Maiyue Technology 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	FY 2020
Period Ending	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	0.43	22.88	48.77	45.98	39.44
Depreciation & Amortization	1.82	2.03	1.45	1.5	1.46
Other Amortization	8.48	6.18	6.69	5.44	2.26
Loss (Gain) From Sale of Assets	-0.14	-0.67	-0.29	0.01	-
Loss (Gain) on Equity Investments	1.33	-0.29	0.09	0.16	-0.93
Provision & Write-off of Bad Debts	24.71	-1.26	6.39	0.82	3.82
Other Operating Activities	5.97	9.28	5.24	6.76	9.63
Change in Accounts Receivable	-91.78	-193.56	-45.32	-79.06	-62.3
Change in Inventory	-1.04	1.5	-2.17	1.06	1.97
Change in Accounts Payable	54.45	13.36	-12.49	22.64	13.13
Change in Unearned Revenue	-1.2	-1.65	1.76	1.37	-2.97
Operating Cash Flow	3.04	-142.2	10.11	6.68	5.5
Operating Cash Flow Growth	-	-	51.52%	21.43%	-
Capital Expenditures	-24.94	-3.3	-6.75	-10.87	-25.1
Sale of Property, Plant & Equipment	-	-	0.34	0.37	-
Cash Acquisitions	0.02	-	-	0.94	-
Sale (Purchase) of Intangibles	-10.53	-9.19	-8.85	-7.7	-5.16
Investment in Securities	-2.59	-	-	-0.65	-0.49
Other Investing Activities	-0.87	2.73	-2.66	-0.08	4.24
Investing Cash Flow	-38.91	-9.76	-17.92	-17.99	-26.51
Short-Term Debt Issued	-	-	-	-	8
Long-Term Debt Issued	164	112.17	108.36	64.97	74.8
Total Debt Issued	164	112.17	108.36	64.97	82.8
Short-Term Debt Repaid	-	-	-	-8	-
Long-Term Debt Repaid	-125.7	-87.58	-76.41	-41.87	-41.19
Total Debt Repaid	-125.7	-87.58	-76.41	-49.87	-41.19
Net Debt Issued (Repaid)	38.29	24.59	31.95	15.1	41.61
Issuance of Common Stock	-	135.4	-	-	4.06
Other Financing Activities	-9.73	-21.1	-10.7	-10.74	-5.08
Financing Cash Flow	28.57	138.9	21.25	4.36	40.59
Foreign Exchange Rate Adjustments	-0.01	-1.74	-	-	-
Net Cash Flow	-7.31	-14.79	13.45	-6.96	19.58
Free Cash Flow	-21.9	-145.5	3.37	-4.2	-19.6
Free Cash Flow Margin	-7.97%	-56.16%	1.38%	-2.08%	-9.47%
Free Cash Flow Per Share	-0.04	-0.36	0.01	-0.42	-1.96
Cash Interest Paid	9.48	11.43	8.55	8.03	1.3
Cash Income Tax Paid	3.87	5.71	11.09	10.04	1.09
Levered Free Cash Flow	-87.86	-61.92	-109.72	30.49	-
Unlevered Free Cash Flow	-80.31	-55.37	-104.16	30.53	-
Change in Net Working Capital	61.67	72.52	136.6	-2.64	-

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