CiDi Inc. 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	-1,020	-580.71	-255.08	-263
Depreciation & Amortization	32.87	33.19	28.6	22.67
Other Amortization	-	1.46	1.43	1.05
Loss (Gain) From Sale of Assets	0.33	0.02	-0.12	0.02
Asset Writedown & Restructuring Costs	126.17	-	-	-
Loss (Gain) From Sale of Investments	-0.38	0.07	-0.59	-0.13
Stock-Based Compensation	622.35	319.94	-	-
Provision & Write-off of Bad Debts	-	15.71	-4.23	4.85
Other Operating Activities	94.18	121.28	92.65	66.71
Change in Accounts Receivable	-606.08	-112.52	-70.21	-35.47
Change in Inventory	-41.12	74.01	-62.59	-51.49
Change in Accounts Payable	473.19	-3.19	61.15	23.85
Change in Unearned Revenue	10.48	-44.11	39.37	28.56
Change in Other Net Operating Assets	-10.95	27.1	-27.14	-0.67
Operating Cash Flow	-318.65	-147.74	-196.76	-203.05
Capital Expenditures	-1.59	-1.39	-29.71	-152.61
Sale of Property, Plant & Equipment	0	0.01	0.17	0.03
Sale (Purchase) of Intangibles	-1.32	-0.68	-0.7	-0.81
Investment in Securities	-64.93	129.5	69	-135.5
Other Investing Activities	-7.48	-2.32	20.22	-13.5
Investing Cash Flow	-75.32	125.12	58.97	-302.38
Long-Term Debt Issued	438.11	238.9	25.7	146.14
Long-Term Debt Repaid	-173.18	-134.22	-52.96	-6.86
Net Debt Issued (Repaid)	264.93	104.68	-27.26	139.28
Issuance of Common Stock	1,290	-	24	270.3
Other Financing Activities	-73.32	-10.36	-5.96	-23.26
Financing Cash Flow	1,481	94.33	-9.23	386.33
Foreign Exchange Rate Adjustments	-10.02	0.03	-	-
Net Cash Flow	1,077	71.74	-147.02	-119.11
Free Cash Flow	-320.24	-149.13	-226.47	-355.66
Free Cash Flow Margin	-36.19%	-36.37%	-170.79%	-1145.23%
Free Cash Flow Per Share	-1.86	-0.92	-1.39	-2.19
Cash Interest Paid	-	7.12	5.96	3.37
Cash Income Tax Paid	-	0.03	0.46	-
Levered Free Cash Flow	-578.86	27.58	-137.24	-
Unlevered Free Cash Flow	-489.94	32.04	-135.01	-
Change in Working Capital	-174.48	-58.71	-59.42	-35.23

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