YQ 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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-154.42	-192.93	-311.78	-177.87	-1,442
Depreciation & Amortization	10	12.28	16.17	24.73	64.76
Stock-Based Compensation	30.83	61.92	83.7	129.56	195.21
Other Adjustments	5	22.39	35.92	43.44	222.09
Change in Receivables	25.2	-20.58	-31.17	-36.43	-
Changes in Accrued Expenses	18.86	-23.03	-23.74	-233.12	-127.43
Changes in Unearned Revenue	125.54	-4.55	2.56	-201.49	-354.41
Changes in Other Operating Activities	-23.68	5.28	16.27	-12.73	-65
Operating Cash Flow	37.33	-139.22	-212.08	-463.93	-1,507
Capital Expenditures	-6.86	-9.37	-26.59	-2.76	-129.36
Sale of Property, Plant & Equipment	0.62	0.31	15.67	13.36	11.75
Purchases of Investments	-1,083	-4.31	-169.76	-19.53	-
Proceeds from Sale of Investments	1,047	48.96	19.53	-	-
Investing Cash Flow	-41.6	35.59	-161.14	-8.93	-117.6
Issuance of Common Stock	28.98	22.4	0.04	0.09	10.51
Repurchase of Common Stock	-3.52	-1.07	-51.39	-33.95	-
Net Common Stock Issued (Repurchased)	25.46	21.33	-51.36	-33.86	10.51
Other Financing Activities	-	-	-	-	-9.56
Financing Cash Flow	25.46	21.33	-51.36	-33.86	0.95
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-8.88	9.56	13.38	43.94	-30.89
Net Cash Flow	12.3	-72.74	-411.2	-462.77	-1,654
Free Cash Flow	30.46	-148.59	-238.67	-466.69	-1,636
FCF Margin	28.73%	-78.53%	-139.60%	-87.88%	-74.89%
Free Cash Flow Per Share	3.04	-18.48	-26.02	-46.41	-165.57
Levered Free Cash Flow	-30.56	-212.31	-327.11	-603.25	-2,053
Unlevered Free Cash Flow	-39.7	-233.2	-358.08	-636.53	-2,085

SEC Filings: 10-K · 10-Q