HKG:2650 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-238.84	-58.54	-26.31
Depreciation & Amortization	22.55	16.72	13.28
Other Amortization	0.84	0.9	0.42
Loss (Gain) From Sale of Assets	0.03	0.11	0.35
Loss (Gain) From Sale of Investments	38.41	-0.61	5.91
Stock-Based Compensation	0.42	0.41	0.11
Other Operating Activities	9.56	-7.24	9.98
Change in Accounts Receivable	70.35	92.27	-278.61
Change in Inventory	-14.31	-17.87	-43.51
Change in Accounts Payable	36.77	-55.21	161.2
Change in Unearned Revenue	2.3	5.15	0.19
Change in Other Net Operating Assets	-43.67	-3.18	23.78
Operating Cash Flow	-115.57	-27.07	-133.22
Capital Expenditures	-18.17	-14.85	-26.88
Sale of Property, Plant & Equipment	0.06	1.75	0.85
Sale (Purchase) of Intangibles	-9.77	-5.18	-4.09
Investment in Securities	-14.02	30.88	-29.78
Other Investing Activities	-	2.2	0.38
Investing Cash Flow	-41.91	14.8	-59.52
Short-Term Debt Issued	419.9	284	263.09
Total Debt Issued	419.9	284	263.09
Short-Term Debt Repaid	-304	-263	-124.18
Long-Term Debt Repaid	-9.03	-8.49	-4.59
Total Debt Repaid	-313.03	-271.49	-128.77
Net Debt Issued (Repaid)	106.88	12.51	134.32
Issuance of Common Stock	50.83	-	159.46
Other Financing Activities	-55.19	-10.53	-10.78
Financing Cash Flow	102.51	1.98	283
Foreign Exchange Rate Adjustments	1.27	0.16	-0.01
Net Cash Flow	-53.71	-10.13	90.26
Free Cash Flow	-133.75	-41.92	-160.09
Free Cash Flow Margin	-22.54%	-6.25%	-22.97%
Free Cash Flow Per Share	-0.51	-0.16	-0.64
Cash Interest Paid	13.91	10.08	8.02
Cash Income Tax Paid	11.93	8.42	1.31
Levered Free Cash Flow	-64.18	-5.48	-
Unlevered Free Cash Flow	-55.42	0.83	-
Change in Working Capital	51.45	21.17	-136.95

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