Newlink Technology 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	-92.46	-69.16	17.49	13.05
Depreciation & Amortization	9.07	10.45	6.96	5.32
Other Amortization	51.65	43.25	19.43	7.4
Loss (Gain) From Sale of Assets	0.02	0	-	-
Loss (Gain) From Sale of Investments	9.49	-1.94	-14.02	-
Loss (Gain) on Equity Investments	-0.23	-0.18	-1.03	-0.02
Provision & Write-off of Bad Debts	1.6	25.71	9.39	5.23
Other Operating Activities	-10.35	-10.5	3.51	2.67
Change in Accounts Receivable	68.77	-40.9	-52.01	-99.89
Change in Inventory	0.34	0.08	1.17	-
Change in Accounts Payable	-10.95	48.08	0.81	5.39
Change in Unearned Revenue	1.24	4.44	-0.88	-0.76
Change in Other Net Operating Assets	-4.16	1.75	23.18	-42.6
Operating Cash Flow	24.01	11.07	14	-104.22
Operating Cash Flow Growth	116.87%	-20.89%	-	-
Capital Expenditures	-0.84	-24.95	-3.33	-3.05
Sale of Property, Plant & Equipment	0.11	-	0.01	-
Cash Acquisitions	-	-	-58.36	-
Divestitures	-	-	-5.08	-
Sale (Purchase) of Intangibles	-29.46	-35.56	-86.02	-40.09
Investment in Securities	-31.78	-	-5.39	-6.28
Other Investing Activities	9.08	8.94	-	-
Investing Cash Flow	-52.89	-51.57	-158.16	-49.41
Short-Term Debt Issued	20	8.01	15	5
Total Debt Issued	20	8.01	15	5
Short-Term Debt Repaid	-8.01	-19	-5	-15
Long-Term Debt Repaid	-6.63	-6.44	-4.77	-4.6
Total Debt Repaid	-14.64	-25.44	-9.77	-19.6
Net Debt Issued (Repaid)	5.36	-17.43	5.23	-14.6
Issuance of Common Stock	39.66	-	-	726.64
Repurchase of Common Stock	-1.25	-1.25	-	-24.37
Common Dividends Paid	-0.02	-29.06	-	-
Other Financing Activities	-4.24	-0.07	1	-67.77
Financing Cash Flow	39.52	-47.82	6.23	619.9
Foreign Exchange Rate Adjustments	7.15	4.52	27.92	-11.14
Net Cash Flow	17.78	-83.79	-110.01	455.13
Free Cash Flow	23.18	-13.88	10.67	-107.27
Free Cash Flow Margin	8.31%	-5.65%	4.09%	-52.13%
Free Cash Flow Per Share	0.03	-0.02	0.01	-0.14
Cash Interest Paid	0.72	0.07	1.28	1.15
Cash Income Tax Paid	0.02	1.16	3.06	4.68
Levered Free Cash Flow	52.79	-28.13	-108.1	-152.96
Unlevered Free Cash Flow	54.02	-27.31	-107.3	-152.25
Change in Working Capital	55.24	13.45	-27.73	-137.86

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