HKG:6855 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,243	-405.43	-925.64	-882.92	-782.42
Depreciation & Amortization	85.22	91.07	90.81	60.92	27.53
Other Amortization	1.26	2.1	2.39	2	0.8
Loss (Gain) From Sale of Assets	-0.67	-0.04	-0	-2.27	0.03
Loss (Gain) From Sale of Investments	1.13	0.83	0.7	9.77	20.89
Loss (Gain) on Equity Investments	-0.31	0.28	-1.08	0.28	-
Stock-Based Compensation	20.87	20.92	31.5	22.11	46.97
Other Operating Activities	104.64	67.94	84.39	31.81	-108.13
Change in Accounts Receivable	-169.8	62.75	-91.54	-0.39	-53.97
Change in Inventory	-26.2	9.57	-6.72	-5.52	-3.93
Change in Accounts Payable	14.77	19.52	-23.11	24.7	47.5
Change in Unearned Revenue	-36.49	4.09	82.98	-24.66	227.39
Change in Other Net Operating Assets	74.2	15.04	29.24	110.28	-17.01
Operating Cash Flow	-1,174	-111.36	-726.08	-653.92	-604.68
Capital Expenditures	-27.57	-24.29	-46.11	-203.29	-435.42
Sale of Property, Plant & Equipment	-	-	0.01	2.35	0.34
Cash Acquisitions	-43.34	-9.52	-20	-20	-20
Sale (Purchase) of Intangibles	-	-	-10.74	-33.68	-1.21
Investment in Securities	-929.14	-328.23	98.75	-130	-10.23
Investing Cash Flow	-1,000	-362.04	21.92	-384.61	-466.52
Long-Term Debt Issued	1,241	535.92	953.5	763.62	599.74
Long-Term Debt Repaid	-933.71	-681.26	-966.86	-67.74	-60.24
Net Debt Issued (Repaid)	307.26	-145.34	-13.36	695.87	539.5
Issuance of Common Stock	2,305	533.95	470.09	0.02	1,197
Repurchase of Common Stock	-9.04	-	-5.92	-26.78	-25.87
Other Financing Activities	-63.04	-73.84	-82.06	-49.85	70.97
Financing Cash Flow	2,540	314.77	368.75	619.27	1,781
Foreign Exchange Rate Adjustments	-63.24	13.68	27.81	58.01	-23.28
Net Cash Flow	302.68	-144.95	-307.59	-361.25	686.91
Free Cash Flow	-1,202	-135.65	-772.19	-857.2	-1,040
Free Cash Flow Margin	-209.31%	-13.83%	-347.86%	-408.75%	-3726.60%
Free Cash Flow Per Share	-3.37	-0.45	-2.73	-3.25	-4.08
Cash Interest Paid	51.31	60.56	92.35	49.85	16.81
Cash Income Tax Paid	0.03	-	-	-	3.85
Levered Free Cash Flow	-942.63	-81.25	-706.12	-680.98	-954.65
Unlevered Free Cash Flow	-908.84	-40.96	-646.09	-647.99	-944.19
Change in Working Capital	-143.5	110.97	-9.15	104.41	189.65

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