HKG:2156 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	323.48	467.35	247.21	159.37
Depreciation & Amortization	28.35	25.94	21.04	14.56
Other Amortization	1.28	0.77	0.08	-
Loss (Gain) From Sale of Assets	-	-	-0.08	-
Asset Writedown & Restructuring Costs	1.1	1.1	0.41	0.26
Loss (Gain) on Equity Investments	-1.71	0.06	0.53	-0.4
Stock-Based Compensation	18.04	12.55	15.04	2.61
Provision & Write-off of Bad Debts	6.38	3.23	4.59	0.47
Other Operating Activities	-147.75	96.12	-46.64	-18.7
Change in Accounts Receivable	-127.32	-186.89	-154.11	-62.41
Change in Inventory	-18.76	-5.39	-27.33	-10.12
Change in Accounts Payable	121.19	297.31	231.58	216.6
Change in Unearned Revenue	66.18	-543.66	200.48	599.96
Change in Other Net Operating Assets	-5.29	17.03	2.96	-15.67
Operating Cash Flow	265.15	185.53	495.75	886.53
Operating Cash Flow Growth	42.92%	-62.58%	-44.08%	209.23%
Capital Expenditures	-13.83	-28.1	-13.66	-10.43
Cash Acquisitions	-	-	-25.5	-13.63
Sale (Purchase) of Intangibles	-3.76	-2.2	-3.48	-0.12
Investment in Securities	-	-	-	-1.47
Other Investing Activities	84.56	51.06	48.55	22.14
Investing Cash Flow	66.97	20.76	5.91	-3.5
Short-Term Debt Issued	11.58	1.56	-	-
Long-Term Debt Issued	-	10	10	-
Total Debt Issued	11.58	11.56	10	-
Short-Term Debt Repaid	-5.02	-0.13	-1.65	-3.56
Long-Term Debt Repaid	-18.73	-8.74	-8.26	-5.46
Total Debt Repaid	-23.75	-8.86	-9.91	-9.02
Net Debt Issued (Repaid)	-12.17	2.7	0.09	-9.02
Issuance of Common Stock	19.19	168.03	4.12	501.83
Common Dividends Paid	-333.37	-123.71	-68.57	-
Other Financing Activities	-63.34	-4.04	4.37	-0.56
Financing Cash Flow	-389.69	42.99	-59.99	492.26
Net Cash Flow	-57.56	249.28	441.67	1,375
Free Cash Flow	251.33	157.43	482.09	876.1
Free Cash Flow Growth	59.64%	-67.34%	-44.97%	214.22%
Free Cash Flow Margin	7.63%	4.41%	21.05%	56.28%
Free Cash Flow Per Share	0.18	0.12	0.36	0.74
Cash Interest Paid	1.81	2.62	0.65	0.6
Cash Income Tax Paid	169.47	89.01	53.07	42.87
Levered Free Cash Flow	212.08	104.61	409.64	929.76
Unlevered Free Cash Flow	213.21	106.24	410.04	930.13
Change in Working Capital	35.99	-421.6	253.57	728.36

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