Yimutian Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-47.38	-34.94	-105.62
Depreciation & Amortization	1.09	1.45	2.02
Stock-Based Compensation	-	-	51.44
Other Adjustments	1.7	0.4	2.64
Change in Receivables	-0.23	-0.87	3.9
Changes in Inventories	-2.06	-0.24	-
Changes in Accounts Payable	0.82	1.13	0.46
Changes in Accrued Expenses	6.49	-10.99	8.59
Changes in Unearned Revenue	-11.5	-12	9.23
Changes in Other Operating Activities	1.89	-5.39	9.39
Operating Cash Flow	-49.18	-61.44	-17.96
Capital Expenditures	-0.85	-0.35	-2.07
Purchases of Investments	-	0.5	-1.16
Investing Cash Flow	-0.85	0.15	-3.23
Short-Term Debt Issued	18.5	10	-
Short-Term Debt Repaid	-11.13	-	-2
Net Short-Term Debt Issued (Repaid)	7.38	10	-2
Long-Term Debt Issued	46.99	28.32	14.2
Long-Term Debt Repaid	-8.7	-8.37	-7.19
Net Long-Term Debt Issued (Repaid)	38.29	19.95	7.01
Issuance of Common Stock	116.03	-	-
Net Common Stock Issued (Repurchased)	116.03	-	-
Issuance of Preferred Stock	-	1	7.75
Net Preferred Stock Issued (Repurchased)	-	1	7.75
Other Financing Activities	-6.41	29.43	5.79
Financing Cash Flow	155.29	60.37	18.55
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.46	-0.14	-0.22
Net Cash Flow	106.71	-1.06	-2.86
Free Cash Flow	-50.03	-61.79	-20.03
FCF Margin	-35.57%	-38.30%	-10.68%
Free Cash Flow Per Share	-13.99	-50.36	-18.76
Levered Free Cash Flow	-5.11	-119.61	-148.51
Unlevered Free Cash Flow	-45.91	-60.4	-72.1

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