HKG:9909 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	216.02	452.95	443.08	438.14
Depreciation & Amortization	115.27	84.28	83.4	103.99
Other Amortization	2.06	1.89	0.02	-
Loss (Gain) From Sale of Investments	220.07	49.59	27.38	22.48
Loss (Gain) on Equity Investments	-3.21	-0.94	-0.43	-1.41
Stock-Based Compensation	-65.18	45.12	74.05	55.25
Other Operating Activities	80.75	7.23	70.36	66.94
Change in Accounts Receivable	-159.95	-202.61	-92.63	-19.41
Change in Inventory	-1.02	-9.6	-	-
Change in Accounts Payable	-68.45	-10.14	-115.58	158.44
Change in Unearned Revenue	-11.01	49.71	-210.36	159.69
Change in Other Net Operating Assets	41.35	19.31	7.8	-13.17
Operating Cash Flow	366.69	486.8	287.07	970.94
Operating Cash Flow Growth	-24.68%	69.58%	-70.43%	22.12%
Capital Expenditures	-11.48	-44.06	-5.04	-11.11
Sale of Property, Plant & Equipment	0.11	1.11	0.88	0.17
Cash Acquisitions	-	-	-	-10.8
Sale (Purchase) of Intangibles	-0.15	-0.64	-4.28	-
Investment in Securities	-	-	-	-60
Other Investing Activities	2.93	222.04	1,502	-2,000
Investing Cash Flow	-8.59	178.45	1,493	-2,082
Short-Term Debt Repaid	-	-	-	-3.41
Long-Term Debt Repaid	-120.86	-75.09	-73.82	-169.42
Total Debt Repaid	-120.86	-75.09	-73.82	-172.83
Net Debt Issued (Repaid)	-120.86	-75.09	-73.82	-172.83
Issuance of Common Stock	12.07	-	-	-
Repurchase of Common Stock	-	-	-	-18.44
Common Dividends Paid	-4	-172.91	-247.77	-174.69
Other Financing Activities	-	-	-	4
Financing Cash Flow	-112.79	-248	-321.58	-361.96
Foreign Exchange Rate Adjustments	-3.23	-1.32	14.95	0.6
Net Cash Flow	242.07	415.93	1,474	-1,472
Free Cash Flow	355.21	442.74	282.03	959.83
Free Cash Flow Growth	-19.77%	56.98%	-70.62%	22.02%
Free Cash Flow Margin	13.57%	16.80%	11.06%	38.95%
Free Cash Flow Per Share	0.56	0.70	0.44	1.51
Cash Income Tax Paid	108.08	195.3	142.81	145.36
Levered Free Cash Flow	342.55	558.92	-369.97	822.7
Unlevered Free Cash Flow	386.72	585.46	-333.84	849.2
Change in Working Capital	-199.09	-153.32	-410.77	285.55

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