HKG:2513 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-4,072	-2,956	-787.96	-143.37
Depreciation & Amortization	281.12	278.53	68.85	19.96
Other Amortization	2.24	1.41	0.09	0.06
Loss (Gain) From Sale of Assets	-6.79	-6.81	1.54	-
Loss (Gain) From Sale of Investments	-69.06	-66.27	-26.02	-5.97
Loss (Gain) on Equity Investments	-35.08	-21.25	0.45	-
Stock-Based Compensation	178.21	23.58	5.5	1.02
Other Operating Activities	764.91	502.41	185.63	50.17
Change in Accounts Receivable	-78.4	-417.48	-279.07	-20
Change in Inventory	-7.98	-3.68	-18.37	-2.92
Change in Accounts Payable	474.34	415.97	143.19	12.89
Change in Unearned Revenue	-4.87	6.01	58.26	20.03
Change in Other Net Operating Assets	-3.93	-0.84	-0.11	-0.1
Operating Cash Flow	-2,577	-2,245	-648.02	-68.25
Capital Expenditures	-40.31	-125.96	-506.76	-31.65
Sale of Property, Plant & Equipment	114.61	114.6	-	0.01
Cash Acquisitions	-	-3	-61.09	-
Sale (Purchase) of Intangibles	-11.82	-6.8	-1.81	-
Investment in Securities	-528.64	-27.4	-215.31	64.57
Investing Cash Flow	-466.16	-48.56	-784.97	32.92
Short-Term Debt Issued	-	267.17	-	-
Total Debt Issued	967.17	267.17	-	-
Long-Term Debt Repaid	-	-147.39	-31.83	-11.11
Net Debt Issued (Repaid)	775.48	119.78	-31.83	-11.11
Issuance of Common Stock	-	-	97.75	-
Other Financing Activities	3,885	3,192	2,397	202.31
Financing Cash Flow	4,661	3,312	2,463	191.2
Foreign Exchange Rate Adjustments	2.61	0.39	0.19	-
Net Cash Flow	1,620	1,019	1,030	155.87
Free Cash Flow	-2,618	-2,371	-1,155	-99.9
Free Cash Flow Margin	-571.07%	-758.89%	-927.25%	-174.01%
Free Cash Flow Per Share	-164.10	-148.29	-76.47	-7.50
Cash Interest Paid	40.55	32.57	7.5	0.79
Levered Free Cash Flow	-	2,167	1,784	-
Unlevered Free Cash Flow	-	2,188	1,788	-
Change in Working Capital	379.16	-0.03	-96.09	9.89

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