HKG:1541 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
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
Net Income	-302.68	-315.86	-379.46	-402.89	-732.95
Depreciation & Amortization	17.11	20.68	22.58	17.62	13.18
Loss (Gain) From Sale of Assets	-	-	-	-	-0.56
Asset Writedown & Restructuring Costs	27.4	27.4	-	-	-
Loss (Gain) From Sale of Investments	-14.15	-14.15	-1.76	-	-1.6
Stock-Based Compensation	34.21	34.21	71.64	103.83	34.02
Other Operating Activities	-23.15	-5.45	-5.24	20.69	521.45
Change in Accounts Receivable	0.02	0.02	0.03	-0.03	0.01
Change in Accounts Payable	27.57	27.57	6.36	4.88	7.65
Change in Unearned Revenue	32.9	32.9	-	-	-
Change in Other Net Operating Assets	64.64	64.64	-81.71	17.21	-31.74
Operating Cash Flow	-136.14	-128.04	-367.55	-238.71	-190.54
Capital Expenditures	-4.75	-10.4	-2.69	-23.22	-40.7
Sale of Property, Plant & Equipment	66.18	-	-	-	0.58
Investment in Securities	-24.96	40.72	-303.37	-	23.65
Other Investing Activities	6.42	7.63	11.21	23.27	-92.25
Investing Cash Flow	42.88	37.95	-294.85	0.05	-108.72
Short-Term Debt Issued	-	-	-	-	0.01
Long-Term Debt Issued	-	175.78	79.96	-	-
Total Debt Issued	186.78	175.78	79.96	-	0.01
Short-Term Debt Repaid	-	-	-	-	-0.01
Long-Term Debt Repaid	-	-125.8	-26.21	-5.8	-4.77
Total Debt Repaid	-141.23	-125.8	-26.21	-5.8	-4.78
Net Debt Issued (Repaid)	45.55	49.98	53.76	-5.8	-4.77
Issuance of Common Stock	215.94	215.94	307.79	189.57	800.98
Other Financing Activities	-8.01	-6.99	-30.51	-4.39	-3.17
Financing Cash Flow	253.48	258.93	331.04	179.38	793.03
Foreign Exchange Rate Adjustments	-1.67	1.79	3.14	26.17	-9.12
Miscellaneous Cash Flow Adjustments	-0.01	-0.01	-	-	-
Net Cash Flow	158.55	170.62	-328.23	-33.11	484.65
Free Cash Flow	-140.89	-138.44	-370.25	-261.93	-231.24
Free Cash Flow Margin	-114.70%	-174.06%	-4811.50%	-4603.41%	-1674.69%
Free Cash Flow Per Share	-0.36	-0.37	-1.02	-0.79	-2.68
Cash Interest Paid	4.47	3.45	1.52	0.79	0.89
Levered Free Cash Flow	-74.08	-132.07	-193.42	-2,538	-
Unlevered Free Cash Flow	-71.28	-129.92	-192.47	-2,537	-
Change in Working Capital	125.13	125.13	-75.32	22.05	-24.08

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