37.12	-37.12	87.62	17.21	-9.54
Change in Accounts Payable	47.62	47.62	2	3.22	16.34
Change in Unearned Revenue	-30.81	-30.81	67.46	4.22	15.26
Change in Other Net Operating Assets	-8.67	-8.67	-116.13	-43.92	-24.88
Operating Cash Flow	-14.48	-129.21	-68.07	-31.11	-75.08
Capital Expenditures	-389.4	-399.08	-182.91	-19.81	-56.58
Cash Acquisitions	-	-3	-3.3	-16.76	-20.4
Sale (Purchase) of Intangibles	-	-	-	-102.59	-13.09
Investment in Securities	-244.61	-212.39	1.75	-1.55	-18.1
Other Investing Activities	1.1	1.04	0.07	0.03	0.03
Investing Cash Flow	-632.9	-613.42	-184.39	-140.68	-108.14
Short-Term Debt Issued	-	-	-	-	5
Long-Term Debt Issued	-	689.78	312	193.67	147.16
Total Debt Issued	759.41	689.78	312	193.67	152.16
Short-Term Debt Repaid	-	-	-	-3	-2
Long-Term Debt Repaid	-	-459.67	-183.61	-124.12	-95.63
Total Debt Repaid	-653.38	-459.67	-183.61	-127.12	-97.63
Net Debt Issued (Repaid)	106.03	230.12	128.39	66.54	54.53
Issuance of Common Stock	620.27	620.27	163.25	121.56	140.4
Other Financing Activities	-67.68	-59.94	-12.74	-6.51	-8.21
Financing Cash Flow	658.62	790.45	278.9	181.58	186.72
Foreign Exchange Rate Adjustments	0.03	0.45	-	-	-
Net Cash Flow	11.26	48.27	26.44	9.79	3.5
Free Cash Flow	-403.88	-528.29	-250.98	-50.92	-131.66
Free Cash Flow Margin	-38.51%	-56.12%	-30.87%	-9.89%	-28.63%
Free Cash Flow Per Share	-11.47	-20.27	-14.58	-2.96	-7.65
Cash Interest Paid	19.28	19.28	11.77	11.41	8.21
Cash Income Tax Paid	18.95	5.35	1.45	7.88	16.33
Levered Free Cash Flow	-1,889	-1,426	21.4	93.22	-
Unlevered Free Cash Flow	-1,874	-1,414	28.76	98.89	-
Change in Working Capital	-477.93	-477.93	-282.14	-150.91	-158.41

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