HKG:1232 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	-823.94	-1,035	-1,054	-1,980
Depreciation & Amortization	60.68	64.74	63.96	44.67
Loss (Gain) From Sale of Assets	1.15	19.93	-16.64	-
Asset Writedown & Restructuring Costs	468.19	133.17	69.18	1,598
Loss (Gain) From Sale of Investments	-2.48	118.23	5.53	76.59
Loss (Gain) on Equity Investments	14.38	58.87	-1.34	-13.38
Stock-Based Compensation	-	-	-	0.05
Provision & Write-off of Bad Debts	-	0.06	-	55.9
Other Operating Activities	105.36	356.3	470.23	-161.68
Change in Accounts Receivable	-77	138.87	6.47	18.43
Change in Inventory	1,137	676.92	768.54	1,291
Change in Accounts Payable	-670.81	1,011	-307.44	-192.42
Change in Unearned Revenue	-252.98	-1,447	-232.99	476.54
Change in Other Net Operating Assets	24.42	287.15	34.73	-189.91
Operating Cash Flow	-15.54	382.91	-193.62	1,023
Operating Cash Flow Growth	-	-	-	90.71%
Capital Expenditures	-11.69	-0.13	-0.11	-82.63
Sale of Property, Plant & Equipment	0.02	6.53	21.83	-
Cash Acquisitions	-	-	200.31	-
Divestitures	-	-6.41	-	-
Sale (Purchase) of Real Estate	22.04	-6.34	326.02	162.13
Investment in Securities	-	-	12.9	100.14
Other Investing Activities	5.04	12.71	26.08	27.32
Investing Cash Flow	15.4	6.36	587.03	206.96
Short-Term Debt Issued	0.32	2.57	39.26	67.29
Long-Term Debt Issued	55.7	38.8	67.3	1,623
Total Debt Issued	56.02	41.37	106.56	1,690
Short-Term Debt Repaid	-0.12	-5.68	-1.17	-111.77
Long-Term Debt Repaid	-430.71	-323.99	-797.37	-2,632
Total Debt Repaid	-430.83	-329.67	-798.55	-2,744
Net Debt Issued (Repaid)	-374.81	-288.3	-691.99	-1,054
Repurchase of Common Stock	-	-	-	-1.54
Other Financing Activities	263.4	-85.18	142.85	-674.26
Financing Cash Flow	-111.41	-373.48	-549.14	-1,730
Foreign Exchange Rate Adjustments	0.16	0.25	2.04	-3.04
Net Cash Flow	-111.39	16.05	-153.69	-502.21
Free Cash Flow	-27.23	382.78	-193.73	940.79
Free Cash Flow Growth	-	-	-	92.44%
Free Cash Flow Margin	-3.42%	16.03%	-7.28%	52.78%
Free Cash Flow Per Share	-0.15	2.13	-1.08	5.23
Cash Interest Paid	52.43	85.18	163.01	548.42
Cash Income Tax Paid	36.92	170.71	197.76	173.74
Levered Free Cash Flow	509.93	1,768	231.43	379.86
Unlevered Free Cash Flow	551.97	1,967	417.71	539.09
Change in Working Capital	161.12	666.71	269.32	1,404

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