ArtGo Holdings 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	-285.19	-396.15	-148.25	-417.78
Depreciation & Amortization	30.75	34.55	36.3	37.81
Other Amortization	-	-	0.18	1.8
Loss (Gain) From Sale of Assets	-0.02	2.36	-4.75	3.36
Asset Writedown & Restructuring Costs	234.06	283.66	65.17	13.27
Loss (Gain) From Sale of Investments	-	-	-0.48	-
Loss (Gain) on Equity Investments	1.82	7.61	4.84	318.17
Stock-Based Compensation	-	-	5.51	10.4
Provision & Write-off of Bad Debts	3.92	18.18	1.42	9.07
Other Operating Activities	2.61	2.35	18	12.52
Change in Accounts Receivable	1.96	-14.12	-3.99	25.56
Change in Inventory	-4.77	24.94	12.57	-3.02
Change in Accounts Payable	2.15	-1.95	6.7	-18.74
Change in Unearned Revenue	6.03	0.25	3.1	-3.63
Change in Other Net Operating Assets	5.64	34.5	-40.66	-45.73
Operating Cash Flow	-1.06	-3.83	-44.34	-56.94
Capital Expenditures	-8.21	-5.83	-45.77	-30.94
Sale of Property, Plant & Equipment	-	-	-	17.28
Divestitures	-1.3	0.08	-6.21	153.5
Investment in Securities	-	-	0.5	-
Other Investing Activities	-	-	-0.07	-11.5
Investing Cash Flow	-9.51	-5.75	-51.56	128.33
Short-Term Debt Issued	-	-	9.14	11.49
Long-Term Debt Issued	34.9	17.21	261.55	78.29
Total Debt Issued	34.9	17.21	270.69	89.78
Short-Term Debt Repaid	-0.64	-20.49	-	-
Long-Term Debt Repaid	-137.3	-25.19	-199.95	-180.24
Total Debt Repaid	-137.94	-45.69	-199.95	-180.24
Net Debt Issued (Repaid)	-103.04	-28.47	70.74	-90.46
Issuance of Common Stock	28.7	123.15	17.83	22.31
Financing Cash Flow	-74.34	94.67	88.58	-68.15
Foreign Exchange Rate Adjustments	-0	0.09	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	0.09
Net Cash Flow	-84.9	85.19	-7.33	3.33
Free Cash Flow	-9.27	-9.65	-90.12	-87.88
Free Cash Flow Margin	-12.94%	-12.45%	-101.18%	-99.89%
Free Cash Flow Per Share	-0.01	-0.03	-0.38	-0.41
Cash Interest Paid	2.71	18.56	7.17	32.14
Cash Income Tax Paid	0.52	1.32	-3.38	1.4
Levered Free Cash Flow	10.46	-33.06	-63.4	20.09
Unlevered Free Cash Flow	19.84	-20.94	-48.94	48.03
Change in Working Capital	10.99	43.62	-22.28	-45.56

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