Qiniu 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	-459.37	-324.11	-212.75	-219.71
Depreciation & Amortization	54.95	70.9	93.18	89.56
Other Amortization	-	-	0.3	1.23
Loss (Gain) From Sale of Assets	0	0.02	1.1	0.27
Loss (Gain) From Sale of Investments	38.03	66.44	-22.68	-30.77
Stock-Based Compensation	15.9	33.83	10.28	17.54
Other Operating Activities	301.27	164.33	94.11	103.34
Change in Accounts Receivable	-170.99	-103.51	62.09	-102.8
Change in Inventory	20.19	16.85	4.88	-34.38
Change in Accounts Payable	80.37	86.9	-4.63	12.68
Change in Unearned Revenue	-20.13	10.06	-22.24	24.71
Change in Other Net Operating Assets	21.66	-25.55	-74.98	46.85
Operating Cash Flow	-118.13	-3.84	-71.34	-91.49
Capital Expenditures	-6.04	-11.61	-16.13	-182.02
Sale of Property, Plant & Equipment	0.01	0.03	3.42	0.28
Investment in Securities	48.05	-5.3	-49.77	326.18
Other Investing Activities	-	2	-	-
Investing Cash Flow	42.02	-14.88	-62.49	144.45
Long-Term Debt Issued	196.1	208.4	159.8	134.12
Long-Term Debt Repaid	-213.78	-198.54	-130.24	-29.96
Net Debt Issued (Repaid)	-17.68	9.86	29.57	104.15
Issuance of Common Stock	402.63	-	-	-
Other Financing Activities	-28.58	-14.56	-8.75	-6.1
Financing Cash Flow	356.37	-4.7	20.82	98.05
Foreign Exchange Rate Adjustments	5.29	2.39	14.89	-5.61
Net Cash Flow	285.55	-21.03	-98.12	145.39
Free Cash Flow	-124.17	-15.45	-87.48	-273.51
Free Cash Flow Margin	-8.64%	-1.16%	-7.63%	-18.59%
Free Cash Flow Per Share	-0.16	-0.04	-0.20	-0.63
Cash Interest Paid	7.56	8.16	8.75	6.05
Levered Free Cash Flow	-82.04	-8.1	-44.9	-224.64
Unlevered Free Cash Flow	-77.19	-3	-39.43	-220.86
Change in Working Capital	-68.91	-15.24	-34.88	-52.95

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