HKG:2582 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	-210.28	-73.3	-93.86	-71.19
Depreciation & Amortization	57.37	32.95	26.27	14.28
Loss (Gain) From Sale of Assets	-0.07	-	0.71	0.98
Loss (Gain) From Sale of Investments	1.02	7.47	-0.17	0.12
Loss (Gain) on Equity Investments	2.66	2.11	0.33	0.42
Stock-Based Compensation	60.48	4.8	-	-
Provision & Write-off of Bad Debts	22	6.13	2.38	21.55
Other Operating Activities	-12.12	5.81	-12.49	-15.59
Change in Accounts Receivable	-201.78	-114.34	-82.7	-139.75
Change in Inventory	47.84	111.74	-122.76	-73.13
Change in Accounts Payable	164.55	57.64	112.69	21.22
Change in Unearned Revenue	20.91	-4.64	35.85	-11.51
Change in Income Taxes	-	-	-	0.17
Change in Other Net Operating Assets	-15.93	-28.01	-40.13	-1.93
Operating Cash Flow	-63.35	8.36	-173.87	-254.36
Capital Expenditures	-203.09	-222.6	-204.85	-112.74
Sale of Property, Plant & Equipment	0.43	-	1.71	0.52
Investment in Securities	-172.01	-20.54	-18.98	-21.1
Other Investing Activities	1.29	4.45	-47.04	-16.07
Investing Cash Flow	-363.83	-248.69	-269.16	-149.38
Long-Term Debt Issued	528.65	576.72	445.06	122
Short-Term Debt Repaid	-	-	-0.83	-
Long-Term Debt Repaid	-441.17	-274.45	-79.28	-80.27
Total Debt Repaid	-441.17	-274.45	-80.11	-80.27
Net Debt Issued (Repaid)	87.48	302.26	364.95	41.73
Issuance of Common Stock	389.33	222.28	-	452.5
Other Financing Activities	-47.32	-27.99	-13.17	-8.47
Financing Cash Flow	429.49	496.55	351.78	485.76
Foreign Exchange Rate Adjustments	0.25	0.18	-	-
Net Cash Flow	2.57	256.4	-91.26	82.02
Free Cash Flow	-266.43	-214.24	-378.73	-367.1
Free Cash Flow Margin	-58.09%	-41.01%	-105.35%	-111.49%
Free Cash Flow Per Share	-2.68	-2.38	-4.21	-4.49
Cash Interest Paid	32.3	29.29	14.67	7.79
Cash Income Tax Paid	-	-	0	0
Levered Free Cash Flow	-341.02	-141.88	-203.44	-346.03
Unlevered Free Cash Flow	-320.51	-127.6	-195.95	-342.79
Change in Working Capital	15.59	22.4	-97.05	-204.93

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