HKG:0334 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	65.98	13.09	169.03	193.22
Depreciation & Amortization	96.16	82.94	78.83	149.97
Other Amortization	1.66	1.9	1.94	2.11
Loss (Gain) From Sale of Assets	1.19	3.26	-0.09	0.51
Asset Writedown & Restructuring Costs	3.01	0.27	-	-
Stock-Based Compensation	1.55	-	-	-0.71
Provision & Write-off of Bad Debts	0.2	-0.44	0	-0.11
Other Operating Activities	-46.07	-20.89	-37.03	-31.72
Change in Accounts Receivable	-517.35	188.88	95.18	55.15
Change in Inventory	-123.26	-63.72	270.4	192.61
Change in Accounts Payable	786.22	-22.75	-405.97	-54.71
Change in Unearned Revenue	-3.41	-2.77	-1.53	-3.73
Change in Other Net Operating Assets	277.53	-74.02	-41.26	67.78
Operating Cash Flow	543.4	105.75	129.49	600.26
Operating Cash Flow Growth	413.86%	-18.34%	-78.43%	-55.83%
Capital Expenditures	-164.55	-151.15	-169.7	-238.89
Sale of Property, Plant & Equipment	0.79	3.57	0.84	1.54
Cash Acquisitions	-	-	-50.13	-
Divestitures	-	-	-	282.81
Sale (Purchase) of Intangibles	-1.87	-0.8	-1.22	-0.82
Investment in Securities	-352.74	-896.73	6.11	-19
Other Investing Activities	35.56	728.54	-673.2	21.15
Investing Cash Flow	-482.81	-316.58	-887.29	46.79
Long-Term Debt Issued	-	3.16	60.32	73.22
Total Debt Issued	-	3.16	60.32	73.22
Long-Term Debt Repaid	-3.53	-67.08	-92.06	-66.12
Total Debt Repaid	-3.53	-67.08	-92.06	-66.12
Net Debt Issued (Repaid)	-3.53	-63.92	-31.74	7.11
Issuance of Common Stock	-	-	-	0.12
Other Financing Activities	-11.38	-0.65	-1.65	-15.99
Financing Cash Flow	-14.91	-64.58	-33.39	-8.77
Foreign Exchange Rate Adjustments	-6.72	19.61	16.72	-1.56
Net Cash Flow	38.97	-255.79	-774.47	636.72
Free Cash Flow	378.86	-45.4	-40.21	361.37
Free Cash Flow Growth	-	-	-	-68.60%
Free Cash Flow Margin	8.33%	-1.76%	-0.95%	6.19%
Free Cash Flow Per Share	0.18	-0.02	-0.02	0.17
Cash Interest Paid	11.38	0.65	1.65	15.99
Cash Income Tax Paid	20.14	17.31	29.39	39.38
Levered Free Cash Flow	150.78	-827.29	-114.06	288.25
Unlevered Free Cash Flow	157.91	-826.88	-113.03	289.89
Change in Working Capital	419.73	25.63	-83.18	257.1

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.