HKG:3989 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	234.12	285.38	155.59	901.16
Depreciation & Amortization	263.71	293.73	302.46	501.07
Other Amortization	1.98	3.69	4.34	22.52
Loss (Gain) From Sale of Assets	0.29	0.02	5.64	33.76
Asset Writedown & Restructuring Costs	87.52	208.27	225.89	97.13
Loss (Gain) From Sale of Investments	25.09	68.43	37.16	1.86
Loss (Gain) on Equity Investments	-4.86	-3.61	-49.04	-58.54
Provision & Write-off of Bad Debts	85.9	36.59	30.46	37.79
Other Operating Activities	-81.94	-162.03	-318.32	97.48
Change in Accounts Receivable	-879.29	-880.11	-608.62	-667.28
Change in Inventory	-12.13	-12.39	-25.55	17.11
Change in Accounts Payable	-47.58	-144.91	-201.88	245.51
Change in Unearned Revenue	36.57	1.6	66.51	42.48
Change in Other Net Operating Assets	588.16	-79.87	-143.82	-1,677
Operating Cash Flow	297.55	-385.22	-231.99	-445.07
Capital Expenditures	-54.7	-39.4	-288.64	-431.59
Sale of Property, Plant & Equipment	5.47	2.06	693.78	9.04
Cash Acquisitions	-	-6.04	-50.62	-138.12
Divestitures	26.61	-	214.81	-1.1
Sale (Purchase) of Intangibles	-187.32	-250.86	-731.19	-970.18
Investment in Securities	-10.44	-	-	108.08
Other Investing Activities	5.77	56.82	7,763	96.4
Investing Cash Flow	-214.6	-237.41	7,601	-1,327
Long-Term Debt Issued	1,380	3,125	4,575	5,824
Long-Term Debt Repaid	-1,222	-2,766	-7,033	-4,477
Net Debt Issued (Repaid)	157.91	358.6	-2,458	1,347
Preferred Dividends Paid	-	-	-1,575	-
Common Dividends Paid	-	-130.69	-	-
Dividends Paid	-	-130.69	-1,575	-
Other Financing Activities	-239.76	-447.46	-3,471	-632.62
Financing Cash Flow	-81.85	-219.55	-7,504	764.84
Foreign Exchange Rate Adjustments	-3.61	-8.81	-34.65	-71.61
Net Cash Flow	-2.51	-851	-169.94	-1,079
Free Cash Flow	242.85	-424.62	-520.63	-876.66
Free Cash Flow Margin	6.62%	-10.42%	-11.34%	-16.25%
Free Cash Flow Per Share	0.02	-0.03	-0.04	-0.06
Cash Interest Paid	273.51	346.67	494.41	605.11
Cash Income Tax Paid	54.81	75.14	182.79	59.46
Levered Free Cash Flow	-589.07	-964.88	-1,341	-1,243
Unlevered Free Cash Flow	-324.13	-693.81	-1,008	-935.51
Change in Working Capital	-314.26	-1,116	-913.36	-2,039

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