HKG:2126 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-617.62	-590.62	-768	-846.14	-702.33	-1,664
Depreciation & Amortization	77.97	83.67	93.77	81.37	46.33	23.17
Other Amortization	5.99	5.99	6.06	5.71	1.9	0.42
Loss (Gain) From Sale of Assets	-	-	0.93	0.17	0.12	-
Asset Writedown & Restructuring Costs	132.26	132.26	181.21	-	-	-
Stock-Based Compensation	37.31	37.31	34.97	82.5	89.37	134.25
Other Operating Activities	167.9	27.77	49.45	164.76	-46.37	1,228
Change in Accounts Receivable	-60.28	-35.22	-36.64	-5.31	-	-
Change in Inventory	-17.91	3.52	5.38	-8.76	-28.78	-0.96
Change in Unearned Revenue	6.28	-14.22	30.42	-	-	-
Change in Other Net Operating Assets	18.11	16.1	4.02	-11.03	78.57	17.63
Operating Cash Flow	-200.13	-333.44	-398.42	-536.72	-561.2	-261.01
Capital Expenditures	-2.6	-5.22	-12.41	-76.87	-73.09	-124.24
Sale of Property, Plant & Equipment	-	-	0.08	0.05	-	-
Cash Acquisitions	-	-	-	-	-	45.31
Sale (Purchase) of Intangibles	-0.18	-10.15	-2.17	-23.71	-64.04	-12.98
Other Investing Activities	-0.06	-0.06	24.4	-23.55	-	-
Investing Cash Flow	-2.84	-15.43	9.9	-124.08	-137.13	-91.91
Long-Term Debt Issued	-	327.95	210	234.8	-	49.18
Long-Term Debt Repaid	-	-225.71	-197.34	-115.75	-13.02	-11.8
Net Debt Issued (Repaid)	-9.44	102.24	12.66	119.05	-13.02	37.38
Issuance of Common Stock	0.24	0.4	0.03	0.09	0.7	2,140
Other Financing Activities	-11.47	-12.16	-12.42	-6.79	-18.3	-27.3
Financing Cash Flow	-20.67	90.49	0.28	112.35	-30.62	2,859
Foreign Exchange Rate Adjustments	1.48	9.84	10.81	97.39	-67.25	-130.78
Net Cash Flow	-222.15	-248.53	-377.43	-451.06	-796.2	2,376
Free Cash Flow	-202.73	-338.67	-410.83	-613.6	-634.29	-385.24
Free Cash Flow Margin	-114.05%	-214.05%	-236.30%	-421.13%	-2059.57%	-
Free Cash Flow Per Share	-0.49	-0.82	-1.00	-1.50	-1.59	-2.92
Cash Interest Paid	11.47	12.16	12.42	6.79	5.91	5.24
Levered Free Cash Flow	-114.78	-227.7	-218.11	-428.1	-575.04	-168.34
Unlevered Free Cash Flow	-107.02	-220.06	-210.35	-423.86	-573.36	-167.86
Change in Working Capital	-3.94	-29.81	3.19	-25.1	49.79	16.67

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