HKG:3933 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	2,660	2,701	1,581	988.1
Depreciation & Amortization	597.77	549.91	534.78	607.15
Other Amortization	17.78	15.74	17.66	13.7
Loss (Gain) From Sale of Assets	4.27	3.7	4.39	3.3
Asset Writedown & Restructuring Costs	23.3	47.96	78.18	16.08
Loss (Gain) From Sale of Investments	-66.5	-72.75	-17.97	-
Loss (Gain) on Equity Investments	0.19	-0.14	0.19	-
Stock-Based Compensation	47.36	6.37	-	-
Provision & Write-off of Bad Debts	39.25	5.62	-15.47	2.61
Other Operating Activities	-238.56	86.48	135.16	170.1
Change in Accounts Receivable	429.08	-1,562	-392.22	-860.37
Change in Inventory	-179.72	-118.05	-158.04	-577.53
Change in Accounts Payable	-115.15	792.37	238.36	1,150
Change in Unearned Revenue	-19.47	-16.9	24.43	29.83
Operating Cash Flow	3,199	2,439	2,031	1,543
Operating Cash Flow Growth	31.15%	20.14%	31.64%	-1.61%
Capital Expenditures	-1,715	-1,274	-779.55	-482.17
Sale of Property, Plant & Equipment	9.51	4.37	7.59	19.16
Sale (Purchase) of Intangibles	-94.73	-51.07	-	-5.16
Investment in Securities	67	72.75	10.62	-
Other Investing Activities	5.29	-308.51	166.42	-119.06
Investing Cash Flow	-1,728	-1,557	-594.92	-587.22
Long-Term Debt Issued	2,228	2,044	2,952	1,394
Long-Term Debt Repaid	-591.41	-2,783	-2,628	-1,712
Net Debt Issued (Repaid)	1,636	-738.93	324.21	-317.84
Repurchase of Common Stock	-36.47	-	-42.04	-40.98
Common Dividends Paid	-799.49	-472.43	-236.29	-220.85
Other Financing Activities	14.74	-42.3	-33.7	-41.26
Financing Cash Flow	596.91	-1,363	-24.17	-620.93
Foreign Exchange Rate Adjustments	-0.27	-0.89	0.6	-0.19
Net Cash Flow	2,068	-481.08	1,412	334.21
Free Cash Flow	1,484	1,165	1,251	1,060
Free Cash Flow Growth	27.40%	-6.88%	17.98%	2.25%
Free Cash Flow Margin	10.79%	8.48%	11.04%	10.93%
Free Cash Flow Per Share	0.82	0.64	0.69	0.58
Cash Interest Paid	68.4	78.43	75.62	50.46
Cash Income Tax Paid	657.74	526.99	299.85	236.97
Levered Free Cash Flow	1,888	187.24	619.01	496.93
Unlevered Free Cash Flow	1,910	229.05	670.01	534.57
Change in Working Capital	114.74	-904.8	-287.46	-258.5

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