High Templar Tech Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	708.63	91.73	39.13	-362.05	585.93
Depreciation & Amortization	66.82	55.47	41.27	64.33	99.47
Stock-Based Compensation	-	2.26	4.94	24.05	35.34
Other Adjustments	-126.75	-48.91	-123.01	279.39	345.96
Change in Receivables	29.2	-8.47	-26.08	72.04	165.07
Changes in Other Operating Activities	9.16	-203.07	415.77	183.12	-309.71
Operating Cash Flow	687.06	-111	352.02	260.87	922.07
Operating Cash Flow Growth	-	-	34.94%	-71.71%	-62.70%
Capital Expenditures	-116.62	-318	-565.03	-273.63	-478.43
Sale of Property, Plant & Equipment	174.5	0.98	4.7	7.9	0.15
Purchases of Investments	-14,160	-11,572	-19,317	-19,561	-34,496
Proceeds from Sale of Investments	14,602	10,795	22,724	22,591	35,358
Other Investing Activities	345.91	-1,251	1,048	-880.07	-629.74
Investing Cash Flow	845.44	-2,344	3,895	1,885	-246.58
Short-Term Debt Issued	1,576	720	-	-	-
Net Short-Term Debt Issued (Repaid)	1,576	720	-	-	-
Long-Term Debt Issued	-	-	-	-	42.9
Long-Term Debt Repaid	-720	-	-145.31	-689.13	-119.37
Net Long-Term Debt Issued (Repaid)	-720	-	-145.31	-689.13	-76.47
Issuance of Common Stock	0.1	-	0	0	0
Repurchase of Common Stock	-300.51	-533.16	-420.66	-145.87	-
Net Common Stock Issued (Repurchased)	-300.41	-533.16	-420.66	-145.87	0
Other Financing Activities	-	-	-	-	-7.72
Financing Cash Flow	555.59	186.84	-565.97	-834.99	-84.19
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-76.55	46.24	12.54	18.62	-20.84
Net Cash Flow	2,012	-2,222	3,694	1,329	570.46
Free Cash Flow	570.44	-429	-213.01	-12.76	443.63
Free Cash Flow Growth	-	-	-	-	-80.28%
FCF Margin	1392.56%	-198.22%	-168.60%	-2.21%	26.82%
Free Cash Flow Per Share	3.42	-2.28	-0.96	-0.05	1.67
Levered Free Cash Flow	1,543	350.17	-217.37	-1,077	-176.07
Unlevered Free Cash Flow	-422.51	-645.04	-235.64	-468.64	-49.93

Updated Mar 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.