HKG:2190 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	100.26	-78.73	-113.56	-199.69
Depreciation & Amortization	37.85	35.88	26.27	13.38
Loss (Gain) From Sale of Assets	0.05	0.59	9.13	-0.02
Asset Writedown & Restructuring Costs	6.74	-	-	-
Loss (Gain) From Sale of Investments	36.25	8.53	-4.78	-13.93
Loss (Gain) on Equity Investments	1.1	-	-	-
Stock-Based Compensation	23.74	85.77	87.68	76.21
Other Operating Activities	-19.11	13.63	-23.52	5
Change in Accounts Receivable	-0.35	-0.17	-0.57	-0.33
Change in Inventory	-38.93	-47.3	-61.97	-28.28
Change in Accounts Payable	24.94	36.39	36.76	44.55
Change in Other Net Operating Assets	1.55	43.86	-46.75	-13.11
Operating Cash Flow	174.08	98.44	-91.32	-116.21
Operating Cash Flow Growth	76.83%	-	-	-
Capital Expenditures	-191.34	-190.92	-134.74	-78.11
Sale of Property, Plant & Equipment	0.07	0.39	-	0.11
Sale (Purchase) of Intangibles	-	-	-10.55	-11.49
Investment in Securities	-617.81	-24.39	50.24	-1,239
Other Investing Activities	7.72	8.67	-	-
Investing Cash Flow	-801.36	-206.24	-95.05	-1,328
Long-Term Debt Issued	87	50	-	5
Long-Term Debt Repaid	-54.58	-6.41	-4.89	-39.2
Net Debt Issued (Repaid)	32.42	43.59	-4.89	-34.2
Issuance of Common Stock	0.06	-	-	2,968
Repurchase of Common Stock	-72.28	-53.8	-24.64	-9.15
Other Financing Activities	-2.18	-1.25	-0.72	-115.06
Financing Cash Flow	-41.98	-11.46	-30.26	2,810
Foreign Exchange Rate Adjustments	0.79	0.54	3.57	-6.46
Net Cash Flow	-668.47	-118.72	-213.06	1,359
Free Cash Flow	-17.26	-92.48	-226.06	-194.32
Free Cash Flow Margin	-2.21%	-17.52%	-67.66%	-109.22%
Free Cash Flow Per Share	-0.05	-0.28	-0.68	-0.66
Cash Interest Paid	2.18	1.25	0.72	0.31
Levered Free Cash Flow	-151.41	-52.65	-226.74	-129.84
Unlevered Free Cash Flow	-151.41	-52.65	-226.29	-129.65
Change in Working Capital	-12.79	32.78	-72.54	2.83

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.