The9 Limited (NCTY)

The9 Limited Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	20	-974.86	-411.23	396.69	-177.8
Depreciation & Amortization	91.84	96.49	51.33	1.15	3.19
Share-Based Compensation	70.76	202.35	150.17	55.06	21.75
Other Operating Activities	-228.92	521.98	-494.55	-560.34	98.68
Operating Cash Flow	-46.32	-154.04	-704.29	-106.25	-54.18
Capital Expenditures	-2.11	-248.41	-63.9	-0.18	1.85
Acquisitions	-0.09	0	-0.24	443.94	-34.88
Change in Investments	6.92	-1.18	-61.35	-5.5	93.91
Investing Cash Flow	4.73	-249.6	-125.48	438.26	60.88
Share Issuance / Repurchase	0	0	1,011	47.43	0
Debt Issued / Paid	32.2	33.03	155.21	-358.12	40.92
Other Financing Activities	-	-	60.75	-	-
Financing Cash Flow	32.2	33.03	1,227	-310.69	40.92
Exchange Rate Effect	-3.46	0.25	-0.95	0.26	1.26
Net Cash Flow	-12.84	-370.36	396.72	21.58	5.86
Free Cash Flow	-48.43	-402.45	-768.18	-106.43	-52.32
Free Cash Flow Margin	-27.05%	-372.45%	-566.60%	-17015.49%	-15322.04%
Free Cash Flow Per Share	-14.37	-167.63	-465.28	-195.16	-147.52

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).