HKG:1478 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	279.07	81.92	171.15	862.98
Depreciation & Amortization	449.21	439.64	463.32	498.99
Other Amortization	5.23	4.01	3.58	0.95
Loss (Gain) From Sale of Assets	2.38	3.71	5.07	12.78
Asset Writedown & Restructuring Costs	-	-	-	20.68
Loss (Gain) From Sale of Investments	-12.79	-42.85	-34.3	16.94
Loss (Gain) on Equity Investments	36.5	49.58	36.64	51.68
Stock-Based Compensation	4.43	-2.15	-7.21	10.52
Provision & Write-off of Bad Debts	0.58	-0.7	0.24	0.42
Other Operating Activities	113.6	34.53	-144.54	-52.47
Change in Accounts Receivable	-714.73	-776.17	927.01	-857.29
Change in Inventory	-221.45	-628.9	1,104	-332.82
Change in Accounts Payable	1,037	825.8	-1,507	1,284
Change in Unearned Revenue	-27.57	-45.72	39.9	78.47
Change in Other Net Operating Assets	13.74	-321.47	-8.96	-
Operating Cash Flow	965.44	-378.78	1,048	1,596
Operating Cash Flow Growth	-	-	-34.32%	-55.71%
Sale of Property, Plant & Equipment	7.32	9.44	34.92	17.02
Investment in Securities	-880.31	352.55	-1,636	48.71
Other Investing Activities	-167.4	4.74	-340.08	-946.21
Investing Cash Flow	-1,040	366.72	-1,941	-880.47
Long-Term Debt Issued	4,547	5,142	3,281	2,357
Total Debt Issued	4,547	5,142	3,281	2,357
Long-Term Debt Repaid	-6,495	-3,467	-2,677	-2,741
Total Debt Repaid	-6,495	-3,467	-2,677	-2,741
Net Debt Issued (Repaid)	-1,949	1,675	603.73	-384.78
Issuance of Common Stock	-	-	9.63	59.04
Common Dividends Paid	-	-	-	-48.6
Other Financing Activities	576.4	-124.6	-144.89	-567.86
Financing Cash Flow	-1,372	1,551	468.48	-942.2
Foreign Exchange Rate Adjustments	1.81	5.57	30.09	-13.99
Net Cash Flow	-1,446	1,544	-394.19	-240.45
Free Cash Flow	965.44	-378.78	1,048	1,596
Free Cash Flow Growth	-	-	-34.32%	-55.71%
Free Cash Flow Margin	5.98%	-3.02%	7.62%	8.55%
Free Cash Flow Per Share	0.81	-0.32	0.89	1.35
Cash Interest Paid	167.28	140.07	45.61	23.25
Cash Income Tax Paid	26.21	-	23.22	175.85
Levered Free Cash Flow	1,496	-459.22	699.98	-353.23
Unlevered Free Cash Flow	1,591	-352.14	737.4	-334.45
Change in Working Capital	87.23	-946.45	554.41	172.75

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