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	314.45	-335.57	-507.75	-298.19	-411.04
Depreciation & Amortization	32.1	32.67	32.29	30.54	25.64
Loss (Gain) From Sale of Assets	0.19	-	0.01	-	0.01
Loss (Gain) From Sale of Investments	-2.09	-4.24	-5.7	-11.9	233.6
Stock-Based Compensation	48.75	75.46	131.3	41.56	11.73
Other Operating Activities	-79.05	-2.47	-0.8	-14.08	-2.09
Change in Accounts Receivable	14.69	-27.44	-6.7	-	-
Change in Inventory	-28.34	-3.84	-4.94	-	-
Change in Accounts Payable	70.49	78.54	72.1	12.81	17.38
Change in Unearned Revenue	34.86	7.85	0.23	-0.64	-0.59
Change in Other Net Operating Assets	-6.2	-7.06	-10.71	14.69	2.77
Operating Cash Flow	399.85	-186.09	-300.68	-225.21	-122.58
Capital Expenditures	-7.48	-1.22	-7.87	-20.11	-57.98
Sale (Purchase) of Intangibles	-0.15	-0.54	-0.07	-2.65	-0.96
Investment in Securities	117.53	-30.79	246.39	13.18	-195.54
Other Investing Activities	8.78	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	269.8	512.33	113.6	15.9	-
Long-Term Debt Repaid	-218.41	-338.73	-66.65	-16.55	-3.01
Net Debt Issued (Repaid)	51.39	173.61	46.95	-0.65	-3.01
Issuance of Common Stock	90.97	196.54	29.5	228	300.07
Repurchase of Common Stock	-27.19	-	-	-	-
Other Financing Activities	-21.45	-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	392.37	-187.31	-308.56	-245.33	-180.55
Free Cash Flow Margin	48.62%	-117.96%	-	-2539.08%	-845.71%
Free Cash Flow Per Share	1.75	-0.85	-1.50	-1.38	-1.55
Cash Interest Paid	19.91	17.52	14.42	15.49	15.33
Levered Free Cash Flow	360.02	-53.9	-125.29	-152.54	-
Unlevered Free Cash Flow	372.04	-39.28	-114.78	-140.86	-
Change in Working Capital	85.5	48.06	49.98	26.86	19.56

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