HKG:2595 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	-926.94	-677.64	-508.32
Depreciation & Amortization	11.82	13.94	17.67
Other Amortization	0.18	0.18	0.19
Loss (Gain) From Sale of Assets	0.01	0.01	0.14
Loss (Gain) From Sale of Investments	-0.11	-0.4	-3.59
Stock-Based Compensation	21.94	26.94	36.97
Other Operating Activities	761.66	395.18	253.63
Change in Accounts Receivable	-25.12	-36.8	-32.95
Change in Inventory	0.35	-3.53	0.54
Change in Accounts Payable	64	148.58	7.76
Change in Unearned Revenue	3.39	-60.21	11.21
Change in Other Net Operating Assets	-5.11	-12.64	14.69
Operating Cash Flow	-93.93	-206.4	-202.06
Capital Expenditures	-0.25	-0.24	-0.59
Sale of Property, Plant & Equipment	-	0	0.01
Sale (Purchase) of Intangibles	-0.03	-0.03	-
Investment in Securities	116.79	0.99	264.02
Investing Cash Flow	116.52	0.73	263.44
Short-Term Debt Issued	-	56.93	5.31
Total Debt Issued	100.13	56.93	5.31
Short-Term Debt Repaid	-	-11.11	-22.77
Long-Term Debt Repaid	-	-5.14	-5.4
Total Debt Repaid	-44.65	-16.26	-28.17
Net Debt Issued (Repaid)	55.48	40.67	-22.86
Issuance of Common Stock	-	207.87	-
Other Financing Activities	-11.96	-15.11	-6.2
Financing Cash Flow	43.52	233.44	-29.06
Foreign Exchange Rate Adjustments	1.39	2.16	4.55
Net Cash Flow	67.5	29.93	36.88
Free Cash Flow	-94.18	-206.64	-202.65
Free Cash Flow Margin	-48.68%	-197.35%	-274.85%
Free Cash Flow Per Share	-3.58	-7.99	-9.20
Cash Interest Paid	2.62	1.99	1.49
Levered Free Cash Flow	-	425.96	-
Unlevered Free Cash Flow	-	429.79	-
Change in Working Capital	37.52	35.4	1.27

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