CloudWalk 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	-695.69	-643.46	-868.93	-632.13
Depreciation & Amortization	74.45	87.89	134.32	133.87
Other Amortization	48.2	9.6	16.87	26.75
Loss (Gain) From Sale of Assets	1.09	-0.01	2.56	-2.23
Asset Writedown & Restructuring Costs	32.64	0	0.27	-
Loss (Gain) From Sale of Investments	-11.14	-8.49	-17.13	-14.55
Provision & Write-off of Bad Debts	73.73	88.71	132.56	36.65
Other Operating Activities	21.97	33.47	-16.55	0.22
Change in Accounts Receivable	-37.9	-81.23	-100.26	-279.92
Change in Inventory	-16.26	29.11	77.97	-50.41
Change in Accounts Payable	10.7	77.86	-148.09	57.56
Change in Other Net Operating Assets	194.04	164.12	163.39	177.4
Operating Cash Flow	-307.05	-239.75	-623	-546.8
Capital Expenditures	-77.54	-211.34	-63.26	-48.69
Sale of Property, Plant & Equipment	0.12	0.02	0.03	3.62
Investment in Securities	207	556.3	-781.95	306.6
Other Investing Activities	9.64	9.83	17.98	17.26
Investing Cash Flow	139.23	354.81	-827.2	278.79
Long-Term Debt Issued	477.88	657.27	1,114	501.84
Total Debt Issued	477.88	657.27	1,114	501.84
Long-Term Debt Repaid	-672.4	-980.97	-696.35	-368.47
Total Debt Repaid	-672.4	-980.97	-696.35	-368.47
Net Debt Issued (Repaid)	-194.52	-323.7	417.32	133.37
Issuance of Common Stock	-	-	1,728	-
Common Dividends Paid	-13.59	-16.8	-17.19	-10.68
Other Financing Activities	314.16	-29.41	-329.22	-30.73
Financing Cash Flow	106.05	-369.9	1,799	91.95
Foreign Exchange Rate Adjustments	-	0	0.01	-0.01
Net Cash Flow	-61.78	-254.84	348.78	-176.07
Free Cash Flow	-384.59	-451.09	-686.26	-595.49
Free Cash Flow Margin	-96.71%	-71.81%	-130.37%	-55.37%
Free Cash Flow Per Share	-0.37	-0.43	-0.70	-0.68
Cash Interest Paid	-	0.37	0.19	1.95
Cash Income Tax Paid	2.08	8.63	-6.81	12.22
Levered Free Cash Flow	-243.64	-312.93	-400.13	-467.8
Unlevered Free Cash Flow	-235.06	-301.54	-383.36	-458.83
Change in Working Capital	147.71	192.55	-6.97	-95.37

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.