Skyverse 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	-11.53	140.34	11.97	53.43
Depreciation & Amortization	44.01	33.5	23.89	15.81
Other Amortization	26.07	11.1	8.71	4.88
Loss (Gain) From Sale of Assets	0.01	-0.29	-0.27	0.09
Asset Writedown & Restructuring Costs	2.01	0.49	1.22	9.4
Loss (Gain) From Sale of Investments	-20.12	-10.9	-0.47	-1.76
Stock-Based Compensation	83.21	2.66	2.66	2.6
Provision & Write-off of Bad Debts	9.08	3.3	1.82	0.08
Other Operating Activities	50.05	21.65	15.9	-1.84
Change in Accounts Receivable	-270.18	-25.2	-139.1	-44.87
Change in Inventory	-709.42	-269.85	-336.19	-372.19
Change in Accounts Payable	486.42	40.68	476.96	234.47
Operating Cash Flow	-312.7	-52.04	67.01	-99.89
Capital Expenditures	-265.53	-148.06	-116.98	-61.14
Sale of Property, Plant & Equipment	0.01	0.01	-	-
Investment in Securities	811.18	-1,222	40.56	130
Other Investing Activities	6.78	-25.1	-	2.31
Investing Cash Flow	552.44	-1,395	-76.42	71.17
Short-Term Debt Issued	-	-	206.59	99.43
Long-Term Debt Issued	102.55	134.27	-	-
Total Debt Issued	102.55	134.27	206.59	99.43
Long-Term Debt Repaid	-79.17	-227.97	-159.17	-13.53
Total Debt Repaid	-79.17	-227.97	-159.17	-13.53
Net Debt Issued (Repaid)	23.38	-93.69	47.42	85.9
Issuance of Common Stock	-	1,725	-	-
Common Dividends Paid	-47.67	-3.46	-5.85	-0.61
Other Financing Activities	-0.3	-30.82	-2.41	-1.16
Financing Cash Flow	-24.59	1,597	39.16	84.12
Foreign Exchange Rate Adjustments	-1.45	0.32	-0.73	-0.17
Net Cash Flow	213.7	150.3	29.03	55.23
Free Cash Flow	-578.23	-200.09	-49.97	-161.04
Free Cash Flow Margin	-41.89%	-22.46%	-9.81%	-44.66%
Free Cash Flow Per Share	-2.01	-0.70	-0.21	-0.66
Cash Income Tax Paid	28.58	32.77	-7.11	0.37
Levered Free Cash Flow	-577.45	-379.93	-170.07	-182.87
Unlevered Free Cash Flow	-573.89	-376.56	-165.14	-181.3
Change in Working Capital	-495.48	-253.89	1.58	-182.59

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