HKG:9699 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	277.72	132.46	50.6	-286.9	-898.85
Depreciation & Amortization	23.98	19.76	35.34	29.85	23.55
Other Amortization	43.03	42.22	44.29	70.61	47.89
Loss (Gain) From Sale of Assets	2.25	0.09	0	0.06	-0.21
Loss (Gain) From Sale of Investments	-45.02	-16.51	-13.25	-10.91	-0.08
Loss (Gain) on Equity Investments	-13.75	0.9	-3.31	-	-
Stock-Based Compensation	136.94	13.39	6.81	-	231.43
Provision & Write-off of Bad Debts	-	-	-	-	4.06
Other Operating Activities	30	7.56	4.52	48.5	0.63
Change in Accounts Receivable	-532.28	-426.48	-66.42	-403.68	-150.92
Change in Inventory	-0.05	-0.66	8.72	-11.37	2.62
Change in Accounts Payable	474.75	497.04	214.17	200.41	207.76
Change in Other Net Operating Assets	-2.8	2.15	-0.91	-2	-
Operating Cash Flow	394.76	271.92	266.29	-414.69	-532.14
Operating Cash Flow Growth	45.17%	2.11%	-	-	-
Capital Expenditures	-44.23	-15.42	-7.81	-9.35	-17.11
Sale of Property, Plant & Equipment	7.71	0.54	0.11	0.23	1.33
Cash Acquisitions	-	6.08	-	-	-
Divestitures	-	-	55.67	-	-
Sale (Purchase) of Intangibles	-23.36	-32.31	-61.18	-99.21	-72.99
Investment in Securities	-468.75	-602.71	307.85	-535.86	-330
Other Investing Activities	-	-	-	-	3.68
Investing Cash Flow	-528.63	-643.82	294.63	-644.19	-415.08
Short-Term Debt Issued	-	-	-	-	41.92
Total Debt Issued	-	-	-	-	41.92
Short-Term Debt Repaid	-	-	-	-	-409
Long-Term Debt Repaid	-15.41	-14.34	-28.41	-21.9	-19.07
Total Debt Repaid	-15.41	-14.34	-28.41	-21.9	-428.07
Net Debt Issued (Repaid)	-15.41	-14.34	-28.41	-21.9	-386.15
Issuance of Common Stock	-	-	-	-	3,669
Repurchase of Common Stock	-73.22	-144.25	-91.65	-	-
Other Financing Activities	-	-	-	-	-63.27
Financing Cash Flow	-88.63	-158.59	-120.05	-21.9	3,220
Foreign Exchange Rate Adjustments	-0.97	0.58	-0.15	0.58	2.34
Net Cash Flow	-223.48	-529.91	440.72	-1,080	2,275
Free Cash Flow	350.53	256.5	258.48	-424.05	-549.24
Free Cash Flow Growth	36.66%	-0.76%	-	-	-
Free Cash Flow Margin	1.53%	1.63%	2.09%	-4.15%	-6.72%
Free Cash Flow Per Share	0.38	0.28	0.28	-0.45	-0.78
Cash Interest Paid	-	-	-	-	5.62
Cash Income Tax Paid	0.92	5.07	8.88	-	-
Levered Free Cash Flow	220.68	158.58	169.59	-413.44	-294.03
Unlevered Free Cash Flow	221.14	159.07	170.4	-411.87	-289.26
Change in Working Capital	-60.38	72.05	155.56	-216.64	59.46

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