HKG:2121 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	-593.81	-582.34	-363.04	-636.6
Depreciation & Amortization	77.39	80.37	63.1	33.48
Other Amortization	13.92	12.2	9.43	0.7
Loss (Gain) From Sale of Assets	-5.62	-1.85	0.33	0.01
Asset Writedown & Restructuring Costs	227.97	-	-	-
Loss (Gain) From Sale of Investments	67.77	176.49	45.74	24.06
Loss (Gain) on Equity Investments	-	0.34	0.58	-
Stock-Based Compensation	153.82	290.27	173.29	406.97
Other Operating Activities	-32.83	9.35	5.26	36.64
Change in Accounts Receivable	183.7	-168.08	-133	-196.45
Change in Inventory	-26.02	-10.25	132.53	-16.41
Change in Accounts Payable	-64	72.89	-34.61	164.52
Change in Unearned Revenue	-12.54	-0.35	-152.14	5.21
Change in Other Net Operating Assets	-25.53	-59.37	-51.77	-58.89
Operating Cash Flow	-35.79	-180.32	-304.3	-236.77
Capital Expenditures	-4.01	-6.27	-21.6	-52
Sale of Property, Plant & Equipment	0.14	0	-	-
Cash Acquisitions	-82.32	-132.88	-120.86	-
Investment in Securities	48.4	-31.47	-150.98	0.13
Other Investing Activities	8.09	-18.08	0.63	4.88
Investing Cash Flow	-29.71	-188.7	-292.81	-46.99
Short-Term Debt Issued	201.46	100.1	60.01	-
Total Debt Issued	201.46	100.1	60.01	-
Short-Term Debt Repaid	-145.26	-99.95	-39.75	-
Long-Term Debt Repaid	-22.23	-57.68	-10.1	-10.83
Total Debt Repaid	-167.49	-157.63	-49.85	-10.83
Net Debt Issued (Repaid)	33.97	-57.53	10.16	-10.83
Issuance of Common Stock	2.2	416.78	957.46	838.48
Repurchase of Common Stock	-106.74	-291.23	-275.12	-
Other Financing Activities	-3.46	7.81	-6.82	-27.49
Financing Cash Flow	-74.02	75.83	685.69	800.16
Foreign Exchange Rate Adjustments	-0.22	-4.85	0.94	-5.75
Net Cash Flow	-139.74	-298.05	89.52	510.65
Free Cash Flow	-39.8	-186.59	-325.9	-288.77
Free Cash Flow Margin	-3.26%	-10.66%	-20.92%	-33.53%
Free Cash Flow Per Share	-0.07	-0.34	-0.59	-0.65
Cash Interest Paid	3.46	2.62	2.46	-
Cash Income Tax Paid	0.32	3.37	-1.03	2
Levered Free Cash Flow	44.03	27.45	-133.24	-69.11
Unlevered Free Cash Flow	48.66	32.81	-128.18	-46.55
Change in Working Capital	55.6	-165.16	-238.99	-102.03

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