HKG:2460 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	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,637	1,637	1,329	989.81	858.14
Depreciation & Amortization	575.82	575.82	464.38	326.09	272.26
Loss (Gain) From Sale of Assets	13.57	13.57	13.84	3.37	6.78
Provision & Write-off of Bad Debts	1.18	1.18	3.82	27.22	-9.48
Other Operating Activities	-704.07	-154.88	-113.98	-226.96	-340.84
Change in Accounts Receivable	89.07	309.28	-62.82	-75.72	-111.69
Change in Inventory	-27.46	-105.44	210.74	-174.03	-160.22
Change in Accounts Payable	-734.6	-937.12	-19.83	-2.6	213.17
Change in Unearned Revenue	514.39	53.92	-107.31	-22.25	99.07
Operating Cash Flow	1,365	1,393	1,718	844.93	827.19
Operating Cash Flow Growth	61.50%	-18.92%	103.35%	2.14%	-
Capital Expenditures	-1,719	-1,981	-2,251	-722.89	-314.68
Sale of Property, Plant & Equipment	21.56	20.15	8.45	2.29	2.48
Cash Acquisitions	-	-150.92	-	0.04	-
Investment in Securities	-2,183	-972.71	-3,459	-15.19	17.88
Other Investing Activities	202.36	110.73	3,611	736.97	976.27
Investing Cash Flow	-3,678	-2,974	-2,090	1.22	681.95
Short-Term Debt Issued	-	48.61	5,900	-	-
Total Debt Issued	14.74	48.61	5,900	-	-
Short-Term Debt Repaid	-	-31.87	-5,900	-0.02	-0.05
Long-Term Debt Repaid	-	-20.1	-17.03	-19.57	-17.64
Total Debt Repaid	-51.74	-51.98	-5,917	-19.58	-17.69
Net Debt Issued (Repaid)	-37	-3.37	-17.03	-19.58	-17.69
Issuance of Common Stock	5,298	5,298	-	-	-
Other Financing Activities	-94.83	-134.81	-43.57	-1.62	-1.78
Financing Cash Flow	5,167	5,160	-60.6	-21.2	-19.47
Foreign Exchange Rate Adjustments	-39.75	46.44	-0.07	-0.13	1.47
Net Cash Flow	2,814	3,626	-432.93	824.82	1,491
Free Cash Flow	-354.01	-587.84	-532.69	122.04	512.51
Free Cash Flow Growth	-	-	-	-76.19%	-
Free Cash Flow Margin	-2.92%	-4.35%	-3.94%	0.97%	4.52%
Free Cash Flow Per Share	-0.16	-0.28	-0.27	0.06	0.26
Cash Interest Paid	2.79	2.41	42.52	1.62	1.78
Cash Income Tax Paid	593.78	534.71	420.05	366.01	470.32
Levered Free Cash Flow	-	838.69	3,681	872.72	-
Unlevered Free Cash Flow	-	840.21	3,707	873.73	-
Change in Working Capital	-158.6	-679.36	20.79	-274.6	40.33

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.