Newborn Town 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	480.31	512.85	130.14	-286.28
Depreciation & Amortization	-	90.08	74.28	57.57	49.01
Other Amortization	-	5.72	5.24	2.01	2.01
Loss (Gain) From Sale of Assets	-	0.65	-	-	-
Loss (Gain) From Sale of Investments	-	13.07	2.13	1.22	5.53
Loss (Gain) on Equity Investments	-	1.73	-206.13	-18.65	0.21
Stock-Based Compensation	-	138.42	44.01	45.85	696.11
Other Operating Activities	1,455	293.93	254.25	138.74	-76.54
Change in Accounts Receivable	-	-103.53	-17.81	-38.05	-20.43
Change in Inventory	-	1.12	-9.01	-	-
Change in Accounts Payable	-	89.56	65.94	-59.36	57.03
Change in Other Net Operating Assets	-	52.11	27.76	53.18	-32.78
Operating Cash Flow	1,455	1,063	753.5	312.65	393.85
Operating Cash Flow Growth	36.82%	41.10%	141.01%	-20.62%	33.21%
Capital Expenditures	-17.74	-8.85	-9.39	-10.9	-4
Sale of Property, Plant & Equipment	0	0.24	0.32	0.03	-
Cash Acquisitions	-49.24	-	215.06	-	-5
Sale (Purchase) of Intangibles	-20.03	-0.55	-0.56	-	-
Investment in Securities	-31.73	-74.61	-14.83	-360.85	-1.13
Other Investing Activities	-134.26	-	-	-	-
Investing Cash Flow	-299.75	-86.77	214.58	-356.56	-55.1
Long-Term Debt Repaid	-55.61	-30.51	-28.71	-12.57	-8.68
Net Debt Issued (Repaid)	-55.61	-30.51	-28.71	-12.57	-8.68
Issuance of Common Stock	8.79	-	-	285.57	-
Repurchase of Common Stock	-236.97	-143.28	-27.69	-12.72	-
Other Financing Activities	-315.01	-144.81	-105.95	-399.87	-21.15
Financing Cash Flow	-598.8	-318.59	-162.34	-139.6	-29.83
Foreign Exchange Rate Adjustments	-46.8	4.45	-16.08	55.61	-15.36
Net Cash Flow	509.32	662.26	789.66	-127.89	293.56
Free Cash Flow	1,437	1,054	744.12	301.74	389.85
Free Cash Flow Growth	36.29%	41.69%	146.61%	-22.60%	32.78%
Free Cash Flow Margin	20.86%	20.71%	22.50%	10.78%	16.52%
Free Cash Flow Per Share	1.08	0.93	0.65	0.26	0.39
Cash Interest Paid	-	5.41	5.95	1.51	-
Cash Income Tax Paid	-	15.58	6.76	0	0.01
Levered Free Cash Flow	207.94	1,329	637.12	-142.53	737.35
Unlevered Free Cash Flow	219.67	1,333	640.84	-141.59	740.99
Change in Working Capital	-	39.26	66.88	-44.23	3.82

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.