HKG:2198 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	532.55	91.48	-307.88	380.61
Depreciation & Amortization	1,086	568.5	545.14	510.8
Other Amortization	3.76	9.31	0.2	0.18
Loss (Gain) From Sale of Assets	53.98	-194.52	0.56	-
Asset Writedown & Restructuring Costs	-	193.61	55.91	-
Loss (Gain) From Sale of Investments	-	-	40.64	-1.82
Provision & Write-off of Bad Debts	0.8	2.78	-6.01	-0.75
Other Operating Activities	356.06	56.31	-174.33	-53.06
Change in Accounts Receivable	-57.63	-865.31	-318.9	-95.88
Change in Inventory	-772.34	-862.57	-7.08	-111.8
Change in Accounts Payable	-326.48	859.34	-771.41	1,081
Change in Other Net Operating Assets	178.57	19.07	32.63	-80.58
Operating Cash Flow	1,056	-122.01	-910.52	1,628
Operating Cash Flow Growth	-	-	-	-6.43%
Capital Expenditures	-1,454	-1,164	-2,611	-2,463
Sale of Property, Plant & Equipment	9.23	0.6	-	-
Cash Acquisitions	-	-206.97	-	-169.1
Divestitures	-	152.82	-	-
Sale (Purchase) of Intangibles	-0.76	-6.01	-6.72	-2.16
Sale (Purchase) of Real Estate	-	-	-	-85.35
Investment in Securities	-17.43	251.88	142.64	426.91
Other Investing Activities	73.11	181.19	503.02	-995.52
Investing Cash Flow	-1,390	-790.28	-1,972	-3,288
Long-Term Debt Issued	11,819	11,469	9,415	4,523
Total Debt Issued	11,819	11,469	9,415	4,523
Long-Term Debt Repaid	-11,057	-11,342	-5,171	-2,476
Total Debt Repaid	-11,057	-11,342	-5,171	-2,476
Net Debt Issued (Repaid)	761.26	126.59	4,244	2,047
Repurchase of Common Stock	-1.49	-8.49	-	-9.95
Common Dividends Paid	-	-	-60.42	-417.39
Other Financing Activities	-226.5	940.21	-1,680	-138.91
Financing Cash Flow	533.27	1,058	2,504	1,481
Foreign Exchange Rate Adjustments	0.87	0.63	2.6	-3.75
Net Cash Flow	200.18	146.66	-376.22	-182.14
Free Cash Flow	-398.12	-1,286	-3,521	-834.29
Free Cash Flow Margin	-2.03%	-9.79%	-39.93%	-8.78%
Free Cash Flow Per Share	-0.34	-1.10	-2.99	-0.71
Cash Interest Paid	411.93	365.14	168.32	138.91
Cash Income Tax Paid	2.41	-43.21	65.93	126.02
Levered Free Cash Flow	-1,423	18.68	-4,354	-1,578
Unlevered Free Cash Flow	-1,164	153	-4,249	-1,496
Change in Working Capital	-977.88	-849.46	-1,065	792.43

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