HKG:2419 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	4,102	-1,775	992.87	-2,997
Depreciation & Amortization	913.89	845.4	723.89	564.68
Other Amortization	1.04	1.88	0.8	0.61
Loss (Gain) From Sale of Assets	25.99	8.95	1.07	3.32
Asset Writedown & Restructuring Costs	-904.31	713.62	-304.8	2,754
Loss (Gain) From Sale of Investments	-13.02	-6.04	-5.94	-13.31
Loss (Gain) on Equity Investments	0.94	0.1	16.38	3.27
Stock-Based Compensation	-	-	3.58	5.63
Provision & Write-off of Bad Debts	12.36	17.29	13.33	5.92
Other Operating Activities	272.65	4.45	213.45	10.31
Change in Accounts Receivable	-4.12	6.13	-7.7	-4.15
Change in Inventory	-43.53	0.65	-137.05	-126.05
Change in Accounts Payable	53.86	402.96	286.82	572.83
Change in Other Net Operating Assets	944.5	521.28	394.97	-372.74
Operating Cash Flow	5,362	741.52	2,192	406.53
Operating Cash Flow Growth	623.09%	-66.17%	439.12%	-75.68%
Capital Expenditures	-972.79	-1,310	-1,232	-2,563
Sale of Property, Plant & Equipment	9.06	47.31	73.48	2.83
Divestitures	-	-	1.04	0.39
Sale (Purchase) of Intangibles	-4.17	-1.63	-1.46	-1.26
Investment in Securities	-733.97	352.84	-295	606.72
Other Investing Activities	144.55	219.09	207.06	193.76
Investing Cash Flow	-1,557	-692.05	-1,246	-1,760
Long-Term Debt Issued	5,560	5,521	4,396	4,384
Long-Term Debt Repaid	-7,520	-6,480	-3,638	-2,641
Net Debt Issued (Repaid)	-1,960	-959.19	757.99	1,743
Issuance of Common Stock	-	846.9	-	120
Common Dividends Paid	-	-100	-	-
Other Financing Activities	95.25	-133.26	-668.99	-412.52
Financing Cash Flow	-1,865	-345.55	89.01	1,451
Foreign Exchange Rate Adjustments	7.46	-2.34	-	-
Net Cash Flow	1,947	-298.43	1,034	97.1
Free Cash Flow	4,389	-568.14	960.14	-2,156
Free Cash Flow Margin	19.54%	-3.52%	6.39%	-21.78%
Free Cash Flow Per Share	11.29	-1.56	2.65	-5.99
Cash Interest Paid	433.32	469.76	444.2	371.28
Cash Income Tax Paid	0.11	0.21	5.61	5.96
Levered Free Cash Flow	1,845	245.73	-465.48	-1,436
Unlevered Free Cash Flow	2,102	521.68	-212.18	-1,241
Change in Working Capital	950.71	931.01	537.04	69.89

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