HKG:9686 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-72.38	-83.05	-154.65	-241.97	-296.54	-196.43
Depreciation & Amortization	27.65	27.89	33.09	34.02	41.12	56.57
Other Amortization	0.52	0.52	0.62	-	0.71	0.6
Loss (Gain) From Sale of Assets	0.08	0.56	0.43	-10.54	-20.8	5.51
Loss (Gain) on Equity Investments	17.18	17.43	4.93	4.76	4.15	3.91
Stock-Based Compensation	10.97	8.58	29.82	79.18	153.56	34.04
Other Operating Activities	11.38	5.91	40.66	56.18	37.92	56.5
Change in Inventory	-1.96	20.96	-18.62	-0.02	-23.18	12.6
Change in Other Net Operating Assets	58.34	22.77	43.58	4.57	19.69	9.4
Operating Cash Flow	35.91	21.56	-20.16	-73.83	-83.38	-17.3
Capital Expenditures	-13.15	-13.44	-4.27	-7.34	-18.38	-106.84
Sale of Property, Plant & Equipment	0.31	0.26	0.38	0.33	0.19	0.58
Cash Acquisitions	-2.84	-2.84	-	-	-	-
Divestitures	7.44	7.44	-	-1.44	-16.72	1.45
Investment in Securities	-22.31	119.03	-141.68	-	29.14	-91.18
Other Investing Activities	-	-	-1.03	-	0.31	0.83
Investing Cash Flow	-30.55	110.45	-146.6	-8.45	-5.47	-195.16
Long-Term Debt Issued	-	240	-	270	240.8	150
Short-Term Debt Repaid	-	-	-	-	-0.71	-56.4
Long-Term Debt Repaid	-	-266.17	-27.16	-178.17	-187.77	-131.87
Total Debt Repaid	-503.14	-266.17	-27.16	-178.17	-188.48	-188.27
Net Debt Issued (Repaid)	-69.15	-26.17	-27.16	91.83	52.33	-38.27
Issuance of Common Stock	-	-	567.65	-	33.26	278.8
Other Financing Activities	-24.47	-30.39	-35.72	-27.21	-20.69	-24.24
Financing Cash Flow	-93.62	-56.56	504.77	64.62	64.9	216.29
Foreign Exchange Rate Adjustments	3.12	8.61	-11.97	3.66	-2.99	-26.45
Net Cash Flow	-85.14	84.06	326.05	-13.99	-26.94	-22.62
Free Cash Flow	22.76	8.13	-24.42	-81.17	-101.77	-124.13
Free Cash Flow Margin	4.54%	1.62%	-4.54%	-11.81%	-16.57%	-24.68%
Free Cash Flow Per Share	0.03	0.01	-0.04	-0.13	-0.16	-0.20
Cash Interest Paid	21.84	23.47	25.16	23.04	15.79	17.63
Cash Income Tax Paid	4.65	7.44	3.44	0.25	0.07	0.26
Levered Free Cash Flow	-18.21	-4.13	-78.29	-52.41	22.89	-
Unlevered Free Cash Flow	-2.64	12.75	-54.37	-25.61	45.59	-
Change in Working Capital	56.37	43.73	24.96	4.55	-3.5	22

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.