HKG:3680 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	-75	-109.23	-128.19	-76.24
Depreciation & Amortization	13.05	16.77	26.04	20.38
Other Amortization	15.75	16.27	13.61	7.56
Loss (Gain) From Sale of Assets	-0.16	1.59	-0.14	0
Asset Writedown & Restructuring Costs	12.35	17.89	28.84	-
Loss (Gain) From Sale of Investments	-	-0.7	-	-
Loss (Gain) on Equity Investments	0.46	0.02	-1.04	-2.31
Stock-Based Compensation	-1.31	-2.7	20.54	5.77
Provision & Write-off of Bad Debts	0.87	25.19	24.4	23.88
Other Operating Activities	9.41	10.25	7.85	1.86
Change in Accounts Receivable	18.06	5.08	-15.11	-27.73
Change in Accounts Payable	0.02	17.27	-2.58	8.23
Change in Other Net Operating Assets	-10.12	-36.06	4.48	26.57
Operating Cash Flow	-16.62	-38.37	-21.31	-12.04
Capital Expenditures	-1.3	-1.71	-2.52	-14.53
Sale of Property, Plant & Equipment	0.29	0.14	0.37	0
Cash Acquisitions	-	-1.57	-	-
Divestitures	-	-	-0.01	-
Sale (Purchase) of Intangibles	-4.61	-15.05	-40.54	-35.64
Investment in Securities	-1.95	9.22	-9.13	-
Other Investing Activities	0.15	0.23	0.04	0.14
Investing Cash Flow	-7.41	-8.74	-51.8	-50.03
Short-Term Debt Issued	42.52	15	135.53	54.22
Long-Term Debt Issued	116.38	210.69	123.18	85.53
Total Debt Issued	158.9	225.69	258.71	139.75
Short-Term Debt Repaid	-32	-55.26	-124.7	-
Long-Term Debt Repaid	-187.45	-140.1	-108.64	-139.34
Total Debt Repaid	-219.45	-195.36	-233.34	-139.34
Net Debt Issued (Repaid)	-60.55	30.33	25.37	0.41
Issuance of Common Stock	-	131.16	52.24	-
Other Financing Activities	-13.19	-13.84	-12.33	9.74
Financing Cash Flow	-73.74	147.65	65.27	10.15
Foreign Exchange Rate Adjustments	0.92	-2.39	0.99	-0.31
Net Cash Flow	-96.86	98.15	-6.84	-52.23
Free Cash Flow	-17.92	-40.08	-23.83	-26.57
Free Cash Flow Margin	-4.74%	-10.89%	-6.32%	-6.69%
Free Cash Flow Per Share	-0.03	-0.07	-0.06	-0.07
Cash Interest Paid	7	10.78	6.83	6.16
Cash Income Tax Paid	0.29	-0.08	0.48	3.2
Levered Free Cash Flow	-11.82	-20.94	-41.14	-39.81
Unlevered Free Cash Flow	-6.17	-16.12	-36.09	-34.54
Change in Working Capital	7.96	-13.71	-13.21	7.07

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