HKG:1167 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-45.65	-155.71	-359.12	-371.86	-301.19	-1,514
Depreciation & Amortization	24.18	26.46	25.08	13.8	10.79	8.28
Other Amortization	-	-	-	-	-	0.11
Loss (Gain) From Sale of Assets	0.14	0.14	-0.63	-	-	-
Loss (Gain) From Sale of Investments	0.02	0.02	7.24	-4.19	-0.19	-
Stock-Based Compensation	9.96	9.96	14.86	16.99	19.45	19.66
Other Operating Activities	-102.52	-32.06	-38.48	-79.07	15.25	1,725
Change in Accounts Receivable	1.66	1.66	5.69	79.07	89.03	-187.94
Change in Accounts Payable	36.77	36.77	-15.36	45.5	22.77	15.54
Change in Unearned Revenue	-0.42	-0.42	-0.42	-0.42	-3.24	-1.35
Change in Other Net Operating Assets	39.06	39.06	-3.07	7.75	-0.16	13.1
Operating Cash Flow	-36.8	-74.12	-364.2	-292.42	-147.49	78.83
Capital Expenditures	-6.79	-12.09	-37.83	-16.44	-10.11	-10.14
Sale of Property, Plant & Equipment	0.01	0.26	1.73	0.09	0.01	0.03
Sale (Purchase) of Intangibles	-0.57	-	-0.83	-0.06	-1.03	-0.82
Investment in Securities	143.87	217.47	-27.71	-667.47	178.76	-204.83
Other Investing Activities	32.15	50.59	17.25	-2.43	-5.97	0.19
Investing Cash Flow	168.68	256.22	-47.39	-686.32	161.67	-215.56
Long-Term Debt Issued	-	87.7	73.62	-	-	-
Total Debt Issued	67.94	87.7	73.62	-	-	-
Short-Term Debt Repaid	-	-	-	-	-	-12
Long-Term Debt Repaid	-	-100.28	-13.5	-7.6	-11.37	-8.46
Total Debt Repaid	-77.37	-100.28	-13.5	-7.6	-11.37	-20.46
Net Debt Issued (Repaid)	-9.43	-12.58	60.12	-7.6	-11.37	-20.46
Issuance of Common Stock	45	45	199.14	-	132.83	1,121
Repurchase of Common Stock	-1.52	-4.57	-5.68	-	-	-
Other Financing Activities	-5.37	-6.58	-7.91	-2.26	-12.41	-7.36
Financing Cash Flow	28.68	21.28	245.66	-9.85	109.06	1,275
Foreign Exchange Rate Adjustments	-2.82	4.55	10.7	85.77	-26.44	-22.56
Net Cash Flow	157.73	207.94	-155.22	-902.83	96.79	1,116
Free Cash Flow	-43.59	-86.21	-402.03	-308.86	-157.6	68.69
Free Cash Flow Margin	-21.64%	-55.37%	-632.92%	-322.58%	-103.13%	14.12%
Free Cash Flow Per Share	-0.06	-0.11	-0.52	-0.41	-0.21	0.18
Cash Interest Paid	5.37	6.58	7.91	2.26	0.51	1.86
Levered Free Cash Flow	-192.38	-41.72	-267.43	-158.82	-67.48	5.36
Unlevered Free Cash Flow	-185.45	-36.47	-262.23	-157.41	-67.12	5.97
Change in Working Capital	77.07	77.07	-13.15	131.92	108.4	-160.65

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