HKG:2298 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	126.16	42.48	33.02	-493.99
Depreciation & Amortization	284.4	285.32	331.26	376.87
Other Amortization	0.04	0.05	7.31	7.67
Loss (Gain) From Sale of Assets	-1.07	-1.16	-0.31	0.1
Asset Writedown & Restructuring Costs	6.75	9.24	-2.62	1.88
Loss (Gain) From Sale of Investments	-	-	-2.84	1.09
Loss (Gain) on Equity Investments	0.82	-3.97	26.01	-7.77
Stock-Based Compensation	2.18	-1.27	6.04	5.82
Provision & Write-off of Bad Debts	6.41	-32.1	-45.5	9.29
Other Operating Activities	60.71	76.32	1.66	268.51
Change in Accounts Receivable	-70.97	8.56	28.91	12.32
Change in Inventory	-68.92	39.43	243.71	-316.53
Change in Accounts Payable	-227.96	5.88	-394.27	287.89
Change in Unearned Revenue	-0.23	-0.24	-58.43	49
Change in Other Net Operating Assets	205.55	-65.62	56.57	-34.92
Operating Cash Flow	323.87	362.92	230.53	167.23
Operating Cash Flow Growth	-10.76%	57.43%	37.85%	-69.89%
Capital Expenditures	-80	-336.39	-78.68	-103.34
Sale of Property, Plant & Equipment	11.59	1.49	27.41	4.28
Divestitures	-	0.12	-	-0.71
Sale (Purchase) of Intangibles	-6.9	-8.93	-5.21	-5.79
Investment in Securities	12.02	5.96	82.12	146.98
Other Investing Activities	13.1	112.01	10.17	20.4
Investing Cash Flow	-50.19	-225.74	35.81	61.81
Long-Term Debt Issued	275	279.21	295	200
Long-Term Debt Repaid	-468.41	-414.38	-572.42	-601.39
Net Debt Issued (Repaid)	-193.41	-135.17	-277.42	-401.39
Repurchase of Common Stock	-	-8.82	-	-6.58
Common Dividends Paid	-22.82	-	-	-
Other Financing Activities	-27.42	-40.01	61.22	-9.89
Financing Cash Flow	-243.65	-184	-216.2	-417.86
Foreign Exchange Rate Adjustments	1.58	-1.1	-11.6	-10.21
Net Cash Flow	31.61	-47.93	38.54	-199.02
Free Cash Flow	243.87	26.53	151.85	63.89
Free Cash Flow Growth	819.19%	-82.53%	137.67%	-84.66%
Free Cash Flow Margin	8.10%	0.96%	5.05%	1.90%
Free Cash Flow Per Share	0.11	0.01	0.07	0.03
Cash Interest Paid	27.22	36.96	22.43	35.94
Cash Income Tax Paid	9.67	0.12	5.44	10.24
Levered Free Cash Flow	-27.49	227.34	84.93	252.37
Unlevered Free Cash Flow	-10.48	246.21	106.07	285.61
Change in Working Capital	-162.54	-11.99	-123.51	-2.25

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