HKG:2450 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	-21.97	37.49	67.41	64.71
Depreciation & Amortization	68.55	60.63	61.38	51.69
Asset Writedown & Restructuring Costs	13.35	-	-	-
Provision & Write-off of Bad Debts	-0.19	-19.2	-25.81	-6.08
Other Operating Activities	92.43	98.07	101.29	11.59
Change in Accounts Receivable	7.24	37.7	-12.96	52.33
Change in Inventory	1.43	1.66	-0.2	0.24
Change in Accounts Payable	11.86	-8.72	-39.4	67.7
Change in Other Net Operating Assets	-0.41	-0.36	3.52	2.66
Operating Cash Flow	172.29	207.27	155.23	244.84
Operating Cash Flow Growth	-16.88%	33.52%	-36.60%	-16.07%
Capital Expenditures	-5.53	-108.49	-296.99	-725.39
Investment in Securities	-232.53	-	-	-
Other Investing Activities	34.23	173	-173	105
Investing Cash Flow	-203.83	64.51	-469.99	-620.39
Short-Term Debt Issued	-	207	-	244.47
Long-Term Debt Issued	1,360	-	-	1,521
Total Debt Issued	1,360	207	-	1,765
Short-Term Debt Repaid	-335.1	-	-	-27
Long-Term Debt Repaid	-800.37	-100	-34.5	-643.87
Total Debt Repaid	-1,135	-100	-34.5	-670.87
Net Debt Issued (Repaid)	224.53	107	-34.5	1,094
Issuance of Common Stock	-	93.39	-	1.8
Common Dividends Paid	-7.39	-	-	-153.52
Other Financing Activities	61.07	-443.47	-191.74	-46.92
Financing Cash Flow	278.21	-243.08	-226.24	895.71
Foreign Exchange Rate Adjustments	-	4.29	-	-
Net Cash Flow	246.67	32.99	-540.99	520.17
Free Cash Flow	166.76	98.78	-141.75	-480.54
Free Cash Flow Growth	68.82%	-	-	-
Free Cash Flow Margin	70.61%	33.99%	-34.77%	-129.76%
Free Cash Flow Per Share	0.63	0.38	-0.72	-2.43
Cash Interest Paid	69.16	37.44	40.1	36.87
Cash Income Tax Paid	-14.17	-9.52	41.83	94.95
Levered Free Cash Flow	-334.77	-17.02	-210.58	-103.45
Unlevered Free Cash Flow	-281.54	21.8	-166.67	-69.93
Change in Working Capital	20.12	30.28	-49.04	122.94

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