HKG:2591 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-221.89	-174.69	-733.38
Depreciation & Amortization	11.27	16.76	19.54
Other Amortization	0.17	0.17	0.1
Loss (Gain) From Sale of Assets	-	0.3	-
Loss (Gain) From Sale of Investments	0.08	-0.19	-1.13
Stock-Based Compensation	19.99	16.04	538.9
Other Operating Activities	-9.77	-12.58	-8.43
Change in Inventory	-33.8	-25.59	0.23
Change in Accounts Payable	58.84	2.71	15.64
Change in Other Net Operating Assets	14.29	14.46	3.92
Operating Cash Flow	-169.42	-162.62	-164.6
Capital Expenditures	-5.04	-3.95	-12.05
Sale (Purchase) of Intangibles	-2.24	-0.38	-0.15
Investment in Securities	218.1	280.28	-145.02
Investing Cash Flow	210.82	275.95	-157.21
Short-Term Debt Issued	-	9.9	1
Total Debt Issued	49.93	9.9	1
Short-Term Debt Repaid	-	-1	-1
Long-Term Debt Repaid	-	-0.81	-4.45
Total Debt Repaid	-12.31	-1.81	-5.45
Net Debt Issued (Repaid)	37.61	8.1	-4.45
Issuance of Common Stock	-	250	367.81
Other Financing Activities	-3.62	-3.26	-11.66
Financing Cash Flow	34	254.84	351.71
Foreign Exchange Rate Adjustments	0.25	0.7	0.71
Net Cash Flow	75.64	368.87	30.61
Free Cash Flow	-174.46	-166.57	-176.64
Free Cash Flow Per Share	-0.41	-0.40	-0.46
Cash Interest Paid	0.43	0.87	2.32
Levered Free Cash Flow	-	-95.73	-
Unlevered Free Cash Flow	-	-95.18	-
Change in Working Capital	30.73	-8.41	19.79

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