HKG:1148 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	38.17	41.07	-115.83	-392.77
Depreciation & Amortization	195.67	198.16	151.9	249.17
Other Amortization	82.11	67.12	31.88	82.37
Loss (Gain) From Sale of Assets	1.21	-1.95	-21.03	0.01
Asset Writedown & Restructuring Costs	-	1.2	15.44	25.7
Loss (Gain) on Equity Investments	20.15	-80.61	17.41	-
Provision & Write-off of Bad Debts	-98.44	2.08	1.01	298.88
Other Operating Activities	36.43	88.86	75.89	63.39
Change in Accounts Receivable	-148.48	-1,592	-661.89	23.56
Change in Inventory	10.42	-28.68	-12.24	155.23
Change in Accounts Payable	18.4	-62.26	-262.91	-353.9
Change in Other Net Operating Assets	143.58	1,580	604.13	-178.63
Operating Cash Flow	303.17	217.32	-176.25	-27
Operating Cash Flow Growth	39.51%	-	-	-
Capital Expenditures	-36.19	-21.96	-63.06	-89.77
Sale of Property, Plant & Equipment	-	3.9	16.02	34.23
Sale (Purchase) of Intangibles	-24.91	5.04	12.64	-26.86
Other Investing Activities	6.24	46.29	448.37	270.14
Investing Cash Flow	-54.86	33.26	413.97	187.74
Short-Term Debt Issued	-	0.23	0.76	0.07
Long-Term Debt Issued	409.93	313.26	378.98	793.09
Total Debt Issued	409.93	313.49	379.74	793.16
Short-Term Debt Repaid	-0.88	-	-	-7.46
Long-Term Debt Repaid	-547.89	-541.97	-499.29	-945.13
Total Debt Repaid	-548.76	-541.97	-499.29	-952.59
Net Debt Issued (Repaid)	-138.83	-228.49	-119.55	-159.43
Other Financing Activities	-47.75	-57.31	-71.96	-43.73
Financing Cash Flow	-186.58	-285.79	-191.52	-203.16
Net Cash Flow	61.73	-35.22	46.21	-42.43
Free Cash Flow	266.98	195.35	-239.31	-116.78
Free Cash Flow Growth	36.67%	-	-	-
Free Cash Flow Margin	4.39%	3.66%	-14.48%	-7.98%
Free Cash Flow Per Share	0.21	0.15	-0.19	-0.09
Cash Interest Paid	47.75	57.31	71.96	43.73
Cash Income Tax Paid	3.2	1.6	-1.01	1.34
Levered Free Cash Flow	96.61	170.88	-145.64	270.9
Unlevered Free Cash Flow	126.45	206.7	-106.67	307.38
Change in Working Capital	23.91	-102.94	-332.91	-353.74

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.