HKG:0187 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	-53.63	7.48	-51.68	18.32	-23.28
Depreciation & Amortization	93.48	83.24	82.78	71.73	52.54
Other Amortization	6	2.03	2.58	1.85	2.88
Loss (Gain) From Sale of Assets	-9.68	-0.17	-0.12	-0.32	-0.2
Asset Writedown & Restructuring Costs	1.31	4.46	1.42	0.3	0.22
Loss (Gain) From Sale of Investments	37.31	-17.01	-12	-25.35	-19.18
Provision & Write-off of Bad Debts	8.21	11.82	5.09	-4.41	-0.26
Other Operating Activities	-2.19	49.38	24.22	29.53	15.65
Change in Accounts Receivable	-71.39	-193.09	-78.14	-32.83	30.45
Change in Inventory	5.42	-51.74	-21.33	35.88	-71.81
Change in Accounts Payable	-10.94	40.17	116.94	-73.86	-19.95
Change in Other Net Operating Assets	2.37	10	-4.36	-8.37	-
Operating Cash Flow	4.88	-57.59	66.36	5.22	-32.69
Operating Cash Flow Growth	-	-	1170.35%	-	-
Capital Expenditures	-75.21	-91.7	-150.65	-95.08	-41.83
Sale of Property, Plant & Equipment	6.04	17.21	0.14	0.05	0.67
Cash Acquisitions	-	-	-	31.1	-
Investment in Securities	-20	-11.07	-6.57	-	-18.54
Other Investing Activities	0.46	-	-	0.52	0.33
Investing Cash Flow	-88.71	-85.57	-157.07	-63.41	-59.37
Short-Term Debt Issued	-	-	-	-	83.87
Long-Term Debt Issued	253.25	295	240	188.65	-
Total Debt Issued	253.25	295	240	188.65	83.87
Short-Term Debt Repaid	-	-	-	-	-178.34
Long-Term Debt Repaid	-308.36	-168.15	-130	-172.71	-
Total Debt Repaid	-308.36	-168.15	-130	-172.71	-178.34
Net Debt Issued (Repaid)	-55.11	126.85	110	15.95	-94.47
Issuance of Common Stock	-	-	-	153.31	-
Repurchase of Common Stock	-1.33	-	-	-	-
Common Dividends Paid	-10.86	-5.19	-4.82	-4.64	-6.72
Other Financing Activities	282.85	-0.91	151.01	78.27	30
Financing Cash Flow	215.56	120.74	256.19	242.89	-71.19
Foreign Exchange Rate Adjustments	1.94	3.14	0.57	-0.79	-3
Net Cash Flow	133.66	-19.28	166.05	183.91	-166.25
Free Cash Flow	-70.33	-149.3	-84.29	-89.86	-74.52
Free Cash Flow Margin	-4.60%	-9.05%	-6.00%	-6.55%	-6.30%
Free Cash Flow Per Share	-0.13	-0.20	-0.16	-0.20	-0.16
Cash Income Tax Paid	0.68	45.52	24.29	-22.61	-20.54
Levered Free Cash Flow	-136.11	-105.84	-44.3	-103.3	-64.21
Unlevered Free Cash Flow	-121.72	-94.52	-32.93	-95.22	-58.63
Change in Working Capital	-75.93	-198.82	14.07	-86.42	-61.07

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