AIFU Inc. 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	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	309.47	289.1	85.72	259.94	276.18
Depreciation & Amortization	29.31	34.05	19.47	18.39	17.94
Stock-Based Compensation	38.59	17.1	0.46	-	-0.39
Other Adjustments	-257.66	-77.3	118.5	40.68	20.88
Change in Receivables	-195.61	205.44	35.77	-36.59	167.36
Changes in Accounts Payable	-143.27	-363.7	14.72	-38.47	12.02
Changes in Accrued Expenses	266.33	353.11	95.61	145.84	-28.08
Changes in Income Taxes Payable	-24.07	-29.95	-0.26	-15.88	-9.27
Changes in Other Operating Activities	119.76	-326.06	-232.24	-247.7	-54.34
Operating Cash Flow	142.85	101.79	137.75	126.2	402.3
Operating Cash Flow Growth	40.34%	-26.11%	9.16%	-68.63%	125.60%
Capital Expenditures	-8.45	-13	-77.75	-30.79	-15.25
Sale of Property, Plant & Equipment	3.12	3.05	3.8	1.03	0.32
Purchases of Investments	-1,847	-4,535	-3,090	-8,184	-7,948
Proceeds from Sale of Investments	2,150	4,226	3,240	8,647	8,288
Payments for Business Acquisitions	-	18.45	-21.57	-	-
Proceeds from Business Divestments	-50.39	-	-	-	-
Other Investing Activities	-683.8	66.56	-181.3	17.99	0
Investing Cash Flow	-436.59	-234.31	-127.56	450.4	325.34
Long-Term Debt Issued	134.98	182.3	35.68	-	-
Long-Term Debt Repaid	-164.3	-62.79	-	-242.52	-
Net Long-Term Debt Issued (Repaid)	-29.32	119.51	35.68	-242.52	-
Issuance of Common Stock	0.09	-	-	-	-
Repurchase of Common Stock	-5.74	-40.56	-3.98	-10.2	-
Net Common Stock Issued (Repurchased)	-5.64	-40.56	-3.98	-10.2	-
Common Dividends Paid	-29.5	-	-52.07	-7.58	-388.5
Other Financing Activities	0.08	7.22	0	-	-250.31
Financing Cash Flow	-64.39	86.18	-20.37	-260.3	-638.81
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.87	0.14	1.87	-9.88	-4.33
Net Cash Flow	-358.13	-46.35	-10.18	316.3	88.83
Free Cash Flow	134.4	88.79	60.01	95.41	387.05
Free Cash Flow Growth	51.37%	47.97%	-37.11%	-75.35%	143.98%
FCF Margin	7.43%	2.78%	2.16%	2.92%	11.84%
Free Cash Flow Per Share	1004.36	659.70	446.78	710.52	2882.27
Levered Free Cash Flow	665.25	54.45	-44.5	-160.14	191.27
Unlevered Free Cash Flow	-90.83	-183.09	-66.36	55.28	155.12

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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