HKG:2185 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	-89.33	-87.94	-175.89	-204.24	-361.45	-325.52
Depreciation & Amortization	11.81	8.05	21.27	20.86	13.23	8.64
Other Amortization	0.12	0.12	0.09	-	-	-
Loss (Gain) From Sale of Assets	1.47	1.47	30.51	0	-	-
Loss (Gain) From Sale of Investments	32.17	32.17	-0.47	-	-	-
Loss (Gain) on Equity Investments	0.58	0.99	1.63	1.43	-	-
Stock-Based Compensation	-	-	47.63	140.48	318.72	268.12
Other Operating Activities	2.18	-7.34	-19.5	-50.63	-42.05	1.21
Change in Inventory	-19.79	-14.35	-3.98	-	-	-
Change in Accounts Payable	0	0.1	-	-0.01	-	3.56
Change in Unearned Revenue	17.94	-0.6	-0.92	-0.98	1.37	-1.75
Change in Other Net Operating Assets	3.67	-52.22	50.6	-47.53	-18.3	-2.75
Operating Cash Flow	-51.33	-119.55	-49.03	-140.62	-88.47	-48.49
Capital Expenditures	-27.55	-47.14	-17.72	-30.04	-34.27	-5.75
Sale of Property, Plant & Equipment	-	-	0.11	-	-	-
Cash Acquisitions	-	-	-	-	-	-220.42
Sale (Purchase) of Intangibles	-	-	-0.26	-	-0.43	-
Investment in Securities	-157.8	-	-15	-74.66	-	-
Other Investing Activities	0.67	1.11	4	4.01	0.97	1.01
Investing Cash Flow	-184.67	-46.03	-28.86	-100.69	-33.73	-225.15
Short-Term Debt Repaid	-	-	-	-	-	-5.35
Long-Term Debt Repaid	-	-2.12	-5.26	-3.59	-4.29	-1.17
Total Debt Repaid	-2.1	-2.12	-5.26	-3.59	-4.29	-6.51
Net Debt Issued (Repaid)	-2.1	-2.12	-5.26	-3.59	-4.29	-6.51
Issuance of Common Stock	-	-	-	-	395.25	733.39
Repurchase of Common Stock	-	-	-	-29.44	-	-
Other Financing Activities	152.41	-0.32	-0.56	-2.15	-7.27	-3.88
Financing Cash Flow	150.31	-2.44	-5.82	-35.18	383.68	722.99
Foreign Exchange Rate Adjustments	0.18	0.97	1.82	19.27	-6.61	-16.35
Net Cash Flow	-85.52	-167.05	-81.88	-257.21	254.86	433
Free Cash Flow	-78.88	-166.69	-66.74	-170.65	-122.75	-54.24
Free Cash Flow Per Share	-0.32	-0.69	-0.27	-0.70	-0.56	-0.40
Levered Free Cash Flow	-58	-134.87	-3.8	-77.41	26.76	66.45
Unlevered Free Cash Flow	-55.81	-134.83	-3.44	-76.81	27.19	66.49
Change in Working Capital	-10.34	-67.07	45.71	-48.52	-16.93	-0.94

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