Baiwang Co., Ltd. (HKG:6657)

Baiwang Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-501.21	-357.98	-153.5	-446.94
Depreciation & Amortization	18.81	17.78	16.74	16.46
Other Amortization	0.75	0.7	0.2	0.24
Loss (Gain) From Sale of Assets	0.39	0.03	0.03	0.01
Loss (Gain) From Sale of Investments	298.37	55.76	53.49	263.91
Loss (Gain) on Equity Investments	5.32	4.03	-1.07	-4.96
Stock-Based Compensation	53.98	191.06	10.47	161.42
Provision & Write-off of Bad Debts	8.24	5.82	1.22	1.75
Other Operating Activities	-3	-3.81	-4.85	-7.26
Change in Accounts Receivable	9.73	-11.29	-13.77	-25.87
Change in Inventory	1.29	7.31	-1.99	4.52
Change in Accounts Payable	-44.73	41.17	3.75	33.34
Change in Unearned Revenue	-8.02	-42.73	34.85	25.81
Change in Other Net Operating Assets	7.95	-7.18	-9.83	-36.43
Operating Cash Flow	-152.14	-99.33	-64.28	-13.99
Capital Expenditures	-3.16	-5.04	-4.14	-2.12
Cash Acquisitions	-	-	-	0.12
Sale (Purchase) of Intangibles	-4.56	-1.06	-0.34	-2.72
Investment in Securities	35.82	165.81	-203.55	-191.05
Other Investing Activities	8.2	57.1	18.22	6
Investing Cash Flow	1.3	216.81	-189.8	-189.78
Long-Term Debt Repaid	-15.43	-14.52	-12.01	-7.17
Net Debt Issued (Repaid)	-15.43	-14.52	-12.01	-7.17
Issuance of Common Stock	287.49	-	-	443.51
Other Financing Activities	-15.26	-5.14	-1.71	-0.67
Financing Cash Flow	256.8	-19.66	-13.72	435.67
Foreign Exchange Rate Adjustments	2.91	-	-	-
Net Cash Flow	108.87	97.83	-267.8	231.9
Free Cash Flow	-155.31	-104.37	-68.42	-16.11
Free Cash Flow Margin	-23.56%	-14.64%	-13.01%	-3.55%
Free Cash Flow Per Share	-0.85	-0.74	-0.49	-0.12
Cash Income Tax Paid	0.43	0.24	0.02	-
Levered Free Cash Flow	-69.06	13.22	-35.41	14.15
Unlevered Free Cash Flow	-68.84	13.85	-34.44	14.3
Change in Working Capital	-33.78	-12.73	13	1.38

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