HKG:0460 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	-216.66	-54.02	-1,915	416.51
Depreciation & Amortization	228.34	211.88	338.77	278.97
Other Amortization	30.09	14.35	31.03	30.4
Loss (Gain) From Sale of Assets	-5.22	-7.38	-200.07	-56.82
Asset Writedown & Restructuring Costs	-	-	1,338	131.3
Loss (Gain) From Sale of Investments	-27.11	-153.02	279.36	-8.44
Loss (Gain) on Equity Investments	15.23	53.62	80.88	158.58
Stock-Based Compensation	418.02	89.08	89.67	59.35
Provision & Write-off of Bad Debts	6.35	-7.95	28.44	36.51
Other Operating Activities	-191.62	-58.19	-206.31	-124.57
Change in Accounts Receivable	-268.55	265.79	-163.68	-245.24
Change in Inventory	130.78	37.74	-60.44	-226.81
Change in Accounts Payable	-3.77	-198.81	415.54	195.75
Change in Unearned Revenue	128.01	6.38	-46.03	29.77
Operating Cash Flow	243.89	199.49	46.49	665.29
Operating Cash Flow Growth	22.26%	329.07%	-93.01%	192.91%
Capital Expenditures	-70.71	-125.35	-402.46	-601.02
Sale of Property, Plant & Equipment	3.71	15.54	14.35	3.13
Cash Acquisitions	-	-	-	-153.38
Divestitures	-	14.93	88.45	-
Sale (Purchase) of Intangibles	-109.07	-170.04	-187.49	-124.57
Sale (Purchase) of Real Estate	-95.1	-1.3	-	-
Investment in Securities	787.04	376.63	-1,190	151.15
Other Investing Activities	171.65	94.65	38.22	376.39
Investing Cash Flow	758.24	169.88	-1,661	-337.57
Long-Term Debt Issued	350.5	385.59	480.32	836.08
Long-Term Debt Repaid	-649.98	-416.97	-328.05	-545.63
Net Debt Issued (Repaid)	-299.48	-31.38	152.27	290.46
Issuance of Common Stock	-	-	-	2.74
Repurchase of Common Stock	-20.3	-33.81	-	-206.41
Common Dividends Paid	-177.08	-298.56	-130.62	-122.89
Other Financing Activities	-761.55	-55.81	924.32	786.76
Financing Cash Flow	-1,258	-419.56	-238.93	750.66
Net Cash Flow	-256.28	-50.2	-1,854	1,078
Free Cash Flow	173.18	74.14	-355.97	64.28
Free Cash Flow Growth	133.59%	-	-	-
Free Cash Flow Margin	9.11%	3.98%	-16.32%	2.11%
Free Cash Flow Per Share	0.02	0.01	-0.04	0.01
Cash Interest Paid	43.46	53.98	55.68	27.93
Cash Income Tax Paid	88.92	83.8	156.98	203.53
Levered Free Cash Flow	-831.54	1,323	-532.22	-242.96
Unlevered Free Cash Flow	-659.71	1,491	-400.23	-169.61
Change in Working Capital	-13.52	111.1	145.4	-246.53

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