HKG:1515 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	565.88	257.68	265.86	417.92
Depreciation & Amortization	618.9	610.86	486.41	182.88
Loss (Gain) From Sale of Assets	11.19	2.39	-5.41	-
Asset Writedown & Restructuring Costs	32.15	351.81	108.83	11.15
Loss (Gain) From Sale of Investments	22.15	145.87	22.18	371.56
Loss (Gain) on Equity Investments	-98.6	-90.78	-88.07	-83.55
Stock-Based Compensation	-	-	2.16	10.11
Other Operating Activities	96.98	230.61	159.42	-348.79
Change in Accounts Receivable	118.03	-111.25	109.17	131.47
Change in Inventory	-0.07	65.18	-17.34	0.21
Change in Accounts Payable	-35.24	9.71	-152.76	-31.99
Change in Unearned Revenue	2.23	17.21	8.54	-0.09
Change in Other Net Operating Assets	-63.34	-294.17	-35.4	49.56
Operating Cash Flow	1,270	1,195	863.59	710.43
Operating Cash Flow Growth	6.29%	38.39%	21.56%	10.37%
Capital Expenditures	-563.69	-486.68	-466.28	-198.43
Sale of Property, Plant & Equipment	0.09	54.98	6.13	2.1
Cash Acquisitions	-	-3,768	173.92	-669.61
Divestitures	-	-	0.01	-
Investment in Securities	-	872.18	381.34	-1,096
Other Investing Activities	18.88	705.46	-589.13	26.26
Investing Cash Flow	-544.73	-2,622	-494.02	-1,936
Long-Term Debt Issued	1,724	5,554	8,614	6,073
Total Debt Issued	1,724	5,554	8,614	6,073
Short-Term Debt Repaid	-	-	-0.26	-1.56
Long-Term Debt Repaid	-2,489	-5,819	-8,650	-5,106
Total Debt Repaid	-2,489	-5,819	-8,651	-5,107
Net Debt Issued (Repaid)	-764.34	-265.28	-36.68	965.15
Issuance of Common Stock	-	-	-	0.54
Common Dividends Paid	-139.13	-42.35	-129.6	-91.08
Other Financing Activities	-81.32	-129.45	-57.41	-28.66
Financing Cash Flow	-984.8	-437.08	-223.69	845.96
Foreign Exchange Rate Adjustments	0.5	0.14	2.73	2.34
Net Cash Flow	-258.76	-1,864	148.61	-377.32
Free Cash Flow	706.57	708.44	397.31	512
Free Cash Flow Growth	-0.26%	78.31%	-22.40%	17.93%
Free Cash Flow Margin	7.17%	7.01%	5.03%	11.51%
Free Cash Flow Per Share	0.56	0.56	0.32	0.41
Cash Interest Paid	63.7	116.27	56.4	19.77
Cash Income Tax Paid	235.69	163.4	143.84	135.99
Levered Free Cash Flow	280.26	1,843	235.59	569.68
Unlevered Free Cash Flow	318.39	1,915	270.53	579.83
Change in Working Capital	21.62	-313.31	-87.79	149.17

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