BASiC Semiconductor 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-335.22	-237.09	-342.2
Depreciation & Amortization	72.84	49.54	38.19
Other Amortization	1.06	0.41	0.44
Loss (Gain) From Sale of Assets	-0.02	-0.08	-0.28
Loss (Gain) From Sale of Investments	0.25	0.25	0.7
Loss (Gain) on Equity Investments	-	-	0.2
Stock-Based Compensation	72.46	32	28.7
Provision & Write-off of Bad Debts	6.58	2.51	3.29
Other Operating Activities	33.05	0.35	22.85
Change in Accounts Receivable	-25.04	-44.37	-65.52
Change in Inventory	-13.67	19.99	22.64
Change in Accounts Payable	32.13	80.23	40.78
Change in Unearned Revenue	-6.43	19.45	12.8
Change in Other Net Operating Assets	50.28	51.55	115.35
Operating Cash Flow	-111.51	-24.07	-119.68
Capital Expenditures	-93.52	-36.61	-145.97
Sale of Property, Plant & Equipment	2.13	-	0
Sale (Purchase) of Intangibles	-3.09	-	-
Sale (Purchase) of Real Estate	-15.86	-	-
Investment in Securities	0.13	0.1	4.78
Investing Cash Flow	-110.21	-36.51	-141.2
Short-Term Debt Issued	215.53	109.02	46.56
Long-Term Debt Issued	444.67	259.07	173.61
Total Debt Issued	660.2	368.09	220.17
Short-Term Debt Repaid	-271.99	-91.85	-8.28
Long-Term Debt Repaid	-398.01	-203.72	-110.99
Total Debt Repaid	-670	-295.57	-119.27
Net Debt Issued (Repaid)	-9.81	72.51	100.9
Issuance of Common Stock	150	10	95.75
Other Financing Activities	135.03	-11.09	-5.3
Financing Cash Flow	275.22	71.43	191.35
Foreign Exchange Rate Adjustments	-0.2	-0.27	0.35
Net Cash Flow	53.31	10.58	-69.18
Free Cash Flow	-205.03	-60.68	-265.66
Free Cash Flow Margin	-65.89%	-20.29%	-120.43%
Free Cash Flow Per Share	-0.78	-0.23	-0.97
Cash Interest Paid	11.01	9	5.57
Cash Income Tax Paid	0.53	-	0
Levered Free Cash Flow	-203.86	38.72	-
Unlevered Free Cash Flow	-188.91	50.42	-
Change in Working Capital	37.5	128.05	128.45