Beijing Yunji Technology 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-294.9	-184.96	-264.52	-365.42
Depreciation & Amortization	7.22	8.13	7.93	13.28
Other Amortization	1.16	1.14	1.14	1.14
Loss (Gain) From Sale of Assets	0.56	-0.15	-0.18	-0.06
Stock-Based Compensation	41.29	22.3	12.56	-
Provision & Write-off of Bad Debts	26.06	9.66	7.65	10.08
Other Operating Activities	107.03	123.27	121.06	121.98
Change in Accounts Receivable	-73.96	-54.29	18.24	9.43
Change in Inventory	-11.02	6.35	7.56	43.28
Change in Accounts Payable	13.52	19.38	10.26	-10.42
Change in Unearned Revenue	-1.55	0.02	7.31	10.02
Change in Other Net Operating Assets	14.77	7.68	-5.36	-3.69
Operating Cash Flow	-169.82	-41.48	-76.37	-170.39
Capital Expenditures	-1.18	-7.61	-5.38	-6.76
Sale of Property, Plant & Equipment	0.79	0.65	0.71	0.03
Sale (Purchase) of Intangibles	-0.22	-	-	-2.83
Investment in Securities	-358.32	-11.29	158.08	241.27
Other Investing Activities	-	0.19	-0.19	-
Investing Cash Flow	-358.93	-18.05	153.22	231.7
Short-Term Debt Issued	-	-	5	15
Total Debt Issued	-	-	5	15
Short-Term Debt Repaid	-	-5.9	-15	-
Long-Term Debt Repaid	-0.96	-2.83	-3.81	-10.17
Total Debt Repaid	-0.96	-8.73	-18.81	-10.17
Net Debt Issued (Repaid)	-0.96	-8.73	-13.81	4.83
Issuance of Common Stock	692.4	-	-	-
Other Financing Activities	-33.15	-0.4	-0.57	-1.07
Financing Cash Flow	658.29	-9.12	-14.37	3.76
Foreign Exchange Rate Adjustments	-1.61	-	-0.01	0
Net Cash Flow	127.93	-68.65	62.48	65.07
Free Cash Flow	-171	-49.09	-81.75	-177.15
Free Cash Flow Margin	-56.76%	-20.05%	-56.32%	-109.84%
Free Cash Flow Per Share	-5.73	-2.52	-4.20	-9.11
Cash Interest Paid	0.05	0.17	0.57	1.07
Levered Free Cash Flow	-1,976	111.97	102.31	-
Unlevered Free Cash Flow	-1,976	112.07	102.66	-
Change in Working Capital	-58.23	-20.86	38	48.61

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