Chenqi Technology Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-357.47	-564.18	-692.79	-626.78	-684.63
Depreciation & Amortization	30.67	34.54	30.09	20.76	13.94
Other Amortization	8.57	8.57	5.11	2.01	0.63
Loss (Gain) From Sale of Assets	0.05	0.05	-	-	3.32
Stock-Based Compensation	13.69	13.69	26.39	33.17	16.01
Other Operating Activities	-68.36	53.03	86.53	52.64	-9.61
Change in Accounts Receivable	-8.55	-8.55	-5.78	-8.35	2.83
Change in Inventory	15.87	15.87	-11.17	-7.14	0.01
Change in Accounts Payable	-11.33	-11.33	20.1	5.23	31.86
Change in Unearned Revenue	1.53	1.53	0.7	-17.43	-0.13
Change in Other Net Operating Assets	-73.1	-73.1	-42.29	-119.92	182.79
Operating Cash Flow	-448.43	-529.88	-583.13	-665.82	-442.98
Capital Expenditures	-10.42	-6.15	-20.3	-38.26	-17.43
Sale (Purchase) of Intangibles	-1.2	-1.15	-21.38	-11.61	-3.58
Other Investing Activities	30.84	20.44	14.5	12.26	10.85
Investing Cash Flow	-485.83	13.14	-27.19	-37.61	-10.17
Long-Term Debt Issued	-	20	478.6	707.5	10
Short-Term Debt Repaid	-	-842.27	-667.5	-	-
Long-Term Debt Repaid	-	-55.32	-40.52	-19.61	-4.17
Total Debt Repaid	-32.16	-897.59	-708.02	-19.61	-4.17
Net Debt Issued (Repaid)	-12.16	-877.59	-229.42	687.9	5.83
Issuance of Common Stock	945.6	1,790	680.02	1.9	-
Other Financing Activities	-2.54	-5.21	114.71	243.12	-1.31
Financing Cash Flow	930.9	906.96	673.01	1,159	4.53
Foreign Exchange Rate Adjustments	2.49	13.54	-3.5	10.95	-
Net Cash Flow	-0.87	403.76	59.19	466.69	-448.62
Free Cash Flow	-458.86	-536.03	-603.43	-704.08	-460.41
Free Cash Flow Margin	-14.79%	-21.76%	-27.92%	-51.45%	-45.43%
Free Cash Flow Per Share	-2.36	-3.80	-6.71	-7.82	-5.12
Cash Interest Paid	1.4	1.78	2.62	2.6	1.15
Levered Free Cash Flow	-299.8	-292.92	-641.34	-241.26	-
Unlevered Free Cash Flow	-298.94	-291.82	-639.71	-239.61	-
Change in Working Capital	-75.58	-75.58	-38.45	-147.61	217.36

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