HKG:1501 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	191.91	156.46	131.71	142.96
Depreciation & Amortization	78.54	46.63	36.41	29.69
Other Amortization	1.33	0.92	0.67	0.52
Loss (Gain) From Sale of Assets	0.02	0.62	0.24	0.11
Asset Writedown & Restructuring Costs	0.62	-	-	0.57
Loss (Gain) From Sale of Investments	8.03	-2.08	-7.36	-29.29
Loss (Gain) on Equity Investments	0.4	-	-	-
Stock-Based Compensation	6.79	6.49	3.11	1.11
Provision & Write-off of Bad Debts	-0.63	0.41	0.93	-
Other Operating Activities	-24.23	-6.25	-14.55	-13.6
Change in Accounts Receivable	-16.48	-44.22	7.73	-74.94
Change in Inventory	-35.57	21.12	-62.03	-37.29
Change in Accounts Payable	26	20.18	55.67	23.22
Change in Unearned Revenue	-11.17	-22.13	27.95	29.7
Operating Cash Flow	225.54	178.15	180.46	72.76
Operating Cash Flow Growth	26.61%	-1.28%	148.03%	-23.98%
Capital Expenditures	-125.74	-168.84	-243.21	-277.83
Sale of Property, Plant & Equipment	3.72	0.78	0.87	1
Sale (Purchase) of Intangibles	-40	-62.36	-45	-25.28
Investment in Securities	-34.42	-64.28	-35.38	19.5
Other Investing Activities	9.13	10.89	6.52	14.53
Investing Cash Flow	-187.31	-283.81	-316.18	-268.08
Short-Term Debt Issued	228.02	88.34	32.66	-
Total Debt Issued	228.02	88.34	32.66	-
Short-Term Debt Repaid	-80	-42	-	-
Long-Term Debt Repaid	-	-	-0.19	-0.32
Total Debt Repaid	-80	-42	-0.19	-0.32
Net Debt Issued (Repaid)	148.02	46.34	32.47	-0.32
Issuance of Common Stock	60	36	24	-
Repurchase of Common Stock	-18.92	-21.26	-	-
Common Dividends Paid	-47.12	-40.32	-43.68	-47.31
Other Financing Activities	-85.02	-12.7	-3.07	16.56
Financing Cash Flow	56.97	8.06	9.72	-31.07
Foreign Exchange Rate Adjustments	3.08	3.01	3.72	-3.19
Net Cash Flow	98.29	-94.6	-122.28	-229.58
Free Cash Flow	99.8	9.31	-62.75	-205.07
Free Cash Flow Growth	972.35%	-	-	-
Free Cash Flow Margin	11.71%	1.24%	-10.71%	-44.13%
Free Cash Flow Per Share	0.58	0.05	-0.37	-1.23
Cash Interest Paid	1.54	2.35	0.15	0.07
Cash Income Tax Paid	38.73	19.59	12.66	15.02
Levered Free Cash Flow	-29.79	-63.2	-169.73	-228.1
Unlevered Free Cash Flow	-28.27	-61.2	-169.22	-227.7
Change in Working Capital	-37.22	-25.06	29.31	-59.32

Source: S&P Global Market Intelligence. Standard template. Financial Sources.