Dowway Holdings 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	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	-5.75	-16.92	-36.45	-7.65	-17.83	Upgrade
Depreciation & Amortization	1.21	1.68	3.79	3.74	3.43	Upgrade
Asset Writedown & Restructuring Costs	0.45	0.02	-	-	-	Upgrade
Stock-Based Compensation	-	-	0.21	1.19	1.19	Upgrade
Provision & Write-off of Bad Debts	2.13	1.81	22.38	3.07	1.54	Upgrade
Other Operating Activities	-5.67	1.2	0.55	0.52	0.93	Upgrade
Change in Accounts Receivable	-30.84	36.75	-32.94	-31.68	7.3	Upgrade
Change in Inventory	-	-	-	-	3.48	Upgrade
Change in Accounts Payable	15.37	-12.94	19.99	7.63	-23.38	Upgrade
Change in Unearned Revenue	-2.74	0.21	-8.14	10.48	0.08	Upgrade
Change in Other Net Operating Assets	4.98	-9.7	22.23	7.45	10.94	Upgrade
Operating Cash Flow	-20.85	2.11	-8.39	-5.26	-12.32	Upgrade
Capital Expenditures	-0.02	-0.01	-0.01	-0.26	-	Upgrade
Other Investing Activities	0.03	0.01	0.02	0.02	0.05	Upgrade
Investing Cash Flow	0	0	0	-0.25	0.05	Upgrade
Short-Term Debt Issued	-	-	10	9	9	Upgrade
Long-Term Debt Issued	31.31	21.58	-	-	-	Upgrade
Total Debt Issued	31.31	21.58	10	9	9	Upgrade
Short-Term Debt Repaid	-	-	-9	-9	-5	Upgrade
Long-Term Debt Repaid	-21.92	-15.17	-2.79	-2.66	-1.19	Upgrade
Total Debt Repaid	-21.92	-15.17	-11.79	-11.66	-6.19	Upgrade
Net Debt Issued (Repaid)	9.4	6.41	-1.79	-2.66	2.81	Upgrade
Issuance of Common Stock	6.44	-	8.92	-	-	Upgrade
Other Financing Activities	-1.21	-0.55	-0.67	-0.74	-0.47	Upgrade
Financing Cash Flow	14.63	5.86	6.45	-3.4	2.34	Upgrade
Foreign Exchange Rate Adjustments	-	0.21	-0.43	0.21	0.13	Upgrade
Net Cash Flow	-6.23	8.19	-2.36	-8.7	-9.8	Upgrade
Free Cash Flow	-20.88	2.1	-8.4	-5.52	-12.32	Upgrade
Free Cash Flow Margin	-14.89%	1.79%	-4.74%	-3.25%	-8.55%	Upgrade
Free Cash Flow Per Share	-0.17	0.02	-0.07	-0.06	-0.12	Upgrade
Cash Interest Paid	1.21	0.55	0.67	0.74	0.47	Upgrade
Cash Income Tax Paid	-	0.02	0.03	0.04	0.45	Upgrade
Levered Free Cash Flow	-25.81	6.51	1.47	-2.69	-5.41	Upgrade
Unlevered Free Cash Flow	-25.06	6.85	1.89	-2.23	-5.12	Upgrade
Change in Net Working Capital	17.42	-17.81	-20.29	2.51	-0.49	Upgrade

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