HKG:2650 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-224.45	-238.84	-58.54	-26.31
Depreciation & Amortization	21.51	22.55	16.72	13.28
Other Amortization	0.9	0.84	0.9	0.42
Loss (Gain) From Sale of Assets	-0.07	0.03	0.11	0.35
Loss (Gain) From Sale of Investments	40.53	38.41	-0.61	5.91
Stock-Based Compensation	0.42	0.42	0.41	0.11
Other Operating Activities	4.97	9.56	-7.24	9.98
Change in Accounts Receivable	-48.89	70.35	92.27	-278.61
Change in Inventory	-21.46	-14.31	-17.87	-43.51
Change in Accounts Payable	123.91	36.77	-55.21	161.2
Change in Unearned Revenue	-1.77	2.3	5.15	0.19
Change in Other Net Operating Assets	-26.8	-43.67	-3.18	23.78
Operating Cash Flow	-131.2	-115.57	-27.07	-133.22
Capital Expenditures	-18.87	-18.17	-14.85	-26.88
Sale of Property, Plant & Equipment	0.93	0.06	1.75	0.85
Sale (Purchase) of Intangibles	-1.69	-9.77	-5.18	-4.09
Investment in Securities	-13.59	-14.02	30.88	-29.78
Other Investing Activities	-	-	2.2	0.38
Investing Cash Flow	-33.22	-41.91	14.8	-59.52
Short-Term Debt Issued	-	419.9	284	263.09
Total Debt Issued	489.8	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	-428.16	-313.03	-271.49	-128.77
Net Debt Issued (Repaid)	61.64	106.88	12.51	134.32
Issuance of Common Stock	70.83	50.83	-	159.46
Other Financing Activities	-52.76	-55.19	-10.53	-10.78
Financing Cash Flow	79.71	102.51	1.98	283
Foreign Exchange Rate Adjustments	3.14	1.27	0.16	-0.01
Net Cash Flow	-81.57	-53.71	-10.13	90.26
Free Cash Flow	-150.07	-133.75	-41.92	-160.09
Free Cash Flow Margin	-22.92%	-22.54%	-6.25%	-22.97%
Free Cash Flow Per Share	-2.84	-2.54	-0.80	-3.22
Cash Interest Paid	14.51	13.91	10.08	8.02
Cash Income Tax Paid	8.44	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	25	51.45	21.17	-136.95

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