UCloud Technology 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-241.04	-342.72	-413.31	-633.26
Depreciation & Amortization	355.26	398.04	541.82	587.53
Other Amortization	1.47	1.95	4.12	4.73
Loss (Gain) From Sale of Assets	5.05	1.08	-9.39	-13.08
Asset Writedown & Restructuring Costs	3.76	0.02	0.11	0.02
Loss (Gain) From Sale of Investments	8.45	7.88	22.9	9.13
Provision & Write-off of Bad Debts	36.24	56.57	17.6	-9.04
Other Operating Activities	5.66	2.34	13.78	5.05
Change in Accounts Receivable	-57.66	-91.61	137.11	-65.35
Change in Inventory	29.61	-9.92	42.08	18.02
Change in Accounts Payable	-9.62	109.05	-300.22	185.69
Change in Other Net Operating Assets	-12.89	5.47	-1.73	31.23
Operating Cash Flow	122.1	138.02	54.99	120.7
Operating Cash Flow Growth	-11.54%	150.97%	-54.44%	-68.76%
Capital Expenditures	-623.41	-365.71	-459.74	-1,207
Sale of Property, Plant & Equipment	21.13	15.65	211.49	52.05
Investment in Securities	-7.97	11.1	21.52	-123.86
Other Investing Activities	10.79	-0.06	-	-0.31
Investing Cash Flow	-599.46	-339.02	-226.74	-1,279
Long-Term Debt Issued	0.12	5.89	242.09	649.54
Total Debt Issued	0.12	5.89	242.09	649.54
Long-Term Debt Repaid	-39.09	-94.67	-726.02	-22.84
Total Debt Repaid	-39.09	-94.67	-726.02	-22.84
Net Debt Issued (Repaid)	-38.97	-88.78	-483.93	626.7
Issuance of Common Stock	-	-	693	10.01
Repurchase of Common Stock	-	-	-4.13	-
Common Dividends Paid	-3	-5.19	-19.12	-8.44
Other Financing Activities	-9.13	-	2.92	15.81
Financing Cash Flow	-51.1	-93.97	188.75	644.09
Foreign Exchange Rate Adjustments	-0.83	0.08	0.65	-2.86
Net Cash Flow	-529.29	-294.9	17.65	-517.12
Free Cash Flow	-501.31	-227.69	-404.75	-1,086
Free Cash Flow Margin	-33.36%	-15.03%	-20.52%	-37.44%
Free Cash Flow Per Share	-1.10	-0.51	-0.90	-2.57
Cash Income Tax Paid	17.14	10.46	-137.62	-8.74
Levered Free Cash Flow	-553	-72.41	-406.26	-789.09
Unlevered Free Cash Flow	-551.02	-69.64	-397.19	-783.59
Change in Working Capital	-52.76	12.85	-122.65	169.63

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