HKG:1115 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	-573.95	-352.87	-102.47	46.95
Depreciation & Amortization	36.13	59.04	59.97	71.92
Other Amortization	-	-	0.03	0.03
Loss (Gain) From Sale of Assets	-16.76	-0.13	-	0.02
Loss (Gain) From Sale of Investments	468.52	273.05	2.24	23.08
Loss (Gain) on Equity Investments	8.31	0.26	10.69	-0.01
Provision & Write-off of Bad Debts	43.25	23.69	86.64	31.49
Other Operating Activities	19.87	12.98	0.14	20.39
Change in Accounts Receivable	4.31	-15.08	-22.49	-49.88
Change in Inventory	45.32	-12.63	-16.62	-30.94
Change in Accounts Payable	-23.26	-92.98	-31.01	-33.7
Change in Unearned Revenue	106.8	-17.72	-20.17	150.73
Change in Other Net Operating Assets	199.27	-171.31	119.59	-147.93
Operating Cash Flow	316.49	-292.35	86.56	82.16
Operating Cash Flow Growth	-	-	5.35%	-5.21%
Capital Expenditures	-6.96	-14.09	-5.5	-6.07
Sale of Property, Plant & Equipment	0.24	0.14	-	-
Divestitures	-0.91	-	-	-
Investment in Securities	-100	-33	1.04	-
Other Investing Activities	2.94	-	13.65	-
Investing Cash Flow	-184.65	-56.34	-208.57	11.02
Short-Term Debt Issued	44.09	16.62	14.84	6.39
Long-Term Debt Issued	409	444.5	100	717.7
Total Debt Issued	453.09	461.12	114.84	724.09
Short-Term Debt Repaid	-22.16	-12.83	-21.08	-303.07
Long-Term Debt Repaid	-560.05	-471.45	-133.56	-525.15
Total Debt Repaid	-582.21	-484.28	-154.64	-828.22
Net Debt Issued (Repaid)	-129.12	-23.16	-39.8	-104.13
Issuance of Common Stock	99.01	339.11	168.37	-
Other Financing Activities	-2.79	-3.74	-1.36	-
Financing Cash Flow	-32.9	312.21	127.21	-104.13
Foreign Exchange Rate Adjustments	1.08	0.1	-0.86	0.02
Net Cash Flow	100.01	-36.39	4.33	-10.93
Free Cash Flow	309.52	-306.44	81.06	76.09
Free Cash Flow Growth	-	-	6.52%	-5.56%
Free Cash Flow Margin	137.07%	-97.46%	25.98%	16.68%
Free Cash Flow Per Share	0.07	-0.08	0.03	0.03
Cash Interest Paid	22.24	9.22	15.09	14.79
Cash Income Tax Paid	1.36	10.22	2.85	9.63
Levered Free Cash Flow	233.87	-313.11	-44.27	442.48
Unlevered Free Cash Flow	255.8	-292.1	-20.74	464.06
Change in Working Capital	332.43	-309.73	29.3	-111.72

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