HKG:2408 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	81.17	60.7	45.91	-35.97
Depreciation & Amortization	256.3	224.62	148.48	115.6
Other Amortization	2.31	1.87	1.17	0.85
Loss (Gain) From Sale of Assets	-4.62	-3.99	-1.23	0.31
Asset Writedown & Restructuring Costs	2.7	1.59	8.94	9.44
Loss (Gain) From Sale of Investments	-0.15	-0.26	-0.06	-0.01
Stock-Based Compensation	4.21	3.14	1.42	1.34
Other Operating Activities	29.16	25.34	19.55	2.28
Change in Accounts Receivable	-41.74	-29.99	-32.01	-6.05
Change in Inventory	-1.73	4.43	-10.46	2.97
Change in Accounts Payable	20.61	10.37	43.27	-1.6
Change in Unearned Revenue	34.62	23.49	25.18	17.68
Change in Other Net Operating Assets	-12.94	-7.76	-5.03	-2.07
Operating Cash Flow	369.9	313.55	245.13	104.77
Operating Cash Flow Growth	253.05%	27.91%	133.96%	-
Capital Expenditures	-106.33	-97.32	-60.75	-30.8
Sale of Property, Plant & Equipment	0.76	0.81	0.02	2.29
Sale (Purchase) of Intangibles	-2.53	-2.61	-1.26	-1.72
Investment in Securities	-24.87	-44.94	-18.04	-7
Other Investing Activities	1.12	0.96	2.02	1.22
Investing Cash Flow	-131.85	-143.09	-78.01	-36
Short-Term Debt Issued	-	50	25.12	35.39
Total Debt Issued	50	50	25.12	35.39
Short-Term Debt Repaid	-	-	-35.1	-25.41
Long-Term Debt Repaid	-	-177.08	-128.61	-68.95
Total Debt Repaid	-246.1	-177.08	-163.71	-94.36
Net Debt Issued (Repaid)	-196.1	-127.08	-138.59	-58.96
Common Dividends Paid	-14.73	-0.39	-19.15	-
Other Financing Activities	-32.98	-27.59	-19.13	-16.8
Financing Cash Flow	-243.51	-155.06	-176.87	-75.76
Foreign Exchange Rate Adjustments	-0.03	0.03	-	-
Net Cash Flow	-5.49	15.43	-9.76	-6.99
Free Cash Flow	263.57	216.22	184.38	73.98
Free Cash Flow Growth	256.28%	17.27%	149.24%	-
Free Cash Flow Margin	19.79%	18.73%	23.03%	17.69%
Free Cash Flow Per Share	0.45	0.37	0.32	0.13
Cash Interest Paid	29.25	27.46	19.13	16.8
Cash Income Tax Paid	15.98	13.4	7.68	0.17
Levered Free Cash Flow	-	190.06	154.74	-
Unlevered Free Cash Flow	-	207.22	166.69	-
Change in Working Capital	-1.18	0.54	20.96	10.94

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