HKG:6651 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-79.13	-85.6	-189.84
Depreciation & Amortization	15.68	16.1	18.09
Other Amortization	0.83	1.18	1.81
Loss (Gain) From Sale of Assets	0.04	-0.5	-1.7
Loss (Gain) on Equity Investments	0.88	1.26	0.27
Stock-Based Compensation	21.96	3.32	-
Provision & Write-off of Bad Debts	22.16	9.9	4.18
Other Operating Activities	3.65	1.05	-1.4
Change in Accounts Receivable	-166.3	-41.9	-21.72
Change in Inventory	-3.19	59.33	-40.7
Change in Accounts Payable	90.28	-34.45	41.34
Change in Unearned Revenue	-0.95	-84.86	36.4
Change in Other Net Operating Assets	-20.17	22.28	48.99
Operating Cash Flow	-114.27	-132.88	-104.29
Capital Expenditures	-38.57	-3.41	-2.62
Sale of Property, Plant & Equipment	0.01	0.02	0.12
Cash Acquisitions	-0.25	-	-1
Divestitures	-	-	3.65
Investment in Securities	27.56	37.1	-60
Other Investing Activities	2.26	3.84	1.12
Investing Cash Flow	-8.99	37.56	-58.72
Short-Term Debt Issued	184.64	144.18	92.94
Total Debt Issued	184.64	144.18	92.94
Short-Term Debt Repaid	-154.26	-118.45	-20.92
Long-Term Debt Repaid	-11.14	-12.85	-11.56
Total Debt Repaid	-165.4	-131.31	-32.48
Net Debt Issued (Repaid)	19.24	12.87	60.46
Issuance of Common Stock	200	-	8.27
Other Financing Activities	-1.85	43.83	-3.75
Financing Cash Flow	217.39	56.7	64.97
Foreign Exchange Rate Adjustments	0.01	0.03	0.01
Net Cash Flow	94.14	-38.59	-98.03
Free Cash Flow	-152.84	-136.28	-106.91
Free Cash Flow Margin	-53.19%	-53.17%	-62.89%
Free Cash Flow Per Share	-0.41	-0.43	-0.70
Cash Interest Paid	1.23	1.74	2.56
Cash Income Tax Paid	0.01	-	-
Levered Free Cash Flow	-125.82	-1,173	-
Unlevered Free Cash Flow	-122.32	-1,169	-
Change in Working Capital	-100.33	-79.6	64.31

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