HKG:6872 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-153.24	-145.93	-191.84
Depreciation & Amortization	1.46	2.59	2.8
Other Amortization	0.12	0.1	0.09
Loss (Gain) From Sale of Assets	0	-0.02	-0.04
Loss (Gain) From Sale of Investments	-0.49	-0.01	-0.72
Stock-Based Compensation	36.84	8.6	9.82
Other Operating Activities	35.9	68.16	68.9
Change in Accounts Payable	-8.01	-6.97	13.95
Change in Other Net Operating Assets	0.22	24.87	-1.07
Operating Cash Flow	-87.2	-48.6	-98.12
Capital Expenditures	-0.23	-0.2	-0.4
Sale of Property, Plant & Equipment	-	0.01	-
Cash Acquisitions	0.38	-	-
Sale (Purchase) of Intangibles	-0.23	-	-0.12
Investment in Securities	-	-	70
Other Investing Activities	2.58	0.01	0.89
Investing Cash Flow	2.5	-0.19	70.38
Long-Term Debt Issued	32.5	49	30
Long-Term Debt Repaid	-59.42	-55.09	-27.78
Net Debt Issued (Repaid)	-26.92	-6.09	2.22
Issuance of Common Stock	203.62	98.31	4.86
Other Financing Activities	-6.07	-3.72	-2.36
Financing Cash Flow	170.64	88.5	4.73
Foreign Exchange Rate Adjustments	0.01	-0.01	-0.01
Net Cash Flow	85.95	39.71	-23.02
Free Cash Flow	-87.42	-48.8	-98.51
Free Cash Flow Per Share	-2.19	-1.30	-2.67
Cash Interest Paid	1.51	1.9	2.36
Levered Free Cash Flow	-42.78	-811.56	-
Unlevered Free Cash Flow	-41.85	-810.38	-
Change in Working Capital	-7.79	17.9	12.88