HKG:2190 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	152.59	100.26	-78.73	-113.56	-199.69	-100.47
Depreciation & Amortization	39.14	37.85	35.88	26.27	13.38	9.64
Loss (Gain) From Sale of Assets	0.05	0.05	0.59	9.13	-0.02	-0.03
Asset Writedown & Restructuring Costs	6.74	6.74	-	-	-	-
Loss (Gain) From Sale of Investments	36.25	36.25	8.53	-4.78	-13.93	-1.62
Loss (Gain) on Equity Investments	1.1	1.1	-	-	-	-
Stock-Based Compensation	23.74	23.74	85.77	87.68	76.21	23.11
Other Operating Activities	-23.26	-19.11	13.63	-23.52	5	1.27
Change in Accounts Receivable	-0.35	-0.35	-0.17	-0.57	-0.33	0.88
Change in Inventory	-38.93	-38.93	-47.3	-61.97	-28.28	-19.04
Change in Accounts Payable	24.94	24.94	36.39	36.76	44.55	16
Change in Unearned Revenue	-	-	-	-	-	-4.5
Change in Other Net Operating Assets	1.55	1.55	43.86	-46.75	-13.11	-7.58
Operating Cash Flow	223.55	174.08	98.44	-91.32	-116.21	-82.33
Operating Cash Flow Growth	1.16%	76.83%	-	-	-	-
Capital Expenditures	-121.35	-191.34	-190.92	-134.74	-78.11	-45.14
Sale of Property, Plant & Equipment	0.04	0.07	0.39	-	0.11	0.04
Sale (Purchase) of Intangibles	-	-	-	-10.55	-11.49	-
Investment in Securities	-36.72	-617.81	-24.39	50.24	-1,239	-204.08
Other Investing Activities	4.07	7.72	8.67	-	-	-
Investing Cash Flow	-153.96	-801.36	-206.24	-95.05	-1,328	-249.18
Long-Term Debt Issued	-	87	50	-	5	35.5
Long-Term Debt Repaid	-	-54.58	-6.41	-4.89	-39.2	-25.67
Net Debt Issued (Repaid)	-0.22	32.42	43.59	-4.89	-34.2	9.83
Issuance of Common Stock	7.56	0.06	-	-	2,968	336.38
Repurchase of Common Stock	-109.77	-72.28	-53.8	-24.64	-9.15	-
Other Financing Activities	-2.16	-2.18	-1.25	-0.72	-115.06	-0.67
Financing Cash Flow	-136.79	-41.98	-11.46	-30.26	2,810	345.54
Foreign Exchange Rate Adjustments	-0.32	0.79	0.54	3.57	-6.46	-0.6
Net Cash Flow	-67.51	-668.47	-118.72	-213.06	1,359	13.43
Free Cash Flow	102.2	-17.26	-92.48	-226.06	-194.32	-127.47
Free Cash Flow Margin	11.38%	-2.21%	-17.52%	-67.66%	-109.22%	-461.34%
Free Cash Flow Per Share	0.31	-0.05	-0.28	-0.68	-0.66	-0.65
Cash Interest Paid	2.16	2.18	1.25	0.72	0.31	0.67
Levered Free Cash Flow	-71.18	-151.41	-52.65	-226.74	-129.84	-75.74
Unlevered Free Cash Flow	-71.18	-151.41	-52.65	-226.29	-129.65	-75.32
Change in Working Capital	-12.79	-12.79	32.78	-72.54	2.83	-14.23

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