HKG:1760 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	208.63	317.4	414.96	200.61
Depreciation & Amortization	80.83	76.45	57.09	43.87
Other Amortization	64.37	63.05	28.03	15.75
Loss (Gain) From Sale of Assets	-0.42	-0.05	-	0.02
Loss (Gain) From Sale of Investments	-19.05	-53.38	-11.59	-
Loss (Gain) on Equity Investments	-2.73	0.21	-2.1	-0.58
Stock-Based Compensation	19.02	26.47	19.06	16.3
Other Operating Activities	-86.98	-38.6	-1.34	-5.43
Change in Accounts Receivable	-504.59	-150.88	-533.64	-380.16
Change in Inventory	221.29	-468.68	-587.67	-50.45
Change in Accounts Payable	-20.98	265.27	94.06	162.11
Change in Unearned Revenue	-	0.8	-0.33	-2.6
Change in Other Net Operating Assets	315.27	-41.79	230.89	-13.96
Operating Cash Flow	274.66	-3.75	-292.57	-14.53
Capital Expenditures	-52.06	-145.38	-75	-49.53
Sale of Property, Plant & Equipment	1.28	0.3	1.33	0.03
Sale (Purchase) of Intangibles	-117.61	-97.48	-124.93	-108.98
Investment in Securities	51.71	-23.17	4.24	-63.76
Other Investing Activities	3.01	-3.2	-	-
Investing Cash Flow	-113.67	-268.93	-194.37	-222.24
Short-Term Debt Issued	5,189	4,862	3,596	1,956
Total Debt Issued	5,189	4,862	3,596	1,956
Short-Term Debt Repaid	-4,791	-4,165	-3,327	-1,748
Long-Term Debt Repaid	-23.94	-23.74	-19.51	-16.23
Total Debt Repaid	-4,814	-4,188	-3,347	-1,764
Net Debt Issued (Repaid)	374.7	673.27	249.31	191.73
Issuance of Common Stock	-	2.54	5.67	260.68
Common Dividends Paid	-96.99	-128.74	-63.01	-28.65
Other Financing Activities	-20.81	-95.85	13.4	4.29
Financing Cash Flow	256.9	451.22	205.37	428.06
Foreign Exchange Rate Adjustments	-18.68	1.51	46.78	-7.81
Net Cash Flow	399.21	180.05	-234.8	183.49
Free Cash Flow	222.6	-149.12	-367.57	-64.06
Free Cash Flow Margin	3.33%	-2.57%	-7.61%	-2.02%
Free Cash Flow Per Share	0.20	-0.14	-0.34	-0.06
Cash Interest Paid	110.78	100.05	44.54	23.52
Cash Income Tax Paid	52.28	15.31	41.61	22.05
Levered Free Cash Flow	80.83	-365.79	-605.28	-222.57
Unlevered Free Cash Flow	150.07	-303.26	-577.45	-207.87
Change in Working Capital	10.99	-395.29	-796.69	-285.06

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.