Inkeverse Group 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	180.31	386.53	-166.1	415.38
Depreciation & Amortization	168.33	91.72	68.53	69.41
Other Amortization	4.7	4.5	1.27	2.43
Loss (Gain) From Sale of Assets	57.4	-0.58	-3.59	-0.29
Asset Writedown & Restructuring Costs	-	-	518.66	15.92
Loss (Gain) From Sale of Investments	44.94	-130.62	66.48	46.16
Loss (Gain) on Equity Investments	10.98	-20.43	44.66	0.43
Stock-Based Compensation	17.75	25.42	43.38	33.53
Provision & Write-off of Bad Debts	8.56	12.62	50.25	8.42
Other Operating Activities	-3.31	37	6.64	32.94
Change in Accounts Receivable	-93.38	15.69	-1.35	-10.46
Change in Inventory	-0.66	4.63	-1.76	-0.75
Change in Accounts Payable	240.8	53.01	-304.35	36.4
Change in Unearned Revenue	-12.19	-27.1	-8.36	19.26
Change in Other Net Operating Assets	-252.34	-45.42	-84.51	-109.67
Operating Cash Flow	371.89	406.96	229.86	559.08
Operating Cash Flow Growth	-8.62%	77.05%	-58.89%	264.56%
Capital Expenditures	-10.08	-15.5	-15.78	-22.39
Sale of Property, Plant & Equipment	0.56	3.13	3.74	0.72
Cash Acquisitions	0.21	-9.77	57.84	-0.48
Divestitures	-0.07	-5.54	-1.57	-21.53
Sale (Purchase) of Intangibles	-306.73	-41.3	-14.79	-1.57
Sale (Purchase) of Real Estate	-3.55	-24.19	-1.35	-203.69
Investment in Securities	-114.67	443.1	-519.75	390.6
Other Investing Activities	1.77	8.37	-13.26	3.09
Investing Cash Flow	-437.64	354.28	-513.97	129.97
Long-Term Debt Issued	-	0.28	0.35	32.47
Long-Term Debt Repaid	-22.33	-20.49	-38.56	-45.65
Total Debt Repaid	-22.33	-20.49	-38.56	-45.65
Net Debt Issued (Repaid)	-22.33	-20.22	-38.22	-13.18
Repurchase of Common Stock	-	-11.63	-31.19	-24.98
Common Dividends Paid	-72.89	-	-	-
Other Financing Activities	-7	4.75	-	-14.18
Financing Cash Flow	-102.21	-27.1	-69.4	-52.34
Foreign Exchange Rate Adjustments	1.37	-6.56	-5.08	-3.74
Net Cash Flow	-166.6	727.58	-358.6	632.97
Free Cash Flow	361.81	391.45	214.07	536.69
Free Cash Flow Growth	-7.57%	82.86%	-60.11%	266.22%
Free Cash Flow Margin	5.28%	5.72%	3.39%	5.85%
Free Cash Flow Per Share	0.19	0.21	0.12	0.28
Cash Income Tax Paid	88.94	52.71	73.77	47
Levered Free Cash Flow	27.07	227.48	35.19	315.13
Unlevered Free Cash Flow	29.29	229.52	42.45	321.3
Change in Working Capital	-117.78	0.8	-400.33	-65.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.