High Templar Tech 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	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	91.73	39.13	-361.96	589.07	958.82
Depreciation & Amortization	55.47	41.27	64.33	99.47	43.95
Loss (Gain) From Sale of Assets	0.69	2.57	8.23	0.26	-
Asset Writedown & Restructuring Costs	1.57	5.8	268.93	156.39	20
Loss (Gain) From Sale of Investments	3.51	0.2	99.65	7.42	-45.48
Loss (Gain) on Equity Investments	4.05	-3.21	-14	221.8	370.04
Stock-Based Compensation	2.26	4.94	24.05	35.34	45.63
Provision & Write-off of Bad Debts	0.11	0.2	-0.03	-0.09	-3.09
Other Operating Activities	-55.99	-121.49	110.15	43.37	-375.6
Change in Accounts Receivable	-8.47	-26.08	72.04	165.07	2,977
Change in Other Net Operating Assets	-203.07	415.77	183.12	-309.71	-3,057
Operating Cash Flow	-111	352.02	260.87	922.07	2,472
Operating Cash Flow Growth	-	34.94%	-71.71%	-62.70%	-55.09%
Capital Expenditures	-318	-565.03	-273.63	-478.43	-221.79
Investment in Securities	-800.91	3,490	487.19	-1,060	-5,752
Other Investing Activities	-1,225	964.57	-902.17	-629.59	-
Investing Cash Flow	-2,344	3,895	1,885	-246.58	-3,270
Long-Term Debt Issued	720	-	-	42.9	102.42
Total Debt Issued	720	-	-	42.9	102.42
Long-Term Debt Repaid	-	-145.31	-689.12	-119.37	-1,898
Total Debt Repaid	-	-145.31	-689.12	-119.37	-1,898
Net Debt Issued (Repaid)	720	-145.31	-689.12	-76.47	-1,796
Issuance of Common Stock	-	0	0	0	0
Repurchase of Common Stock	-533.16	-420.66	-145.87	-	-15.53
Other Financing Activities	-	-	-	-7.72	219.79
Financing Cash Flow	186.84	-565.97	-834.99	-84.19	-1,591
Foreign Exchange Rate Adjustments	46.24	12.54	18.62	-20.84	-56.19
Net Cash Flow	-2,222	3,694	1,329	570.46	-2,446
Free Cash Flow	-429	-213.01	-12.76	443.63	2,250
Free Cash Flow Growth	-	-	-	-80.28%	-58.54%
Free Cash Flow Margin	-198.22%	-168.60%	-2.43%	27.96%	62.23%
Free Cash Flow Per Share	-2.29	-0.96	-0.05	1.67	8.20
Cash Interest Paid	-	-	1.71	7.72	26.08
Cash Income Tax Paid	144.22	43.37	59.11	137.55	638.41
Levered Free Cash Flow	-2,794	909.55	1,833	1,134	7,041
Unlevered Free Cash Flow	-2,794	909.55	1,833	1,134	7,041
Change in Working Capital	-211.54	387.57	276.01	-19.35	52.28

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