HKG:2729 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	-168.96	-241.72	-209.34
Depreciation & Amortization	17.18	26.22	15.98
Other Amortization	3.41	3.28	3.28
Loss (Gain) From Sale of Assets	0.25	2.76	0.12
Asset Writedown & Restructuring Costs	-	7.09	-
Loss (Gain) From Sale of Investments	-1.81	-0.61	-0.45
Stock-Based Compensation	1.44	2.33	3.02
Provision & Write-off of Bad Debts	22.31	8.8	6.44
Other Operating Activities	121.58	108.08	101.42
Change in Accounts Receivable	-3.3	7.51	-118.78
Change in Inventory	32.53	-299.16	-238.23
Change in Accounts Payable	31.96	95.2	139.68
Change in Unearned Revenue	-87.03	259.95	192.58
Change in Other Net Operating Assets	19.63	-76.71	10.01
Operating Cash Flow	-10.81	-96.98	-94.26
Capital Expenditures	-13.26	-22.36	-105.77
Sale of Property, Plant & Equipment	3.34	1.41	1.07
Sale (Purchase) of Intangibles	-	-	-4.94
Investment in Securities	61.43	18.92	-5.93
Other Investing Activities	3.37	3.98	3.18
Investing Cash Flow	54.88	1.95	-112.39
Long-Term Debt Issued	10.5	39.73	56.76
Long-Term Debt Repaid	-37.96	-27.94	-9.33
Net Debt Issued (Repaid)	-27.46	11.79	47.43
Issuance of Common Stock	-	-	278.2
Other Financing Activities	-9.14	-7.8	6.22
Financing Cash Flow	-36.6	3.98	331.85
Foreign Exchange Rate Adjustments	-1.03	1.35	0.39
Net Cash Flow	6.43	-89.71	125.59
Free Cash Flow	-24.08	-119.34	-200.03
Free Cash Flow Margin	-3.34%	-21.67%	-30.45%
Free Cash Flow Per Share	-0.06	-0.30	-0.55
Cash Interest Paid	3.16	4.79	2.78
Cash Income Tax Paid	0.16	6.11	0.63
Levered Free Cash Flow	94.22	55.55	-
Unlevered Free Cash Flow	96.38	58.56	-
Change in Working Capital	-6.21	-13.21	-14.74

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