HKG:2451 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	116.76	145.61	118.03	59.26
Depreciation & Amortization	108.02	90.8	74.45	62.44
Other Amortization	0.8	0.93	0.96	0.97
Loss (Gain) From Sale of Assets	-0.2	0.21	-1.73	0.76
Loss (Gain) From Sale of Investments	-20.28	-14.68	-24.78	-15.77
Loss (Gain) on Equity Investments	1.16	-0.07	-0.2	-0.31
Stock-Based Compensation	37.92	17.97	-	-
Other Operating Activities	12.53	19.73	22.46	10.1
Change in Accounts Receivable	-137.24	80.38	-149.05	-14.2
Change in Inventory	-49.04	191.64	-57.6	-179.65
Change in Accounts Payable	71.18	-154.58	433.18	369.97
Change in Unearned Revenue	8.68	-13.67	13.5	25.76
Change in Other Net Operating Assets	-153.4	-103.64	80.68	-174.94
Operating Cash Flow	-3.12	260.63	509.89	144.39
Operating Cash Flow Growth	-	-48.89%	253.14%	-
Capital Expenditures	-433.38	-203.3	-224.33	-317.11
Sale of Property, Plant & Equipment	1.95	0.26	3.56	0.19
Divestitures	-	-	0.03	43.94
Sale (Purchase) of Intangibles	-	-	-9.39	-29
Investment in Securities	-29.55	-120.78	-158.96	-298.71
Other Investing Activities	12.34	10.75	60.13	48.65
Investing Cash Flow	-448.64	-310.78	-294.1	-562.52
Short-Term Debt Issued	-	-	-	3.27
Long-Term Debt Issued	1,581	1,200	913.36	950.69
Total Debt Issued	1,581	1,200	913.36	953.96
Short-Term Debt Repaid	-	-	-3.27	-
Long-Term Debt Repaid	-1,226	-1,217	-925.82	-474.51
Total Debt Repaid	-1,226	-1,217	-929.09	-474.51
Net Debt Issued (Repaid)	355.37	-16.99	-15.73	479.45
Issuance of Common Stock	-	699.58	-	-
Repurchase of Common Stock	-183.5	-	-	-
Other Financing Activities	-158.97	-27.88	-29.13	-14.6
Financing Cash Flow	12.91	654.71	-44.86	464.85
Foreign Exchange Rate Adjustments	-1.62	-4.63	2.09	-0.08
Net Cash Flow	-440.46	599.93	173.03	46.64
Free Cash Flow	-436.49	57.32	285.56	-172.72
Free Cash Flow Growth	-	-79.93%	-	-
Free Cash Flow Margin	-8.61%	1.13%	5.97%	-5.05%
Free Cash Flow Per Share	-1.08	0.17	0.89	-5.40
Cash Interest Paid	21.91	21.54	24.63	14.6
Cash Income Tax Paid	10.14	2.72	2.27	2.67
Levered Free Cash Flow	-580.86	-87.7	216.98	-101.2
Unlevered Free Cash Flow	-567.12	-73.96	232.46	-91.59
Change in Working Capital	-259.81	0.14	320.7	26.94

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