Qyuns Therapeutics 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	307.44	-335.57	-507.75	-298.19	-411.04
Depreciation & Amortization	-	32.67	32.29	30.54	25.64
Loss (Gain) From Sale of Assets	-	-	0.01	-	0.01
Loss (Gain) From Sale of Investments	-	-4.24	-5.7	-11.9	233.6
Stock-Based Compensation	-	75.46	131.3	41.56	11.73
Other Operating Activities	92.4	-2.47	-0.8	-14.08	-2.09
Change in Accounts Receivable	-	-27.44	-6.7	-	-
Change in Inventory	-	-3.84	-4.94	-	-
Change in Accounts Payable	-	78.54	72.1	12.81	17.38
Change in Unearned Revenue	-	7.85	0.23	-0.64	-0.59
Change in Other Net Operating Assets	-	-7.06	-10.71	14.69	2.77
Operating Cash Flow	399.85	-186.09	-300.68	-225.21	-122.58
Capital Expenditures	-	-1.22	-7.87	-20.11	-57.98
Sale (Purchase) of Intangibles	-	-0.54	-0.07	-2.65	-0.96
Investment in Securities	-	-30.79	246.39	13.18	-195.54
Other Investing Activities	118.69	7.33	4.67	3.88	7.06
Investing Cash Flow	118.69	-25.23	243.11	-5.7	-247.42
Long-Term Debt Issued	-	512.33	113.6	15.9	-
Long-Term Debt Repaid	-	-338.73	-66.65	-16.55	-3.01
Net Debt Issued (Repaid)	-	173.61	46.95	-0.65	-3.01
Issuance of Common Stock	-	196.54	29.5	228	300.07
Other Financing Activities	93.73	-18.33	-15.24	-15.85	-15.59
Financing Cash Flow	93.73	351.81	61.21	211.49	281.48
Foreign Exchange Rate Adjustments	-11.2	3.89	-0.43	14.46	-2.72
Net Cash Flow	601.06	144.39	3.21	-4.97	-91.23
Free Cash Flow	399.85	-187.31	-308.56	-245.33	-180.55
Free Cash Flow Margin	49.55%	-117.96%	-	-2539.08%	-845.71%
Free Cash Flow Per Share	1.83	-0.85	-1.50	-1.38	-1.55
Cash Interest Paid	-	17.52	14.42	15.49	15.33
Levered Free Cash Flow	285.57	-53.9	-125.29	-152.54	-
Unlevered Free Cash Flow	299.42	-39.28	-114.78	-140.86	-
Change in Working Capital	-	48.06	49.98	26.86	19.56

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