Fangzhou 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	-854.89	-196.79	-383.3	-303.96
Depreciation & Amortization	23.86	20.15	17.34	13.1
Other Amortization	0.26	0.17	0.1	0.04
Loss (Gain) From Sale of Assets	-0.01	-0.02	0.01	0.16
Loss (Gain) From Sale of Investments	20.73	-	-	-
Stock-Based Compensation	743.33	5.23	13.65	7.9
Provision & Write-off of Bad Debts	0.33	0.14	0.17	0.31
Other Operating Activities	90.04	173.26	256.45	80.37
Change in Accounts Receivable	-20.45	-23.28	-38.26	-32.23
Change in Inventory	-5.38	-9.58	-14.94	-42.56
Change in Accounts Payable	17.05	84.22	77.18	92.02
Change in Unearned Revenue	2.58	-69.5	71.31	5.94
Change in Other Net Operating Assets	2.1	38.28	-49.68	-24.75
Operating Cash Flow	19.54	22.28	-49.97	-203.66
Operating Cash Flow Growth	-12.30%	-	-	-
Capital Expenditures	-3.91	-5.65	-5.28	-5.52
Sale of Property, Plant & Equipment	-	0.03	-	-
Investment in Securities	-107.6	-	-	-
Other Investing Activities	-	22.03	19.6	1.19
Investing Cash Flow	-111.51	16.42	14.32	-4.32
Short-Term Debt Issued	19.04	25.6	24.79	-
Total Debt Issued	19.04	25.6	24.79	-
Short-Term Debt Repaid	-21.04	-30.6	-14.79	-
Long-Term Debt Repaid	-18.77	-16.9	-11.93	-10.59
Total Debt Repaid	-39.81	-47.51	-26.72	-10.59
Net Debt Issued (Repaid)	-20.77	-21.9	-1.93	-10.59
Issuance of Common Stock	177.58	-	-	-
Other Financing Activities	-37.19	-7.4	-26.01	-0.82
Financing Cash Flow	119.62	-29.31	82.23	-11.41
Foreign Exchange Rate Adjustments	0.66	2.02	3.67	-3.77
Net Cash Flow	28.32	11.41	50.25	-223.16
Free Cash Flow	15.63	16.63	-55.25	-209.17
Free Cash Flow Growth	-6.05%	-	-	-
Free Cash Flow Margin	0.58%	0.68%	-2.51%	-11.89%
Free Cash Flow Per Share	0.02	0.03	-	-
Cash Interest Paid	2.24	1.79	1.01	0.82
Cash Income Tax Paid	0.03	0.07	0	0.04
Levered Free Cash Flow	291.21	30.94	-14.82	-
Unlevered Free Cash Flow	292.6	31.96	-14.09	-
Change in Working Capital	-4.1	20.14	45.61	-1.57

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