Shenzhen Investment Cash Flow Statement

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

Millions HKD. 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	-3,339	-1,823	-261.4	2,085	-2,722	3,723
Depreciation & Amortization	452.32	347.4	331.7	384.79	365.6	234.21
Other Amortization	30.33	30.33	25.63	29.24	48.37	40.5
Loss (Gain) From Sale of Assets	-0.18	-0.18	3.92	-1.81	0.42	1.68
Asset Writedown & Restructuring Costs	227.88	227.88	-554.65	351.89	771.11	794.56
Loss (Gain) From Sale of Investments	1,160	1,160	75.03	355.85	6,374	412.81
Loss (Gain) on Equity Investments	1,135	1,135	682.7	-391.44	-843.45	-1,254
Stock-Based Compensation	0.04	0.04	0.23	0.68	3.46	10.53
Provision & Write-off of Bad Debts	4.05	4.05	17.84	56	4.84	21.97
Other Operating Activities	3,140	-1,526	-3,319	-621.27	2,378	-488.83
Change in Accounts Receivable	765.4	765.4	426.43	-1,427	-83.85	1,114
Change in Inventory	-3,659	-3,659	-7,671	-19,260	-10,094	-8,817
Change in Accounts Payable	-115.28	-115.28	-186.46	2,290	831.58	1,237
Change in Unearned Revenue	4,446	4,446	18,066	-6,127	-6,211	18.61
Change in Other Net Operating Assets	-2,830	-2,830	-3,240	9,035	2,514	-1,031
Operating Cash Flow	1,418	-1,836	4,397	-13,240	-6,662	-3,981
Operating Cash Flow Growth	-29.86%	-	-	-	-	-
Capital Expenditures	-983.76	-926.33	-443.3	-1,021	-353.33	-299.51
Sale of Property, Plant & Equipment	0.12	0.17	0.21	0.05	0.06	10.03
Cash Acquisitions	-	-	-	-	-	-568.04
Sale (Purchase) of Real Estate	-298.59	-369.32	1,948	-	-	-
Investment in Securities	-106.99	-12.32	-467.33	-92.33	-57.35	-505.46
Other Investing Activities	111.81	-85.08	-684.79	1,422	241.69	1,785
Investing Cash Flow	-1,277	-1,393	353.24	308.95	-168.93	422.34
Short-Term Debt Issued	-	40.25	67.32	340.66	524.39	-
Long-Term Debt Issued	-	22,119	34,343	45,657	50,376	28,949
Total Debt Issued	26,161	22,159	34,410	45,998	50,900	28,949
Short-Term Debt Repaid	-	-1,099	-4,719	-40.57	-56.91	-501.8
Long-Term Debt Repaid	-	-22,134	-33,496	-37,196	-39,364	-17,122
Total Debt Repaid	-28,239	-23,234	-38,215	-37,237	-39,421	-17,623
Net Debt Issued (Repaid)	-2,078	-1,074	-3,805	8,761	11,480	11,326
Repurchase of Common Stock	-	-	-	-1.85	-	-
Common Dividends Paid	-622.92	-622.92	-1,246	-978.87	-1,602	-1,433
Other Financing Activities	-100.68	-121.26	-165.54	-192.54	-352.86	-421.65
Financing Cash Flow	-2,802	-1,819	-5,216	7,588	9,525	9,471
Foreign Exchange Rate Adjustments	-57.01	-219.98	-148.54	-2,906	1,057	600.78
Net Cash Flow	-2,718	-5,268	-614.41	-8,249	3,751	6,513
Free Cash Flow	434.13	-2,763	3,954	-14,261	-7,015	-4,280
Free Cash Flow Growth	-72.82%	-	-	-	-	-
Free Cash Flow Margin	1.96%	-17.75%	24.97%	-45.21%	-21.89%	-22.76%
Free Cash Flow Per Share	0.05	-0.31	0.44	-1.60	-0.79	-0.48
Cash Interest Paid	2,237	2,075	3,391	1,784	1,189	1,367
Cash Income Tax Paid	4,198	2,036	3,325	5,228	3,770	2,498
Levered Free Cash Flow	-861	-5,285	11,575	-14,368	-5,049	-11,269
Unlevered Free Cash Flow	7.98	-4,421	12,353	-13,760	-4,589	-10,649
Change in Working Capital	-1,393	-1,393	7,395	-15,489	-13,043	-7,477

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