Quantgroup Holding 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	195.15	147.13	3.64	-0.37
Depreciation & Amortization	4.86	5.23	7.6	15.96
Other Amortization	0.25	0.17	0.17	0.17
Loss (Gain) From Sale of Assets	-	0	-	-0.49
Loss (Gain) From Sale of Investments	-0.08	-	0.01	0.16
Stock-Based Compensation	38.52	36.95	-7.28	21.1
Provision & Write-off of Bad Debts	65.72	-5.28	2.64	13.11
Other Operating Activities	143.14	190.38	139.91	107.07
Change in Accounts Receivable	-405.87	-189.88	-187.65	-131.1
Change in Inventory	-	-	-	0.05
Change in Accounts Payable	20.7	29.6	1.63	10.84
Change in Unearned Revenue	47.52	-34.63	20.77	8.77
Change in Other Net Operating Assets	-6.23	26.52	3.08	-44.26
Operating Cash Flow	103.67	206.18	-15.49	1.02
Operating Cash Flow Growth	-49.72%	-	-	-
Capital Expenditures	-0.01	-0.05	-0.23	-39.14
Sale of Property, Plant & Equipment	-	0	30.46	0.01
Cash Acquisitions	-46.39	-	-	-
Divestitures	-	4.76	-	14.11
Sale (Purchase) of Intangibles	-0.33	-0.49	-0.67	-1.89
Investment in Securities	-	-	-	68
Other Investing Activities	-	-	-	4.91
Investing Cash Flow	-46.73	4.23	29.56	51.33
Long-Term Debt Issued	62.92	25.83	25.84	-
Long-Term Debt Repaid	-22.51	-31.29	-5.09	-
Total Debt Repaid	-22.51	-31.29	-5.09	-13.27
Net Debt Issued (Repaid)	40.41	-5.46	20.75	-13.27
Issuance of Common Stock	134.52	-	0.21	0.18
Other Financing Activities	-21.16	-1.99	-1.18	-1
Financing Cash Flow	153.77	-7.45	19.78	-14.09
Foreign Exchange Rate Adjustments	-0.25	-0.01	-0.05	-
Net Cash Flow	210.46	202.95	33.81	38.26
Free Cash Flow	103.65	206.14	-15.72	-38.12
Free Cash Flow Growth	-49.72%	-	-	-
Free Cash Flow Margin	10.02%	20.76%	-2.97%	-6.02%
Free Cash Flow Per Share	0.39	0.87	-0.07	-0.11
Cash Interest Paid	2.48	1.59	0.81	0.22
Cash Income Tax Paid	79.4	14.64	0.01	-
Levered Free Cash Flow	62.32	121.36	-76.77	-
Unlevered Free Cash Flow	63.87	122.35	-76.26	-
Change in Working Capital	-343.89	-168.39	-162.17	-155.69

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