HKG:1167 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	-155.71	-359.12	-371.86	-301.19
Depreciation & Amortization	26.46	25.08	13.8	10.79
Loss (Gain) From Sale of Assets	0.14	-0.63	-	-
Loss (Gain) From Sale of Investments	0.02	7.24	-4.19	-0.19
Stock-Based Compensation	9.96	14.86	16.99	19.45
Other Operating Activities	-32.06	-38.48	-79.07	15.25
Change in Accounts Receivable	1.66	5.69	79.07	89.03
Change in Accounts Payable	36.77	-15.36	45.5	22.77
Change in Unearned Revenue	-0.42	-0.42	-0.42	-3.24
Change in Other Net Operating Assets	39.06	-3.07	7.75	-0.16
Operating Cash Flow	-74.12	-364.2	-292.42	-147.49
Capital Expenditures	-12.09	-37.83	-16.44	-10.11
Sale of Property, Plant & Equipment	0.26	1.73	0.09	0.01
Sale (Purchase) of Intangibles	-	-0.83	-0.06	-1.03
Investment in Securities	217.47	-27.71	-667.47	178.76
Other Investing Activities	50.59	17.25	-2.43	-5.97
Investing Cash Flow	256.22	-47.39	-686.32	161.67
Long-Term Debt Issued	87.7	73.62	-	-
Total Debt Issued	87.7	73.62	-	-
Long-Term Debt Repaid	-100.28	-13.5	-7.6	-11.37
Total Debt Repaid	-100.28	-13.5	-7.6	-11.37
Net Debt Issued (Repaid)	-12.58	60.12	-7.6	-11.37
Issuance of Common Stock	45	199.14	-	132.83
Repurchase of Common Stock	-4.57	-5.68	-	-
Other Financing Activities	-6.58	-7.91	-2.26	-12.41
Financing Cash Flow	21.28	245.66	-9.85	109.06
Foreign Exchange Rate Adjustments	4.55	10.7	85.77	-26.44
Net Cash Flow	207.94	-155.22	-902.83	96.79
Free Cash Flow	-86.21	-402.03	-308.86	-157.6
Free Cash Flow Margin	-55.37%	-632.92%	-322.58%	-103.13%
Free Cash Flow Per Share	-0.11	-0.52	-0.41	-0.21
Cash Interest Paid	6.58	7.91	2.26	0.51
Levered Free Cash Flow	-41.72	-267.43	-158.82	-67.48
Unlevered Free Cash Flow	-36.47	-262.23	-157.41	-67.12
Change in Working Capital	77.07	-13.15	131.92	108.4

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