HKG:3303 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	185.07	254.99	-208.23	11.02
Depreciation & Amortization	115.87	137.28	156.78	168.65
Loss (Gain) From Sale of Assets	0.71	0.27	0.37	-0.17
Asset Writedown & Restructuring Costs	30.51	7.28	55.96	5.32
Loss (Gain) From Sale of Investments	-0.06	-	-0.29	-
Loss (Gain) on Equity Investments	0.04	-	-	-
Stock-Based Compensation	21.84	3.51	-	45.42
Provision & Write-off of Bad Debts	3.02	9.06	-19.05	-32.75
Other Operating Activities	59.02	166.57	-8.44	0.14
Change in Accounts Receivable	860.29	-995.39	300.41	292.65
Change in Inventory	12.08	-14.91	35.69	-52.22
Change in Accounts Payable	-281.85	204.17	-611.59	50.75
Change in Unearned Revenue	-587.95	520.68	41.54	-343.59
Change in Other Net Operating Assets	58.78	-6.38	131.48	-66.68
Operating Cash Flow	477.37	287.14	-125.36	78.55
Operating Cash Flow Growth	66.25%	-	-	-90.16%
Capital Expenditures	-139.17	-25.57	-46.55	-82.27
Sale of Property, Plant & Equipment	2.58	3.16	0.22	0.76
Sale (Purchase) of Intangibles	-	-	-	-0.83
Investment in Securities	58.24	-	-56.4	-
Other Investing Activities	-0.66	34.7	49.49	28.13
Investing Cash Flow	-79.01	12.28	-53.24	-54.21
Short-Term Debt Issued	0.96	-	-	-
Long-Term Debt Issued	-	30.5	295.5	-
Total Debt Issued	0.96	30.5	295.5	-
Long-Term Debt Repaid	-231.57	-194.17	-322.58	-48.23
Total Debt Repaid	-231.57	-194.17	-322.58	-48.23
Net Debt Issued (Repaid)	-230.61	-163.67	-27.08	-48.23
Issuance of Common Stock	56.36	-	122.56	25.74
Repurchase of Common Stock	-144.73	-	-	-
Common Dividends Paid	-54.88	-	-	-512.71
Financing Cash Flow	-373.87	-163.67	95.49	-535.2
Foreign Exchange Rate Adjustments	7.87	6.58	26.63	-13.34
Net Cash Flow	32.36	142.33	-56.49	-524.2
Free Cash Flow	338.2	261.57	-171.91	-3.73
Free Cash Flow Growth	29.30%	-	-	-
Free Cash Flow Margin	16.27%	10.09%	-9.82%	-0.09%
Free Cash Flow Per Share	0.16	0.13	-0.10	-0.00
Cash Interest Paid	8.67	19.97	26.63	25.53
Cash Income Tax Paid	-3	29.8	19.81	45.82
Levered Free Cash Flow	131.66	258.67	-92.5	71.43
Unlevered Free Cash Flow	137.07	271.15	-75.85	87.39
Change in Working Capital	61.36	-291.82	-102.47	-119.08

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.