HKG:0600 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-860.92	-752.79	-611.57
Depreciation & Amortization	132.94	70.5	48.51
Other Amortization	19.26	15.47	15.26
Loss (Gain) From Sale of Assets	0.13	-0.1	-
Loss (Gain) From Sale of Investments	-0.42	-21.45	-23.56
Loss (Gain) on Equity Investments	-	4.66	-
Stock-Based Compensation	51.48	42.87	36.1
Other Operating Activities	207.76	170.54	131.91
Change in Accounts Receivable	-42.84	-126.26	-26.34
Change in Inventory	-76.55	76.27	-49.92
Change in Accounts Payable	39.22	-5.76	16.64
Change in Unearned Revenue	-6.52	-2.48	-1.8
Change in Other Net Operating Assets	-61.07	68.29	17.35
Operating Cash Flow	-597.53	-460.24	-447.42
Capital Expenditures	-46.21	-107.7	-47.44
Sale of Property, Plant & Equipment	0.01	0.53	-
Cash Acquisitions	-50	92.84	-
Investment in Securities	120.59	135.31	168.34
Other Investing Activities	-	-0.25	-
Investing Cash Flow	24.39	120.73	120.9
Long-Term Debt Issued	319.12	262.07	30
Long-Term Debt Repaid	-225.13	-111.79	-15.06
Net Debt Issued (Repaid)	93.98	150.28	14.94
Issuance of Common Stock	1,025	589	265
Repurchase of Common Stock	-1.96	-14.25	-
Other Financing Activities	-16.41	-138.8	-1.71
Financing Cash Flow	1,101	586.23	278.23
Foreign Exchange Rate Adjustments	-0.97	1.18	-0.02
Net Cash Flow	526.51	247.9	-48.31
Free Cash Flow	-643.73	-567.94	-494.86
Free Cash Flow Margin	-136.13%	-246.80%	-985.19%
Free Cash Flow Per Share	-8.95	-9.69	-10.10
Cash Interest Paid	16.31	4.52	1.71
Levered Free Cash Flow	777.26	1,047	-
Unlevered Free Cash Flow	793.59	1,050	-
Change in Working Capital	-147.76	10.06	-44.07

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