Shanghai Biren Technology 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	-16,493	-1,538	-1,744	-1,474
Depreciation & Amortization	137.31	117.52	147.3	132.81
Other Amortization	7.59	1.35	52.85	43.68
Loss (Gain) From Sale of Assets	7.18	-0.23	3.53	-0.03
Asset Writedown & Restructuring Costs	-	-	40.3	-
Loss (Gain) From Sale of Investments	-8.67	-19.41	-24.33	-50.83
Loss (Gain) on Equity Investments	-0	-	-	-
Stock-Based Compensation	106.47	82.63	80.1	88.03
Other Operating Activities	15,467	673.77	682.37	306.52
Change in Accounts Receivable	-647.98	-275.66	47.27	-184.73
Change in Inventory	-807.26	18.09	-150.07	-39.25
Change in Accounts Payable	202.65	15.06	32.88	46.23
Change in Unearned Revenue	-116.72	-87.38	-15.92	-51.72
Change in Other Net Operating Assets	8.39	3.16	0.62	0.01
Operating Cash Flow	-2,137	-1,009	-847.07	-1,184
Capital Expenditures	-351.25	-100.52	-138.98	-193.74
Sale of Property, Plant & Equipment	0.34	-	1.23	-
Investment in Securities	-1,062	1,138	-255.89	416.04
Other Investing Activities	178.49	180.98	88.23	68.48
Investing Cash Flow	-1,235	1,218	-305.41	290.79
Short-Term Debt Issued	200	-	-	-
Long-Term Debt Issued	-	262.04	-	-
Total Debt Issued	200	262.04	-	-
Long-Term Debt Repaid	-23.71	-22.12	-28.49	-27.21
Net Debt Issued (Repaid)	176.3	239.92	-28.49	-27.21
Issuance of Common Stock	3,714	-	56.77	280
Other Financing Activities	-560.44	-22.8	783.6	-41.26
Financing Cash Flow	3,330	217.12	811.89	211.54
Foreign Exchange Rate Adjustments	-20.62	14.97	16.6	108.01
Net Cash Flow	-62.99	441.36	-323.99	-573.27
Free Cash Flow	-2,488	-1,110	-986.05	-1,377
Free Cash Flow Margin	-240.52%	-329.48%	-1589.63%	-276020.84%
Free Cash Flow Per Share	-1.31	-0.67	-0.60	-0.84
Cash Interest Paid	4.06	-	-	-
Levered Free Cash Flow	-2,703	-677.72	322.38	-
Unlevered Free Cash Flow	-2,694	-653.46	329.98	-
Change in Working Capital	-1,361	-326.72	-85.23	-229.47

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