HKG:2738 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	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-91.03	85.66	-165.3	62.04
Depreciation & Amortization	8.33	8.62	12.1	7.73
Loss (Gain) From Sale of Assets	-7.77	-0.05	-0.01	-8.44
Asset Writedown & Restructuring Costs	-	-	1.69	-
Loss (Gain) From Sale of Investments	2.3	-0.19	0.66	-3.26
Stock-Based Compensation	0.5	1.8	4.11	3.54
Provision & Write-off of Bad Debts	-1.2	2.16	0.55	0.28
Other Operating Activities	65.76	81.24	46.46	52.7
Change in Accounts Receivable	-750.11	-554.8	-611.72	-390.45
Change in Inventory	94.4	-106.38	103.58	144.26
Change in Accounts Payable	9.99	-22.75	20.66	14.53
Change in Unearned Revenue	-245.93	132.7	238.49	80.61
Operating Cash Flow	-914.76	-371.98	-348.72	-36.46
Capital Expenditures	-394.21	-523.21	-105.9	-126.89
Sale of Property, Plant & Equipment	8.25	0.17	0.07	5.01
Divestitures	-0.09	-	-	19.63
Investment in Securities	-	-	0.02	-0.02
Other Investing Activities	-2.14	-79.98	-66.76	-78.68
Investing Cash Flow	-388.19	-603.02	-172.57	-180.95
Short-Term Debt Issued	10.79	-	4.29	21.2
Long-Term Debt Issued	2,663	2,306	1,486	1,185
Total Debt Issued	2,673	2,306	1,490	1,206
Short-Term Debt Repaid	-10.43	-0.24	-22.44	-
Long-Term Debt Repaid	-1,295	-1,159	-864.4	-899.45
Total Debt Repaid	-1,305	-1,159	-886.84	-899.45
Net Debt Issued (Repaid)	1,368	1,147	603.32	306.74
Common Dividends Paid	-	-	-0.58	-48.45
Other Financing Activities	-128.45	-89.39	-87.91	-64.61
Financing Cash Flow	1,240	1,057	514.83	193.68
Foreign Exchange Rate Adjustments	-0.05	0.03	0.01	0.04
Net Cash Flow	-63.12	82.29	-6.45	-23.69
Free Cash Flow	-1,309	-895.19	-454.62	-163.35
Free Cash Flow Margin	-22.20%	-13.58%	-9.75%	-3.09%
Free Cash Flow Per Share	-2.18	-1.49	-0.76	-0.27
Cash Interest Paid	128.45	91.49	87.91	64.61
Cash Income Tax Paid	7.09	5.38	0.72	11.86
Levered Free Cash Flow	-284.09	-746.32	-217.9	-405.29
Unlevered Free Cash Flow	-220.78	-695.94	-168.25	-370.06
Change in Working Capital	-891.65	-551.22	-248.99	-151.05

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