HKG:0980 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	-358.77	-791.32	-206.53	-422.78
Depreciation & Amortization	1,247	1,315	1,377	1,429
Other Amortization	28.46	21.93	22.47	20.8
Loss (Gain) From Sale of Assets	-91.58	-9.86	-19.47	-22.28
Asset Writedown & Restructuring Costs	-35.45	16.3	1.92	96.27
Loss (Gain) From Sale of Investments	-84.09	-35.86	2.47	-9.68
Loss (Gain) on Equity Investments	-6.23	361.4	111.53	-42.8
Provision & Write-off of Bad Debts	2.35	0.13	1.13	1.16
Other Operating Activities	-116.34	193.21	135.43	-97.47
Change in Accounts Receivable	-30.54	4.6	-94.25	38.83
Change in Inventory	507.76	604.61	-116.43	-160.86
Change in Accounts Payable	-105.74	-573.17	-51.78	-421.81
Change in Unearned Revenue	-114.09	-28.85	380.89	397.66
Change in Other Net Operating Assets	414.91	-245.91	199.79	189.08
Operating Cash Flow	1,258	831.98	1,745	995.6
Operating Cash Flow Growth	51.20%	-52.31%	75.22%	-48.30%
Capital Expenditures	-123.6	-177.93	-241.47	-420.63
Cash Acquisitions	-	-	-75.58	-91.8
Sale (Purchase) of Intangibles	-17.54	-25.4	-9.46	-14.76
Investment in Securities	-776.58	-719.71	305.02	196.48
Other Investing Activities	156.75	18.73	56.04	-24.19
Investing Cash Flow	-760.97	-904.31	34.55	-354.9
Short-Term Debt Issued	-	-	400	600
Long-Term Debt Issued	2,682	2,183	982.63	-
Total Debt Issued	2,682	2,183	1,383	600
Short-Term Debt Repaid	-	-	-1,011	-20
Long-Term Debt Repaid	-3,918	-2,855	-1,006	-1,005
Total Debt Repaid	-3,918	-2,855	-2,017	-1,025
Net Debt Issued (Repaid)	-1,236	-671.74	-633.88	-425.15
Other Financing Activities	-87.17	-7.26	-139.72	-32.37
Financing Cash Flow	-1,323	-679	-773.6	-457.52
Net Cash Flow	-825.91	-751.33	1,005	183.18
Free Cash Flow	1,134	654.05	1,503	574.97
Free Cash Flow Growth	73.44%	-56.48%	161.42%	-64.20%
Free Cash Flow Margin	5.75%	3.00%	6.09%	2.32%
Free Cash Flow Per Share	1.01	0.58	1.34	0.51
Cash Interest Paid	185.77	215.5	248.98	285
Cash Income Tax Paid	123.51	99.78	74.15	141.51
Levered Free Cash Flow	1,178	1,668	425.27	1,574
Unlevered Free Cash Flow	1,305	1,813	598.31	1,752
Change in Working Capital	672.29	-238.73	318.22	42.9

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