HKG:2155 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	737.24	844.68	669.27	381.84
Depreciation & Amortization	190.81	128.07	98.44	79.34
Other Amortization	3.98	17.37	15.37	13.67
Loss (Gain) From Sale of Assets	0.55	0.38	1.1	0.61
Loss (Gain) From Sale of Investments	-10.92	-10.41	15.13	-4.69
Loss (Gain) on Equity Investments	0.49	7.88	4.73	0.03
Stock-Based Compensation	60.84	91.69	139.39	67.55
Other Operating Activities	119.66	92.89	87.7	127.15
Change in Accounts Receivable	71.89	-375.89	-497.22	-759.91
Change in Inventory	1,004	413.26	-984.1	-425.56
Change in Accounts Payable	-158.42	36.77	587.36	359.06
Change in Unearned Revenue	-859.94	-597.78	760.23	1,329
Change in Other Net Operating Assets	4.53	7.01	-13.14	4.17
Operating Cash Flow	1,152	671.28	882.37	1,175
Operating Cash Flow Growth	71.69%	-23.92%	-24.91%	654.92%
Capital Expenditures	-430.7	-570.78	-867.05	-443.46
Sale of Property, Plant & Equipment	1.02	2.62	1.12	0.82
Cash Acquisitions	104.03	-	-1.07	-
Investment in Securities	-500.05	100.26	-274.19	-7.61
Other Investing Activities	59.99	59.77	15.26	2.12
Investing Cash Flow	-765.72	-408.13	-1,126	-448.13
Long-Term Debt Issued	17.62	103	430.92	482.33
Total Debt Issued	17.62	103	430.92	482.33
Long-Term Debt Repaid	-178.08	-186.4	-370.63	-556.14
Total Debt Repaid	-178.08	-186.4	-370.63	-556.14
Net Debt Issued (Repaid)	-160.45	-83.4	60.29	-73.81
Issuance of Common Stock	0	601.26	0	593.49
Repurchase of Common Stock	-15.22	-	-	-
Common Dividends Paid	-110.81	-	-	-30
Other Financing Activities	142.43	-10.89	-3.24	-44.69
Financing Cash Flow	-144.06	506.98	57.05	444.99
Foreign Exchange Rate Adjustments	13.37	28.2	7.99	-50.17
Net Cash Flow	256.08	798.32	-178.52	1,122
Free Cash Flow	721.79	100.5	15.32	731.6
Free Cash Flow Growth	618.22%	555.99%	-97.91%	2724.62%
Free Cash Flow Margin	10.39%	1.36%	0.24%	17.07%
Free Cash Flow Per Share	0.58	0.08	0.01	0.73
Cash Interest Paid	11.43	14.22	13.24	22.79
Cash Income Tax Paid	174.45	104.8	62.04	-
Levered Free Cash Flow	602.97	-239.54	-294.46	597.82
Unlevered Free Cash Flow	609.5	-231.23	-284.49	612.06
Change in Working Capital	49.84	-501.27	-148.75	509.56

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