Momenta Global 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-3,458	-3,206	-2,570
Depreciation & Amortization	116.71	164.72	151.85
Other Amortization	2	0.04	-
Loss (Gain) From Sale of Assets	5.71	7.41	14.8
Loss (Gain) From Sale of Investments	2,712	1,926	1,166
Stock-Based Compensation	292.23	279.03	287.2
Provision & Write-off of Bad Debts	-3.35	5.51	-1.97
Other Operating Activities	80.35	27.56	-2.39
Change in Accounts Receivable	-458.93	-120.14	-98.47
Change in Accounts Payable	86.19	47.72	6.2
Change in Unearned Revenue	270.83	6.18	-55.67
Change in Other Net Operating Assets	72.33	26.27	34.48
Operating Cash Flow	-281.38	-835.88	-1,069
Capital Expenditures	-87.87	-125.33	-63.95
Sale of Property, Plant & Equipment	3.15	4.72	3.1
Sale (Purchase) of Intangibles	-3.14	-4.69	-
Investment in Securities	-9,586	2,343	-694.4
Other Investing Activities	-13.36	-1.98	-0.7
Investing Cash Flow	-9,687	2,215	-755.96
Short-Term Debt Issued	107.51	143.83	-
Total Debt Issued	107.51	143.83	-
Short-Term Debt Repaid	-209.5	-70.95	-
Long-Term Debt Repaid	-21.77	-23.81	-18.2
Total Debt Repaid	-231.28	-94.77	-18.2
Net Debt Issued (Repaid)	-123.76	49.07	-18.2
Issuance of Common Stock	599.29	197.78	13.95
Other Financing Activities	-587.43	-184.64	-2.12
Financing Cash Flow	8,324	601.28	-6.37
Foreign Exchange Rate Adjustments	-46.11	56.38	11.01
Net Cash Flow	-1,691	2,037	-1,820
Free Cash Flow	-369.25	-961.21	-1,133
Free Cash Flow Margin	-15.31%	-72.56%	-152.48%
Free Cash Flow Per Share	-10.54	-27.49	-32.39
Cash Interest Paid	2.61	2.7	2.12
Cash Income Tax Paid	1.49	2.87	7.52
Levered Free Cash Flow	10,587	2,206	-
Unlevered Free Cash Flow	10,589	2,207	-
Change in Working Capital	-29.58	-39.97	-113.46