Ninebot 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	1,084	597.99	451.31	410.6
Depreciation & Amortization	193.96	189.28	158.61	132.77
Other Amortization	44.2	36.17	29.65	5.68
Loss (Gain) From Sale of Assets	3.21	0.79	3.47	-41.66
Loss (Gain) From Sale of Investments	-21.27	-99.5	-54.52	-142.86
Stock-Based Compensation	138.46	119.4	101.54	161.57
Provision & Write-off of Bad Debts	11	1.02	18.23	11.11
Other Operating Activities	38.11	75.29	113.65	90.29
Change in Accounts Receivable	-	-	-308.78	-94.88
Change in Inventory	-730.86	629.96	415.4	-1,096
Change in Accounts Payable	3,480	947.23	1,015	369.21
Change in Other Net Operating Assets	-891.67	-206.46	-348.78	61.04
Operating Cash Flow	3,354	2,319	1,589	-161.45
Operating Cash Flow Growth	44.59%	45.96%	-	-
Capital Expenditures	-546.38	-826.7	-433.2	-266.35
Sale of Property, Plant & Equipment	1.54	17.44	0.31	27.22
Divestitures	-	-0.64	-	-
Investment in Securities	-1,947	339.3	-259.27	158.68
Other Investing Activities	29.19	16.56	30.11	72.15
Investing Cash Flow	-2,462	-454.04	-662.05	-8.3
Long-Term Debt Issued	-	-	133.98	20
Total Debt Issued	-	-	133.98	20
Long-Term Debt Repaid	-32.29	-19.95	-157.67	-334.28
Total Debt Repaid	-32.29	-19.95	-157.67	-334.28
Net Debt Issued (Repaid)	-32.29	-19.95	-23.69	-314.28
Issuance of Common Stock	19.18	48.22	21.58	11.7
Repurchase of Common Stock	-300.04	-200	-	-
Common Dividends Paid	-199.88	-	-0.65	-3.96
Other Financing Activities	-	24.81	52.53	2.14
Financing Cash Flow	-513.03	-146.92	49.76	-304.4
Foreign Exchange Rate Adjustments	14.63	22.86	41.33	-35.96
Net Cash Flow	393.11	1,741	1,018	-510.11
Free Cash Flow	2,807	1,493	1,156	-427.8
Free Cash Flow Growth	88.06%	29.14%	-	-
Free Cash Flow Margin	19.78%	14.60%	11.42%	-4.68%
Free Cash Flow Per Share	3.54	1.88	1.47	-0.56
Cash Income Tax Paid	141.57	45.62	-302.94	98.24
Levered Free Cash Flow	3,483	1,525	1,526	-422.47
Unlevered Free Cash Flow	3,484	1,530	1,529	-419.52
Change in Working Capital	1,862	1,399	767.15	-788.96

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