HKG:0154 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	286.15	190.95	303.76	215.12
Depreciation & Amortization	223.84	238.67	205.89	159.35
Other Amortization	2.76	1.29	0.43	0.3
Loss (Gain) on Sale of Assets	4.02	0.04	0.25	8.65
Asset Writedown	-	14.78	73.44	99.29
Change in Accounts Receivable	-115.92	-259.47	-6.79	-60.72
Change in Inventory	6.86	-0.9	-3.47	-1.75
Change in Accounts Payable	-116.77	425.95	69.74	-33.96
Change in Unearned Revenue	-5.24	0.91	31.97	-4.9
Change in Other Net Operating Assets	-16.25	-206.32	-169.06	-230.3
Other Operating Activities	118.65	146.95	137.15	11.58
Net Cash from Discontinued Operations	-4.87	2.15	-	-
Operating Cash Flow	401.36	560.01	652.9	167.13
Operating Cash Flow Growth	-28.33%	-14.23%	290.65%	-57.23%
Capital Expenditures	-13.12	-64.16	-40.39	-38.52
Sale of Property, Plant & Equipment	3.36	25.46	1.41	0.16
Divestitures	-53.91	-	-	-
Sale (Purchase) of Intangibles	-322.91	-403.59	-483.58	-568.54
Investment in Securities	-	50.06	45.96	2.27
Other Investing Activities	8.81	32.31	17.75	10.11
Investing Cash Flow	-377.77	-359.92	-458.85	-594.52
Long-Term Debt Issued	377.95	269.47	1,312	571.58
Total Debt Issued	377.95	269.47	1,312	571.58
Long-Term Debt Repaid	-201.38	-1,501	-269.62	-103.54
Total Debt Repaid	-201.38	-1,501	-269.62	-103.54
Net Debt Issued (Repaid)	176.56	-1,232	1,042	468.04
Other Financing Activities	-66.55	-117.58	-114.85	-17.03
Financing Cash Flow	110.01	-1,349	927.23	451.01
Foreign Exchange Rate Adjustments	7.22	29.95	3.77	24.3
Net Cash Flow	140.83	-1,119	1,125	47.92
Free Cash Flow	388.24	495.85	612.51	128.61
Free Cash Flow Growth	-21.70%	-19.05%	376.24%	-62.80%
Free Cash Flow Margin	23.33%	30.76%	27.77%	6.53%
Free Cash Flow Per Share	0.26	0.33	0.41	0.04
Cash Interest Paid	71.33	120.58	114.85	49.7
Cash Income Tax Paid	75.22	83.62	37.67	41.61
Levered Free Cash Flow	27.53	-384.74	-841.67	-305.87
Unlevered Free Cash Flow	96.55	-283.05	-753.7	-270.25
Change in Working Capital	-247.32	-39.84	-77.62	-331.64

Source: S&P Global Market Intelligence. Utility template. Financial Sources.