HKG:3677 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	91.01	-589.87	-1,720	-402.28
Depreciation & Amortization	598.97	405.16	288.32	183.25
Other Amortization	9.97	8.69	5.68	2.42
Loss (Gain) From Sale of Assets	8.8	-1.32	-8.23	-0.1
Asset Writedown & Restructuring Costs	-	6.98	244.64	-
Loss (Gain) From Sale of Investments	9.71	10.84	600.06	22.46
Loss (Gain) on Equity Investments	-302.5	25.09	-0.92	-
Stock-Based Compensation	58.88	43.93	35.04	22.61
Other Operating Activities	175.74	311.23	585.8	134.15
Change in Accounts Receivable	-483.79	-836.22	-1,373	-141.6
Change in Inventory	-120.35	116.73	-941.52	-446.52
Change in Accounts Payable	218.68	403.52	2,491	1,034
Change in Unearned Revenue	-29.91	-100.72	128.48	-64.91
Change in Other Net Operating Assets	-596.35	480.31	1,017	-509.2
Operating Cash Flow	-361.14	284.35	1,354	-165.42
Operating Cash Flow Growth	-	-78.99%	-	-
Capital Expenditures	-614.8	-791.75	-2,688	-896.12
Sale of Property, Plant & Equipment	3.53	7.42	12.51	0.33
Cash Acquisitions	-	-	-239.54	-
Sale (Purchase) of Intangibles	-10.33	-21.99	-19.57	-0.59
Investment in Securities	-345.8	1,019	-1,147	612.11
Other Investing Activities	192.23	89.9	68.34	-
Investing Cash Flow	-775.16	302.73	-4,013	-284.28
Long-Term Debt Issued	1,369	1,221	2,886	69
Long-Term Debt Repaid	-938.88	-620.75	-359.04	-408.85
Net Debt Issued (Repaid)	430.18	600.59	2,527	-339.85
Issuance of Common Stock	1,000	5.14	2,415	1,290
Other Financing Activities	-132.06	-94.71	-2,119	-11.65
Financing Cash Flow	1,298	511.03	2,824	938.32
Foreign Exchange Rate Adjustments	2.98	-	4.38	-14.72
Net Cash Flow	164.79	1,098	168.75	473.9
Free Cash Flow	-975.94	-507.4	-1,334	-1,062
Free Cash Flow Margin	-19.02%	-12.19%	-40.55%	-70.80%
Free Cash Flow Per Share	-0.42	-0.27	-0.78	-0.68
Cash Interest Paid	125.7	133.41	109.84	11.65
Cash Income Tax Paid	0.07	23.51	4.88	-
Levered Free Cash Flow	-1,456	258.72	-1,222	-
Unlevered Free Cash Flow	-1,373	304.63	-1,201	-
Change in Net Working Capital	1,319	-1,000	-2,103	-

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