HKG:2122 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	-202.15	-210.5	-182.29	1.34
Depreciation & Amortization	94.62	120.17	115.44	109.91
Loss (Gain) From Sale of Assets	0.52	0.11	0.01	-
Asset Writedown & Restructuring Costs	13.24	13.69	7.7	2.76
Loss (Gain) From Sale of Investments	-	0.29	-	0.52
Provision & Write-off of Bad Debts	0.8	-0.73	0.57	0.25
Other Operating Activities	33.56	29.66	41.55	-7.77
Change in Accounts Receivable	14.73	1.03	37.5	-4.53
Change in Inventory	61.95	100.16	58.01	-52.29
Change in Accounts Payable	-0.66	20.88	-49.4	50.21
Change in Unearned Revenue	-1.83	0.85	-3.3	-7.3
Change in Other Net Operating Assets	-9.1	-26.38	61.24	-7.58
Operating Cash Flow	5.69	49.23	87.04	85.52
Operating Cash Flow Growth	-88.45%	-43.44%	1.77%	-33.80%
Capital Expenditures	-16.54	-13.94	-27.43	-24.57
Sale of Property, Plant & Equipment	0.45	0	0.01	-
Sale (Purchase) of Intangibles	-	-	-	-4.48
Investment in Securities	-	-	-	-0.81
Other Investing Activities	0.06	0.11	0.14	0.44
Investing Cash Flow	-16.02	-13.83	-27.28	-29.41
Short-Term Debt Issued	106	62.4	31.47	7.06
Long-Term Debt Issued	66.87	33.02	6.87	-
Total Debt Issued	172.87	95.42	38.34	7.06
Short-Term Debt Repaid	-75.93	-18.4	-	-
Long-Term Debt Repaid	-81.73	-98.99	-96.14	-86.79
Total Debt Repaid	-157.66	-117.4	-96.14	-86.79
Net Debt Issued (Repaid)	15.21	-21.97	-57.8	-79.73
Other Financing Activities	-10.41	-10.14	-4.29	-4.35
Financing Cash Flow	4.81	-32.11	-62.08	-84.08
Foreign Exchange Rate Adjustments	0.23	0.16	0.83	-0.38
Net Cash Flow	-5.3	3.45	-1.49	-28.35
Free Cash Flow	-10.85	35.29	59.61	60.95
Free Cash Flow Growth	-	-40.80%	-2.21%	-36.47%
Free Cash Flow Margin	-1.11%	3.05%	5.21%	4.15%
Free Cash Flow Per Share	-0.01	0.04	0.07	0.08
Cash Interest Paid	9.48	9.47	9.73	9.09
Cash Income Tax Paid	-0.43	0.18	1.18	1.93
Levered Free Cash Flow	44.64	90.78	113.66	66.68
Unlevered Free Cash Flow	51.91	98.19	120.34	72.85
Change in Working Capital	65.09	96.53	104.05	-21.49

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