3Peak 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	-197.22	-34.71	266.81	443.54
Depreciation & Amortization	74.99	81.26	49.89	20.46
Other Amortization	36.23	16.73	4.38	1.29
Loss (Gain) From Sale of Assets	-0.04	-	0	-
Asset Writedown & Restructuring Costs	3.28	0.19	-	-
Loss (Gain) From Sale of Investments	-70.94	-66.82	-67.8	-60.41
Stock-Based Compensation	2.65	35.9	298.37	143.17
Provision & Write-off of Bad Debts	0.03	0.01	-0.01	-0.01
Other Operating Activities	90.25	27.56	6.68	4.15
Change in Accounts Receivable	20.49	21.82	93.38	-342.81
Change in Inventory	23.62	-161.51	-154.37	-77.91
Change in Accounts Payable	81.66	-28.45	30.65	104.2
Change in Unearned Revenue	-	-	0.53	-1.6
Change in Other Net Operating Assets	0.34	-6.67	1.69	6.2
Operating Cash Flow	70.59	-164.9	530.06	241.74
Operating Cash Flow Growth	-	-	119.27%	6.78%
Capital Expenditures	-212.87	-234.32	-184.38	-53.01
Sale of Property, Plant & Equipment	0	0.03	0.01	-
Cash Acquisitions	-579.43	-	-67.57	-35.93
Investment in Securities	644.87	-2,175	1,528	-1,358
Other Investing Activities	77.84	62.85	0.8	-
Investing Cash Flow	-69.59	-2,346	1,277	-1,447
Long-Term Debt Repaid	-25.33	-23.66	-15.19	-
Net Debt Issued (Repaid)	-25.33	-23.66	-15.19	-
Issuance of Common Stock	-	1,815	-	-
Repurchase of Common Stock	-111.8	-	-	-
Common Dividends Paid	-	-24.76	-49.26	-16.96
Other Financing Activities	-1.01	-3.55	89.18	20.49
Financing Cash Flow	-138.15	1,763	24.73	3.53
Foreign Exchange Rate Adjustments	3.66	-0.15	4.72	-0.54
Net Cash Flow	-133.5	-748.12	1,836	-1,202
Free Cash Flow	-142.28	-399.22	345.69	188.73
Free Cash Flow Growth	-	-	83.16%	-6.40%
Free Cash Flow Margin	-11.67%	-36.51%	19.38%	14.23%
Free Cash Flow Per Share	-1.08	-3.22	2.88	1.58
Cash Income Tax Paid	3.51	18.79	89.55	85.46
Levered Free Cash Flow	-27.6	-362.88	282.48	117.78
Unlevered Free Cash Flow	-24.88	-361.12	283.79	118.14
Change in Working Capital	131.35	-225.02	-28.26	-310.45

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