STFS Cash Flow Statement

Financials in millions CNY. Fiscal year is July - June.

Millions CNY. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022
Net Income	-130.83	11.21	7.82	2.49
Depreciation & Amortization	-	0.12	0.46	0.45
Stock-Based Compensation	119.6	-	-	-
Provision & Write-off of Bad Debts	9.13	-0.34	5.22	2.85
Other Operating Activities	1.22	0.09	-1.3	-
Change in Accounts Receivable	-11.44	-26.01	-9.14	4.65
Change in Inventory	-17.87	16.5	-10.12	-19.57
Change in Accounts Payable	-1.01	0.98	2.83	-7.36
Change in Unearned Revenue	0.26	1.22	-25.61	24.19
Change in Income Taxes	-0.02	3.63	3.91	-0.18
Change in Other Net Operating Assets	2.56	-0.16	-3.67	-7.25
Operating Cash Flow	-28.4	7.23	-29.61	0.26
Investment in Securities	-14.35	-	-	-
Investing Cash Flow	-14.35	-	-	-
Short-Term Debt Issued	4.55	5	37.6	8
Total Debt Issued	4.55	5	37.6	8
Short-Term Debt Repaid	-4.97	-37.52	-7.98	-8.4
Total Debt Repaid	-4.97	-37.52	-7.98	-8.4
Net Debt Issued (Repaid)	-0.42	-32.52	29.62	-0.4
Issuance of Common Stock	47.37	31.5	-	-
Other Financing Activities	-4.98	-5.01	-	-
Financing Cash Flow	41.97	-6.03	29.62	-0.4
Net Cash Flow	-0.78	1.2	0.01	-0.14
Cash Interest Paid	0.21	0.2	0.45	0.44
Cash Income Tax Paid	0.03	0.02	0.01	0.01
Levered Free Cash Flow	12.46	-0.18	-27.62	-
Unlevered Free Cash Flow	12.46	-0.04	-27.34	-
Change in Working Capital	-27.51	-3.84	-41.8	-5.52

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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