HKG:2590 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-831.5	-1,127	-1,567
Depreciation & Amortization	60.49	86.38	122.28
Other Amortization	1.99	1.52	2.68
Loss (Gain) From Sale of Assets	0.31	6.32	0.9
Asset Writedown & Restructuring Costs	-	6.09	9.86
Loss (Gain) on Equity Investments	-0.02	-14.9	14.97
Stock-Based Compensation	29.49	21.03	14.19
Provision & Write-off of Bad Debts	15.17	9.86	11.29
Other Operating Activities	748.47	754.44	854.7
Change in Accounts Receivable	-19.71	-372.34	-111.69
Change in Inventory	119.59	-105.53	-540.39
Change in Accounts Payable	178.28	179.87	87.39
Change in Unearned Revenue	-303.38	61.67	464.55
Change in Other Net Operating Assets	-107.28	14.84	-12.76
Operating Cash Flow	-108.1	-477.43	-649.16
Capital Expenditures	-102.23	-48.03	-36.03
Sale of Property, Plant & Equipment	5.54	1.85	0.21
Investment in Securities	142	8	-183.03
Other Investing Activities	2.74	6.92	-0.56
Investing Cash Flow	48.04	-31.27	-219.4
Short-Term Debt Issued	487.9	430.37	286.8
Total Debt Issued	487.9	430.37	286.8
Short-Term Debt Repaid	-495.17	-220.11	-155.89
Long-Term Debt Repaid	-33.32	-46.61	-63.13
Total Debt Repaid	-528.49	-266.72	-219.01
Net Debt Issued (Repaid)	-40.59	163.65	67.79
Issuance of Common Stock	-	-	1,450
Other Financing Activities	-15.56	-13.26	-13.52
Financing Cash Flow	-56.15	150.39	1,505
Foreign Exchange Rate Adjustments	-8.22	-2.47	9.81
Net Cash Flow	-124.42	-360.78	645.83
Free Cash Flow	-210.34	-525.46	-685.18
Free Cash Flow Margin	-8.73%	-24.52%	-47.18%
Free Cash Flow Per Share	-0.72	-1.80	-2.34
Cash Interest Paid	14.33	13.26	13.52
Cash Income Tax Paid	2.45	6.16	1.06
Levered Free Cash Flow	552.24	291.53	-
Unlevered Free Cash Flow	560.94	299.84	-
Change in Working Capital	-132.51	-221.48	-112.9

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