HKG:2555 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	561.04	472.18	1,139	954.32	755.82
Depreciation & Amortization	66.93	69.7	63.41	46.13	25.67
Other Amortization	26.75	19.78	3.6	1.76	0.18
Loss (Gain) From Sale of Assets	0.39	0.39	0.15	0.37	0.53
Loss (Gain) From Sale of Investments	-34.9	-34.9	-29.12	-18.79	-11.42
Loss (Gain) on Equity Investments	17.59	17.59	-	-	-
Stock-Based Compensation	12.83	12.83	-	-	114.88
Other Operating Activities	-7.44	86.37	77.98	28.54	-56.56
Change in Accounts Receivable	60.32	-156.23	5.19	8.04	-90.51
Change in Inventory	-5.65	-5.65	-8.69	-79.4	-24.48
Change in Accounts Payable	-33.12	-33.12	126.16	233.33	455.1
Change in Unearned Revenue	-104.9	-104.9	10.08	11.09	84.56
Change in Other Net Operating Assets	10.71	-	-	0.57	16.34
Operating Cash Flow	570.54	344.02	1,388	1,186	1,270
Operating Cash Flow Growth	-20.29%	-75.21%	17.04%	-6.63%	-
Capital Expenditures	-20.77	-64.66	-85.03	-64.26	-64.85
Sale of Property, Plant & Equipment	2.12	1.62	0.07	0.78	8.53
Divestitures	-	-	0.5	-	-
Sale (Purchase) of Intangibles	-57.8	-66.27	-18.5	-11.3	-7.08
Investment in Securities	157.01	343.6	-848.54	-383.74	-218.09
Other Investing Activities	72.87	72.59	28.95	42.99	-409.65
Investing Cash Flow	153.43	286.87	-922.54	-415.52	-691.14
Short-Term Debt Issued	-	-	-	-	21.81
Total Debt Issued	-	-	-	-	21.81
Short-Term Debt Repaid	-	-	-	-21.46	-0.06
Long-Term Debt Repaid	-	-55.83	-45.22	-43	-19.41
Total Debt Repaid	-47.92	-55.83	-45.22	-64.45	-19.47
Net Debt Issued (Repaid)	-47.92	-55.83	-45.22	-64.45	2.34
Issuance of Common Stock	-	2,345	54.43	-	108.07
Common Dividends Paid	-578.48	-13.2	-949.5	-600	-408.36
Other Financing Activities	11.38	-62.98	964.82	-8.07	-281.1
Financing Cash Flow	-615.03	2,213	24.54	-672.52	-579.05
Net Cash Flow	108.95	2,844	489.96	97.89	-0.1
Free Cash Flow	549.77	279.36	1,303	1,122	1,205
Free Cash Flow Growth	-7.18%	-78.56%	16.16%	-6.93%	-
Free Cash Flow Margin	10.95%	5.68%	22.84%	26.51%	33.07%
Free Cash Flow Per Share	0.37	0.20	1.12	1.12	1.22
Cash Interest Paid	3.7	4.31	3.69	4.57	2.67
Cash Income Tax Paid	159.85	159.85	221.31	170.02	223.69
Levered Free Cash Flow	427.32	630.03	1,143	948.62	-
Unlevered Free Cash Flow	429.63	632.72	1,145	951.47	-
Change in Working Capital	-72.65	-299.91	132.74	173.63	441.01

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