NaaS Technology 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	-913.48	-1,307	-5,637	-260.46	-77.9
Depreciation & Amortization	15.87	17.03	9.6	6.57	3.54
Loss (Gain) From Sale of Assets	-16.27	-	-	-	-
Loss (Gain) From Sale of Investments	311.8	89.32	-1.75	3.21	0.14
Stock-Based Compensation	160.42	399.08	2,127	10.79	-
Other Operating Activities	-3.25	170.68	3,179	6.42	1.77
Change in Accounts Receivable	91.56	6.45	-90.74	-33.63	-4.82
Change in Inventory	22.82	-36.84	-	-	-
Change in Accounts Payable	-33.65	220.93	-7.16	101.1	34.51
Change in Unearned Revenue	-42.05	56.12	24.02	6.08	0.28
Change in Other Net Operating Assets	232.31	-170.81	-187.83	-59.18	-14.45
Operating Cash Flow	-179.14	-567.6	-586.12	-219.11	-56.94
Capital Expenditures	-	-6.33	-17.13	-0.61	-
Cash Acquisitions	-	-34.05	-	-	-
Investment in Securities	-208.56	-303.52	-144.2	-5	-
Other Investing Activities	6.89	4.28	-	-	-
Investing Cash Flow	-201.67	-339.61	-161.34	-5.61	-
Short-Term Debt Issued	12.32	24.37	-	-	-
Long-Term Debt Issued	292.78	1,027	1,277	-	-
Total Debt Issued	305.1	1,052	1,277	-	-
Short-Term Debt Repaid	-31.34	-2.74	-	-	-
Long-Term Debt Repaid	-161.49	-151.1	-6.83	-1.88	-
Total Debt Repaid	-192.83	-153.85	-6.83	-1.88	-
Net Debt Issued (Repaid)	112.27	898.01	1,270	-1.88	-
Issuance of Common Stock	-	-	-	231.62	58.48
Other Financing Activities	-41	-67.91	-18.16	-0.19	-
Financing Cash Flow	71.27	830.11	1,252	229.54	58.48
Net Cash Flow	-309.54	-77.11	504.86	4.82	1.54
Free Cash Flow	-179.14	-573.93	-603.25	-219.72	-56.94
Free Cash Flow Margin	-89.13%	-245.94%	-649.96%	-656.80%	-923.90%
Free Cash Flow Per Share	-54.48	-203.18	-250.34	-106.69	-27.65
Cash Interest Paid	42.33	32.23	9.54	0.19	-
Levered Free Cash Flow	21.61	-119.97	-4,687	-147.86	-
Unlevered Free Cash Flow	45.37	-100.49	-4,681	-147.18	-
Change in Net Working Capital	-185.4	-103.1	254.88	5.15	-

Updated Nov 20, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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