Unisound AI Technology 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	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-326.63	-452.36	-375.46	-366.01
Depreciation & Amortization	25.98	23.15	19.7	22.02
Other Amortization	4.71	2.7	0.18	0.22
Loss (Gain) From Sale of Assets	-0.93	0.77	-0.3	0.03
Loss (Gain) From Sale of Investments	-1.8	7.5	-12.02	0.35
Loss (Gain) on Equity Investments	-	-	2.62	-1.09
Stock-Based Compensation	-	-	4.53	-
Provision & Write-off of Bad Debts	60.43	48.38	91.39	72.05
Other Operating Activities	96.33	263.47	217.88	171.07
Change in Accounts Receivable	-288.19	-197.42	-133.8	-174.52
Change in Inventory	71.81	-71.45	-37.85	10.06
Change in Accounts Payable	131.1	52.96	-12.73	63.93
Change in Unearned Revenue	-17.95	21.46	8.93	17.9
Change in Other Net Operating Assets	32.24	-18.19	-57.16	18.44
Operating Cash Flow	-212.78	-318.98	-284.12	-165.63
Capital Expenditures	-27.97	-32.89	-62.36	-1.32
Cash Acquisitions	-	-	-0.48	-
Investment in Securities	-57.6	67.76	-65.9	81.85
Investing Cash Flow	-85.57	34.87	-128.74	80.54
Short-Term Debt Issued	346.12	195.38	-	-
Long-Term Debt Issued	-	-	86.39	35
Total Debt Issued	346.12	195.38	86.39	35
Short-Term Debt Repaid	-155	-115	-	-
Long-Term Debt Repaid	-10.71	-13.96	-71.18	-14.86
Total Debt Repaid	-165.71	-128.96	-71.18	-14.86
Net Debt Issued (Repaid)	180.42	66.42	15.21	20.14
Issuance of Common Stock	311.72	-	722	10
Other Financing Activities	-9.17	-5.04	-19.24	-0.59
Financing Cash Flow	482.97	61.38	717.98	29.55
Foreign Exchange Rate Adjustments	0.12	-0.02	-0.02	0.01
Net Cash Flow	184.74	-222.75	305.11	-55.53
Free Cash Flow	-240.75	-351.87	-346.47	-166.94
Free Cash Flow Margin	-19.87%	-37.47%	-47.64%	-27.79%
Free Cash Flow Per Share	-3.43	-5.07	-5.14	-2.62
Cash Interest Paid	7.34	5.04	3.22	0.3
Cash Income Tax Paid	0.01	0.96	1.32	-
Levered Free Cash Flow	-268.83	-461.41	-397.84	-
Unlevered Free Cash Flow	-176.43	-292.07	-264.86	-
Change in Working Capital	-71	-212.64	-232.61	-64.2

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