HKG:0360 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	-67.92	-87.32	-48.5	-84.8
Depreciation & Amortization	15.59	10.67	10.87	16.84
Loss (Gain) From Sale of Assets	0.36	-3.42	2.66	-27.09
Asset Writedown & Restructuring Costs	0.04	2.01	1.34	12.77
Loss (Gain) From Sale of Investments	-7.34	0.12	0.12	0.05
Loss (Gain) on Equity Investments	3.51	0	-	-
Provision & Write-off of Bad Debts	30.69	64.74	21	1.86
Other Operating Activities	12.35	17.53	42.07	59.62
Change in Accounts Receivable	21.96	-19.68	55.8	5.88
Change in Inventory	-25.67	28.46	0.51	-8.77
Change in Accounts Payable	3.71	1.8	-19.34	-23.65
Change in Unearned Revenue	-1.98	-226.17	206.83	-24.54
Change in Other Net Operating Assets	71.28	624.86	-494.46	31.37
Operating Cash Flow	56.59	413.6	-221.12	-26.28
Operating Cash Flow Growth	-86.32%	-	-	-
Capital Expenditures	-45.4	-469.49	-9.53	-7.29
Sale of Property, Plant & Equipment	-	4.24	-	-
Divestitures	-	-	-0.02	-0.79
Investment in Securities	-24.56	-227.67	-	-
Other Investing Activities	0.21	7.85	0.42	-17.81
Investing Cash Flow	-69.75	-685.07	-9.13	-25.89
Long-Term Debt Issued	324.04	299.54	263.99	240.06
Long-Term Debt Repaid	-323.23	-305.05	-344.93	-197.18
Total Debt Repaid	-323.23	-305.05	-344.93	-197.18
Net Debt Issued (Repaid)	0.81	-5.52	-80.94	42.88
Issuance of Common Stock	-	-	551.08	-
Other Financing Activities	22.13	84.17	-6.2	-16.28
Financing Cash Flow	22.95	78.66	463.95	26.6
Foreign Exchange Rate Adjustments	0.95	-3.7	2.51	-0.06
Net Cash Flow	10.74	-196.52	236.21	-25.64
Free Cash Flow	11.19	-55.89	-230.65	-33.58
Free Cash Flow Margin	2.16%	-10.06%	-38.98%	-4.61%
Free Cash Flow Per Share	0.00	-0.00	-0.03	-0.01
Cash Interest Paid	22.87	15.83	6.2	16.28
Cash Income Tax Paid	1.54	6.65	2.95	-0.8
Levered Free Cash Flow	-49.73	-38.21	-241.52	-31.19
Unlevered Free Cash Flow	-36.51	-22.45	-222.45	-15.02
Change in Working Capital	69.3	409.26	-250.67	-19.72

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