HKG:0999 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	580.62	532.06	237.57	227.12
Depreciation & Amortization	430.88	329.16	285.58	240.3
Other Amortization	1.13	1.06	1.05	0.08
Loss (Gain) From Sale of Assets	6.04	4.47	3.28	0.47
Asset Writedown & Restructuring Costs	3.38	0.66	0.98	0.33
Stock-Based Compensation	-	-	-	6.45
Other Operating Activities	-38.65	58.87	31.04	24.05
Change in Accounts Receivable	-33.38	-95.9	-59.21	-64.38
Change in Inventory	-4.67	-20.13	-26.68	-20.8
Change in Accounts Payable	-51.98	46.05	-48.87	-99.35
Change in Unearned Revenue	9.47	10.06	9.4	6.88
Operating Cash Flow	902.85	866.34	434.13	321.16
Operating Cash Flow Growth	4.21%	99.56%	35.18%	-
Capital Expenditures	-317.93	-309.16	-94.28	-169.88
Sale (Purchase) of Intangibles	-0.79	-1.36	-1.98	-1.16
Investment in Securities	-1,010	5	14.5	-19.5
Other Investing Activities	26.71	9.78	1.95	0.42
Investing Cash Flow	-1,302	-295.74	-79.81	-190.12
Short-Term Debt Issued	-	50	151.81	50.2
Long-Term Debt Issued	100	400	-	-
Total Debt Issued	100	450	151.81	50.2
Short-Term Debt Repaid	-50	-113.44	-107.67	-22.85
Long-Term Debt Repaid	-225.72	-172.07	-150.35	-116.51
Total Debt Repaid	-275.72	-285.51	-258.02	-139.36
Net Debt Issued (Repaid)	-175.72	164.49	-106.21	-89.16
Issuance of Common Stock	779.62	-	-	1.02
Common Dividends Paid	-187.5	-135.28	-150	-
Other Financing Activities	-20.03	-43.35	-55.48	-29.57
Financing Cash Flow	396.37	-14.13	-311.69	-117.71
Foreign Exchange Rate Adjustments	-0.43	0.68	-	-
Net Cash Flow	-3.49	557.15	42.63	13.33
Free Cash Flow	584.93	557.18	339.85	151.27
Free Cash Flow Growth	4.98%	63.95%	124.66%	-
Free Cash Flow Margin	11.14%	12.13%	10.48%	5.70%
Free Cash Flow Per Share	0.58	0.55	-	-
Cash Interest Paid	39.67	30.52	27.43	23.57
Cash Income Tax Paid	210.67	178.6	102.4	78.74
Levered Free Cash Flow	530.58	475.47	206.74	-
Unlevered Free Cash Flow	556.28	495.19	224.44	-
Change in Net Working Capital	47.4	12.79	291.82	-

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