Nano Labs Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	-254.35	-254.35	31.12	-174.94	-37.7	-11.03
Depreciation & Amortization	10.18	10.18	9.43	5.53	0.62	0.13
Stock-Based Compensation	0.72	0.72	9.35	0.02	0.21	-
Other Operating Activities	60.88	60.88	184.07	26.74	-	-
Change in Accounts Receivable	-1.73	-1.73	-	1.17	-1.17	-
Change in Inventory	28.78	28.78	-71.45	-233.39	-7.24	-
Change in Accounts Payable	0.9	0.9	10.59	-2.78	0.39	5.23
Change in Unearned Revenue	-16.66	-16.66	-794.3	851.99	45.03	20.37
Change in Other Net Operating Assets	37.82	37.82	346.24	-402.6	-3.18	-6.13
Operating Cash Flow	-133.47	-133.47	-274.94	71.73	-3.03	8.57
Capital Expenditures	-105.48	-105.48	-17.53	-8.69	-0.94	-0.9
Sale (Purchase) of Intangibles	-	-	-49.29	-	-	-0.33
Investment in Securities	-	-	33.64	-32.29	-	-
Other Investing Activities	-	-	-	4.94	-0.71	-3.68
Investing Cash Flow	-105.48	-105.48	-33.18	-36.05	-1.65	-4.92
Short-Term Debt Issued	-	-	-	-	30.26	7.1
Long-Term Debt Issued	128.25	128.25	17.09	-	-	-
Total Debt Issued	128.25	128.25	17.09	-	30.26	7.1
Short-Term Debt Repaid	-	-	-	-36.36	-0.89	-0.11
Long-Term Debt Repaid	-1.53	-1.53	-0.14	-	-	-
Total Debt Repaid	-1.53	-1.53	-0.14	-36.36	-0.89	-0.11
Net Debt Issued (Repaid)	126.72	126.72	16.95	-36.36	29.37	6.99
Issuance of Common Stock	72.8	72.8	144.04	201.25	-	-
Financing Cash Flow	199.52	199.52	161	164.9	29.37	6.99
Foreign Exchange Rate Adjustments	0.16	0.16	1.13	-2.06	-	-
Net Cash Flow	-39.28	-39.28	-145.99	198.52	24.69	10.64
Free Cash Flow	-238.96	-238.96	-292.47	63.04	-3.96	7.67
Free Cash Flow Margin	-305.04%	-305.04%	-29.75%	159.83%	-186.43%	-
Free Cash Flow Per Share	-4.06	-4.06	-5.49	1.40	-0.10	0.19
Cash Interest Paid	3.77	3.77	0.18	-	-	-
Cash Income Tax Paid	-	-	0.09	0.28	0	0
Levered Free Cash Flow	-61.22	-61.22	-238.69	152.25	10.62	-
Unlevered Free Cash Flow	-60.64	-60.64	-238.69	152.57	10.63	-
Change in Net Working Capital	-158.96	-158.96	318.62	-250.74	-33.8	-

Source: S&P Capital IQ. Standard template.