HKG:1847 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	-112.04	-30.13	27.17	0.7
Depreciation & Amortization	52.05	64.43	57.26	69.32
Other Amortization	2.95	-	0.17	0.21
Loss (Gain) From Sale of Assets	-1.41	-0.87	-0.12	-1.59
Asset Writedown & Restructuring Costs	0.01	2.26	-	-
Loss (Gain) From Sale of Investments	8.6	3.51	1.11	-
Provision & Write-off of Bad Debts	43.64	7.62	-	-
Other Operating Activities	13.79	113.42	7.16	-4.22
Change in Accounts Receivable	415.68	276.04	-204.85	-296.03
Change in Inventory	-0.7	1.79	3.32	3.45
Change in Accounts Payable	-619.97	-493.63	10.21	163.91
Change in Other Net Operating Assets	134.93	-3.95	-215.19	-86.76
Operating Cash Flow	-99.11	-73.06	-313.74	-151.01
Capital Expenditures	-18.29	-95.75	-21.76	-20.18
Sale of Property, Plant & Equipment	1.02	1.64	0.37	0.14
Sale (Purchase) of Intangibles	-	-	-	-2.4
Investment in Securities	-	-	100	70
Other Investing Activities	-	-	-	0.4
Investing Cash Flow	-17.26	-94.1	78.61	47.96
Long-Term Debt Issued	833.92	812.9	404.93	200.47
Total Debt Issued	833.92	812.9	404.93	200.47
Long-Term Debt Repaid	-750.55	-675.92	-292.48	-140.09
Total Debt Repaid	-750.55	-675.92	-292.48	-140.09
Net Debt Issued (Repaid)	83.37	136.98	112.46	60.39
Common Dividends Paid	-	-27.83	-	-55.08
Other Financing Activities	-29.43	-5.67	-	-5.33
Financing Cash Flow	53.94	103.49	112.46	-0.03
Foreign Exchange Rate Adjustments	0.02	0.26	1.52	-0.5
Net Cash Flow	-62.42	-63.42	-121.15	-103.58
Free Cash Flow	-117.4	-168.81	-335.5	-171.19
Free Cash Flow Margin	-16.55%	-11.89%	-19.96%	-8.14%
Free Cash Flow Per Share	-0.26	-0.39	-0.75	-0.38
Cash Interest Paid	28	-	14.81	7.44
Cash Income Tax Paid	35.95	103.3	8.41	14.31
Levered Free Cash Flow	-233.95	147.41	-375.91	-104.89
Unlevered Free Cash Flow	-221.15	159.41	-366.53	-100.19
Change in Working Capital	-106.7	-233.31	-406.51	-215.43

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