HKG:9663 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	-407.18	-404.45	-273.42	-703.08
Depreciation & Amortization	105.5	77.79	46.95	34.53
Other Amortization	1.42	1.23	0.78	0.44
Loss (Gain) From Sale of Assets	0.08	-0.01	-0.79	0.54
Asset Writedown & Restructuring Costs	-	-	15.44	-
Loss (Gain) From Sale of Investments	-60.22	-2.25	-	92.4
Loss (Gain) on Equity Investments	0.35	40.09	19.99	6.61
Stock-Based Compensation	12.82	82.89	54.32	546.04
Provision & Write-off of Bad Debts	107.84	173.41	108.87	-
Other Operating Activities	17.25	-70.67	36.16	53.76
Change in Accounts Receivable	-297.95	-533.55	-666.56	-472.82
Change in Inventory	28.74	76.73	-34.52	-193.97
Change in Accounts Payable	7.69	306.31	416.35	60.34
Change in Unearned Revenue	21.92	1.44	11.5	5.17
Change in Other Net Operating Assets	-14.28	3.85	3.66	9.32
Operating Cash Flow	-476.02	-247.18	-261.27	-560.71
Capital Expenditures	-50.38	-150.51	-254.19	-187.36
Sale of Property, Plant & Equipment	0	0.06	0.25	2.37
Sale (Purchase) of Intangibles	-1.68	-8.26	-109.2	-2.78
Investment in Securities	-86.33	-993.44	-88.71	-15.53
Other Investing Activities	9.1	70.43	5.25	-28.33
Investing Cash Flow	-129.28	-1,082	-446.6	-231.62
Short-Term Debt Issued	94	-	-	-
Long-Term Debt Issued	561.54	339	195.3	343.16
Total Debt Issued	655.54	339	195.3	343.16
Long-Term Debt Repaid	-441.33	-319.99	-456.4	-342.16
Net Debt Issued (Repaid)	214.21	19.01	-261.1	1
Issuance of Common Stock	-	1,411	1,006	1,066
Repurchase of Common Stock	-1.17	-	-	-
Other Financing Activities	94.6	-218.5	-31.39	-31.32
Financing Cash Flow	307.64	1,212	713.89	1,036
Foreign Exchange Rate Adjustments	2.55	3.42	0.34	-0.06
Net Cash Flow	-295.11	-113.47	6.36	243.44
Free Cash Flow	-526.39	-397.69	-515.46	-748.06
Free Cash Flow Margin	-118.98%	-56.76%	-68.87%	-163.64%
Free Cash Flow Per Share	-1.02	-0.93	-1.35	-2.37
Cash Interest Paid	17.61	18.33	14.78	23.86
Cash Income Tax Paid	1.13	7.56	0.56	-
Levered Free Cash Flow	-227.93	-456.84	-446.17	-486.05
Unlevered Free Cash Flow	-213.98	-450.51	-435.47	-470.41
Change in Working Capital	-253.88	-145.22	-269.56	-591.96

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