HKG:2480 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	-135.87	-168.24	-249.35	-725.18	-539.36
Depreciation & Amortization	25.01	25.01	16.11	9.88	6.54
Other Amortization	-	-	-	2.55	6.19
Loss (Gain) From Sale of Assets	0.25	0.25	-0.06	0	0.01
Loss (Gain) From Sale of Investments	-11.1	-11.1	-11.38	-13.87	-10.8
Stock-Based Compensation	33.5	33.5	73.58	111.41	76.24
Other Operating Activities	-71.13	-8.43	-17.14	539.76	440.03
Change in Accounts Receivable	34.94	34.94	-23.83	-14.38	-4.28
Change in Inventory	-2.26	-2.26	-0.94	2.79	-5.24
Change in Unearned Revenue	-	-	-	0.76	17.04
Change in Other Net Operating Assets	10.24	10.24	23.05	9.01	-5.53
Operating Cash Flow	-116.42	-86.09	-189.95	-77.27	-19.17
Capital Expenditures	-104.33	-94.37	-85.78	-208.21	-59.92
Sale of Property, Plant & Equipment	-	-	0.11	-	-
Sale (Purchase) of Intangibles	-2.81	-4.02	-	-3.57	-
Investment in Securities	16.84	47.89	173.7	33.57	-343.24
Other Investing Activities	1.44	2.92	10.56	-45.05	-0.84
Investing Cash Flow	-88.87	-47.58	98.58	-223.26	-404
Long-Term Debt Issued	-	54.86	10	338	450
Long-Term Debt Repaid	-	-7	-3.06	-0.52	-
Net Debt Issued (Repaid)	190.58	47.86	6.94	337.48	450
Issuance of Common Stock	-	-	300.18	8.7	12.31
Repurchase of Common Stock	-69.2	-32.31	-	-	-
Other Financing Activities	-3.49	-0.66	-33.95	-9.2	-7.32
Financing Cash Flow	117.9	14.89	273.17	336.98	454.99
Foreign Exchange Rate Adjustments	-1.09	1.01	7.11	0.5	-
Net Cash Flow	-88.47	-117.77	188.92	36.95	31.83
Free Cash Flow	-220.75	-180.45	-275.72	-285.47	-79.08
Free Cash Flow Per Share	-1.10	-0.89	-1.39	-1.96	-0.87
Cash Interest Paid	3.49	0.66	0.17	0.06	-
Levered Free Cash Flow	-181.42	-164.9	-157.51	-139.9	-
Unlevered Free Cash Flow	-179.06	-163.99	-156.98	-142	-
Change in Working Capital	42.92	42.92	-1.72	-1.82	1.98

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