HKG:2236 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	141.63	-196.12	-1,185	-92.61
Depreciation & Amortization	23.08	130.06	127.72	130.16
Other Amortization	5.51	4.76	3.92	3.47
Loss (Gain) From Sale of Assets	-0.24	-2.28	-27.81	0.49
Loss (Gain) From Sale of Investments	-8.52	-	-0.73	-0.01
Loss (Gain) on Equity Investments	-1.25	-4.67	-2.74	-2.63
Stock-Based Compensation	-	-	-1.73	4.18
Provision & Write-off of Bad Debts	-9.01	57.1	247.1	132.45
Other Operating Activities	24.99	-25.09	352.74	-40.93
Change in Accounts Receivable	784.84	583.66	88.56	-1,129
Change in Inventory	-419.62	-18.42	67.39	-132.48
Change in Accounts Payable	15.62	-430.21	-492.51	1,241
Change in Unearned Revenue	3.89	6.14	3.64	5.7
Change in Other Net Operating Assets	2,524	546.62	225.02	136.48
Operating Cash Flow	3,085	651.54	-594.91	256.48
Operating Cash Flow Growth	373.48%	-	-	-
Capital Expenditures	-14.21	-13.8	-3.73	-29.91
Sale of Property, Plant & Equipment	1.94	2.88	0.08	-
Sale (Purchase) of Intangibles	-8.51	-8.93	-10.2	-4.87
Sale (Purchase) of Real Estate	-	-	37.36	-
Investment in Securities	-698.59	-5.41	3.09	17.31
Other Investing Activities	15.67	14.69	13.17	13.07
Investing Cash Flow	-703.68	-10.57	39.77	-4.39
Long-Term Debt Issued	57.49	479.36	536.19	628.47
Total Debt Issued	57.49	479.36	536.19	628.47
Long-Term Debt Repaid	-63.84	-585.92	-538.96	-411.18
Total Debt Repaid	-63.84	-585.92	-538.96	-411.18
Net Debt Issued (Repaid)	-6.35	-106.56	-2.77	217.29
Other Financing Activities	-45.17	-57.42	-	-
Financing Cash Flow	-51.51	-163.98	-2.77	217.29
Foreign Exchange Rate Adjustments	6.21	23.32	14.81	-4.08
Net Cash Flow	2,336	500.3	-543.1	465.3
Free Cash Flow	3,071	637.74	-598.64	226.57
Free Cash Flow Growth	381.50%	-	-	-
Free Cash Flow Margin	54.37%	16.60%	-12.85%	3.61%
Free Cash Flow Per Share	0.75	0.16	-0.15	0.06
Cash Interest Paid	65.71	62.52	61.71	62.75
Cash Income Tax Paid	6.31	29.51	5.21	25.16
Levered Free Cash Flow	2,400	802.58	-938.3	-196.18
Unlevered Free Cash Flow	2,433	836.65	-881.28	-156.95
Change in Working Capital	2,909	687.79	-107.89	121.91

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