HKG:2125 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	-2.12	-109.31	50.93	169.25
Depreciation & Amortization	6.99	5.6	19.14	7.32
Other Amortization	-	-	-	0.16
Loss (Gain) From Sale of Assets	-0.16	0.03	-	-1.26
Loss (Gain) From Sale of Investments	1.12	0.26	-0.14	2.74
Loss (Gain) on Equity Investments	0.98	-1.16	4.58	-1.07
Stock-Based Compensation	15.18	19.42	23.56	21.42
Provision & Write-off of Bad Debts	-7.85	22.67	1.15	6.46
Other Operating Activities	61.06	8.82	26.84	23.45
Change in Accounts Receivable	-84.73	-33.3	252.01	-393.7
Change in Inventory	69.73	-212.01	-10.2	-228.41
Change in Accounts Payable	-8.05	99.22	-41.52	19.95
Change in Other Net Operating Assets	-40.35	145.92	-239.78	-225.61
Operating Cash Flow	22.96	-53.85	75.36	-599.3
Capital Expenditures	-1.89	-2.41	-2.99	-1.82
Sale of Property, Plant & Equipment	9.75	-	-	1.42
Cash Acquisitions	-8.6	-	-16	-
Divestitures	6.46	2	1	-3.23
Investment in Securities	-17.13	-15.02	-0.75	5.9
Other Investing Activities	-27.98	0.03	31.5	-81.29
Investing Cash Flow	-57.69	-13.4	-61.24	-95.43
Short-Term Debt Issued	-	-	300.5	288.7
Long-Term Debt Issued	294.37	340	3	39
Total Debt Issued	294.37	340	303.5	327.7
Short-Term Debt Repaid	-	-	-277.6	-250
Long-Term Debt Repaid	-323.16	-313.15	-31.73	-13.78
Total Debt Repaid	-323.16	-313.15	-309.33	-263.78
Net Debt Issued (Repaid)	-28.79	26.85	-5.83	63.92
Issuance of Common Stock	0	0	0	933.46
Repurchase of Common Stock	-	-0.29	-28.13	-19.38
Common Dividends Paid	-	-	-60	-40
Other Financing Activities	-11.46	-12.6	-15.93	-36.4
Financing Cash Flow	-40.25	13.96	-109.89	901.6
Foreign Exchange Rate Adjustments	-0.09	-0.38	1.02	0.33
Net Cash Flow	-75.06	-53.66	-94.75	207.2
Free Cash Flow	21.07	-56.25	72.37	-601.12
Free Cash Flow Margin	1.87%	-6.69%	7.38%	-35.30%
Free Cash Flow Per Share	0.03	-0.08	0.10	-0.85
Cash Interest Paid	11.46	12.64	13.14	10.9
Cash Income Tax Paid	5.42	8.55	52.28	50.65
Levered Free Cash Flow	-53.06	-33.41	-76.38	-785.59
Unlevered Free Cash Flow	-44.25	-24.5	-65.55	-771.84
Change in Working Capital	-52.25	-0.16	-50.71	-827.77

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