HKG:3813 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	491.5	490.43	89.16	356.59
Depreciation & Amortization	1,094	1,255	1,573	1,875
Loss (Gain) From Sale of Assets	10.11	29.71	31.99	41.97
Asset Writedown & Restructuring Costs	3.2	52.58	21.2	15.97
Loss (Gain) on Equity Investments	-	-	-	163.51
Stock-Based Compensation	3.99	2.44	3.38	5.52
Provision & Write-off of Bad Debts	2.1	8.89	5.75	-4.52
Other Operating Activities	-11.82	-63.69	225.97	-13.65
Change in Accounts Receivable	-23.88	-139.44	339.27	849.83
Change in Inventory	-225.05	1,446	1,249	-927.03
Change in Accounts Payable	-159.04	307.93	-1,135	-117.02
Change in Unearned Revenue	10.3	-144.19	2.27	-140.22
Change in Other Net Operating Assets	-11.01	158.29	260.02	-268.84
Operating Cash Flow	1,185	3,404	2,666	1,837
Operating Cash Flow Growth	-65.20%	27.67%	45.13%	-64.11%
Capital Expenditures	-349.66	-311.08	-311.64	-452.4
Sale of Property, Plant & Equipment	7.23	4.56	11.44	5.32
Cash Acquisitions	-	-	-	9.46
Divestitures	-	-	3.83	-
Sale (Purchase) of Intangibles	-21.73	-33.07	-	-
Investment in Securities	-1,274	-1,147	-	4.66
Other Investing Activities	1,104	170.92	76.55	28.84
Investing Cash Flow	-534.37	-1,315	-219.82	-404.14
Long-Term Debt Issued	275.56	524.8	2,069	2,084
Total Debt Issued	275.56	524.8	2,069	2,084
Long-Term Debt Repaid	-1,091	-1,879	-4,388	-3,901
Total Debt Repaid	-1,091	-1,879	-4,388	-3,901
Net Debt Issued (Repaid)	-815.9	-1,355	-2,319	-1,817
Repurchase of Common Stock	-	-	-	-30.36
Common Dividends Paid	-243.62	-87.88	-70.81	-
Other Financing Activities	-0.68	-8.18	-98.19	-93.78
Financing Cash Flow	-1,060	-1,451	-2,488	-1,941
Foreign Exchange Rate Adjustments	1.47	-0.71	-2.17	-0.31
Net Cash Flow	-408.51	637.42	-43.64	-508.51
Free Cash Flow	834.93	3,093	2,355	1,385
Free Cash Flow Growth	-73.01%	31.35%	70.03%	-69.46%
Free Cash Flow Margin	4.52%	15.42%	12.63%	5.93%
Free Cash Flow Per Share	0.16	0.60	0.46	0.27
Cash Interest Paid	2.08	8.18	64.59	69.28
Cash Income Tax Paid	208.82	206.3	168.46	439.56
Levered Free Cash Flow	628.19	2,657	2,140	987.53
Unlevered Free Cash Flow	670.56	2,715	2,244	1,114
Change in Working Capital	-408.66	1,629	716.31	-603.28

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.