HKG:0611 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	114.14	98.73	81.59	73.14
Depreciation & Amortization	345.66	208.79	171.74	133.87
Loss (Gain) From Sale of Assets	0.02	-	-	-9.64
Loss (Gain) From Sale of Investments	-1.57	-1.57	-17.3	-0.95
Loss (Gain) on Equity Investments	-0.44	-0.4	-9.37	-22.07
Provision & Write-off of Bad Debts	2.93	-13.86	5.48	6.08
Other Operating Activities	206.85	161.15	136.57	124.53
Change in Accounts Receivable	-92.73	174.75	492.84	-388.41
Change in Inventory	-	-	-	1.57
Change in Accounts Payable	-58.7	66.66	-959.65	235.01
Change in Unearned Revenue	-29.44	-335.96	464.49	22.25
Change in Other Net Operating Assets	107.53	-98.51	-323.29	59.34
Operating Cash Flow	594.25	259.8	43.11	235.84
Operating Cash Flow Growth	128.74%	502.63%	-81.72%	-27.41%
Capital Expenditures	-1,590	-1,950	-690.82	-36.15
Sale of Property, Plant & Equipment	0.27	0.01	0.03	4.65
Cash Acquisitions	-	19.17	-3.64	-
Investment in Securities	-9.48	-7	146.88	-
Other Investing Activities	216.96	673.23	-779.31	186.83
Investing Cash Flow	-1,382	-1,264	-1,327	155.33
Long-Term Debt Issued	3,382	4,622	3,663	1,610
Total Debt Issued	3,382	4,622	3,663	1,610
Short-Term Debt Repaid	-	-	-	-211.14
Long-Term Debt Repaid	-3,138	-2,745	-2,354	-1,374
Total Debt Repaid	-3,138	-2,745	-2,354	-1,585
Net Debt Issued (Repaid)	244.05	1,877	1,309	24.69
Issuance of Common Stock	-	-	414.84	-
Other Financing Activities	-225.22	-198.91	-162.48	-119.2
Financing Cash Flow	18.84	1,678	1,561	-94.51
Foreign Exchange Rate Adjustments	-11.73	42.34	-44.96	-7.57
Net Cash Flow	-780.56	715.7	232.25	289.08
Free Cash Flow	-995.41	-1,690	-647.71	199.69
Free Cash Flow Margin	-76.83%	-108.36%	-34.24%	9.48%
Free Cash Flow Per Share	-0.54	-0.91	-0.39	0.15
Cash Interest Paid	225.22	193.99	150.44	124.01
Cash Income Tax Paid	47.47	35.23	34.81	16.13
Levered Free Cash Flow	-1,446	-496.17	-1,303	-69.09
Unlevered Free Cash Flow	-1,311	-380.32	-1,215	6.01
Change in Working Capital	-73.34	-193.05	-325.62	-70.23

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