HKG:2889 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	-541.24	-283.89	-452.1
Depreciation & Amortization	79.94	60.44	45.38
Loss (Gain) From Sale of Assets	0.02	0.15	-
Loss (Gain) From Sale of Investments	-65.65	-111.76	-0.42
Loss (Gain) on Equity Investments	0.74	-	-
Stock-Based Compensation	157.19	65.36	61.64
Provision & Write-off of Bad Debts	149.95	14.17	5.4
Other Operating Activities	128.27	74.56	70.51
Change in Accounts Receivable	-775.32	-207.16	-248.56
Change in Inventory	-51.02	-46.4	-191.58
Change in Accounts Payable	182.35	105.02	224.26
Change in Unearned Revenue	103.48	-39.29	17.43
Change in Other Net Operating Assets	-74.5	98.21	4.3
Operating Cash Flow	-705.79	-270.57	-463.73
Capital Expenditures	-161.93	-150.37	-157.16
Sale of Property, Plant & Equipment	0.73	0.17	0.01
Investment in Securities	-198	-204.47	-158
Other Investing Activities	43.91	-56.33	-62.98
Investing Cash Flow	-315.3	-410.99	-378.13
Long-Term Debt Issued	1,642	1,073	711.86
Long-Term Debt Repaid	-1,190	-698.31	-692.52
Net Debt Issued (Repaid)	452.8	374.52	19.34
Issuance of Common Stock	1,331	-	1,345
Other Financing Activities	-42.53	-23.76	-23.13
Financing Cash Flow	1,741	350.76	1,342
Foreign Exchange Rate Adjustments	-0.01	-0.02	0.06
Net Cash Flow	719.97	-330.83	499.85
Free Cash Flow	-867.72	-420.94	-620.89
Free Cash Flow Margin	-33.93%	-28.14%	-50.99%
Free Cash Flow Per Share	-6.58	-3.57	-5.88
Cash Interest Paid	38.12	23.76	24.14
Cash Income Tax Paid	0.03	0.07	0
Levered Free Cash Flow	-931.27	-412.33	-
Unlevered Free Cash Flow	-903.72	-394.97	-
Change in Working Capital	-615.01	-89.61	-194.14

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