iHuman 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	98.59	180.91	109.82	-37.05
Depreciation & Amortization	13.66	11.69	10.83	6.42
Stock-Based Compensation	2.82	9.44	13.04	15.18
Provision & Write-off of Bad Debts	-0.36	0.52	5.03	0.23
Other Operating Activities	2.37	9.92	23.77	23.2
Change in Accounts Receivable	9.23	18.29	-28.51	21.61
Change in Inventory	-7.24	3.03	6.72	-12.62
Change in Accounts Payable	8.05	-2.08	-6.33	8.99
Change in Unearned Revenue	-35.37	-60.48	76.08	34.37
Change in Other Net Operating Assets	-33.21	0.88	-21.99	-22.09
Operating Cash Flow	58.55	172.12	188.47	38.21
Operating Cash Flow Growth	-65.99%	-8.67%	393.19%	-82.86%
Capital Expenditures	-7.45	-6.51	-6.59	-32.28
Sale of Property, Plant & Equipment	-	-	0.08	0.33
Investment in Securities	-45.32	-	-26.33	-
Investing Cash Flow	-52.76	-6.51	-32.84	-31.95
Issuance of Common Stock	0.05	0.09	0	0.48
Repurchase of Common Stock	-9.63	-9.54	-6.96	-0.16
Common Dividends Paid	-35.27	-	-	-
Other Financing Activities	-57.43	-	-	0.1
Financing Cash Flow	-102.28	-9.45	-6.96	0.41
Foreign Exchange Rate Adjustments	6.02	7.6	45.97	-12.99
Net Cash Flow	-90.48	163.77	194.64	-6.32
Free Cash Flow	51.1	165.61	181.88	5.93
Free Cash Flow Growth	-69.15%	-8.94%	2966.57%	-97.14%
Free Cash Flow Margin	5.54%	16.27%	18.45%	0.63%
Free Cash Flow Per Share	0.94	3.02	3.37	0.11
Cash Income Tax Paid	21.81	23.28	8.36	0.46
Levered Free Cash Flow	10.63	83.57	139.78	15.89
Unlevered Free Cash Flow	10.63	83.57	139.78	15.89
Change in Working Capital	-58.54	-40.35	25.97	30.25

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

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