CiDi Inc. Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-912.63	-580.71	-255.08	-263
Depreciation & Amortization	32.42	33.19	28.6	22.67
Other Amortization	1.48	1.46	1.43	1.05
Loss (Gain) From Sale of Assets	0.01	0.02	-0.12	0.02
Loss (Gain) From Sale of Investments	-0.43	0.07	-0.59	-0.13
Stock-Based Compensation	586.51	319.94	-	-
Provision & Write-off of Bad Debts	41.02	15.71	-4.23	4.85
Other Operating Activities	168.36	121.28	92.65	66.71
Change in Accounts Receivable	-513.44	-112.52	-70.21	-35.47
Change in Inventory	-58.86	74.01	-62.59	-51.49
Change in Accounts Payable	374.78	-3.19	61.15	23.85
Change in Unearned Revenue	-21.24	-44.11	39.37	28.56
Change in Other Net Operating Assets	-11.46	27.1	-27.14	-0.67
Operating Cash Flow	-313.46	-147.74	-196.76	-203.05
Capital Expenditures	-1.87	-1.39	-29.71	-152.61
Sale of Property, Plant & Equipment	0.01	0.01	0.17	0.03
Sale (Purchase) of Intangibles	-1.35	-0.68	-0.7	-0.81
Investment in Securities	39	129.5	69	-135.5
Other Investing Activities	-7.89	-2.32	20.22	-13.5
Investing Cash Flow	27.9	125.12	58.97	-302.38
Long-Term Debt Issued	-	238.9	25.7	146.14
Long-Term Debt Repaid	-	-134.22	-52.96	-6.86
Net Debt Issued (Repaid)	149.73	104.68	-27.26	139.28
Issuance of Common Stock	-	-	24	270.3
Other Financing Activities	-9.93	-10.36	-5.96	-23.26
Financing Cash Flow	139.81	94.33	-9.23	386.33
Foreign Exchange Rate Adjustments	0.01	0.03	-	-
Net Cash Flow	-145.75	71.74	-147.02	-119.11
Free Cash Flow	-315.34	-149.13	-226.47	-355.66
Free Cash Flow Margin	-56.35%	-36.37%	-170.79%	-1145.23%
Free Cash Flow Per Share	-19.37	-9.16	-13.91	-21.85
Cash Interest Paid	8.14	7.12	5.96	3.37
Cash Income Tax Paid	0.02	0.03	0.46	-
Levered Free Cash Flow	-	-52.79	-210.69	-
Unlevered Free Cash Flow	-	32.04	-135.01	-
Change in Working Capital	-230.21	-58.71	-59.42	-35.23

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