HKG:0334 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	139.43	65.98	13.09	169.03	193.22
Depreciation & Amortization	114.94	96.16	82.94	78.83	149.97
Other Amortization	2.3	1.66	1.9	1.94	2.11
Loss (Gain) From Sale of Assets	0.17	1.19	3.26	-0.09	0.51
Asset Writedown & Restructuring Costs	-	3.01	0.27	-	-
Stock-Based Compensation	6.32	1.55	-	-	-0.71
Provision & Write-off of Bad Debts	0.31	0.2	-0.44	0	-0.11
Other Operating Activities	-42.64	-46.07	-20.89	-37.03	-31.72
Change in Accounts Receivable	-552.53	-517.35	188.88	95.18	55.15
Change in Inventory	-60.66	-123.26	-63.72	270.4	192.61
Change in Accounts Payable	693.5	786.22	-22.75	-405.97	-54.71
Change in Unearned Revenue	-2.75	-3.41	-2.77	-1.53	-3.73
Change in Other Net Operating Assets	-264.32	277.53	-74.02	-41.26	67.78
Operating Cash Flow	34.07	543.4	105.75	129.49	600.26
Operating Cash Flow Growth	-93.73%	413.86%	-18.34%	-78.43%	-55.83%
Capital Expenditures	-255.83	-164.55	-151.15	-169.7	-238.89
Sale of Property, Plant & Equipment	0	0.79	3.57	0.84	1.54
Cash Acquisitions	-	-	-	-50.13	-
Divestitures	-	-	-	-	282.81
Sale (Purchase) of Intangibles	-6.32	-1.87	-0.8	-1.22	-0.82
Investment in Securities	173.87	-352.74	-896.73	6.11	-19
Other Investing Activities	41.57	35.56	728.54	-673.2	21.15
Investing Cash Flow	-46.7	-482.81	-316.58	-887.29	46.79
Long-Term Debt Issued	-	-	3.16	60.32	73.22
Total Debt Issued	-	-	3.16	60.32	73.22
Long-Term Debt Repaid	-0.39	-3.53	-67.08	-92.06	-66.12
Total Debt Repaid	-0.39	-3.53	-67.08	-92.06	-66.12
Net Debt Issued (Repaid)	-0.39	-3.53	-63.92	-31.74	7.11
Issuance of Common Stock	-	-	-	-	0.12
Other Financing Activities	-15.88	-11.38	-0.65	-1.65	-15.99
Financing Cash Flow	-16.27	-14.91	-64.58	-33.39	-8.77
Foreign Exchange Rate Adjustments	0.05	-6.72	19.61	16.72	-1.56
Net Cash Flow	-28.85	38.97	-255.79	-774.47	636.72
Free Cash Flow	-221.76	378.86	-45.4	-40.21	361.37
Free Cash Flow Growth	-	-	-	-	-68.60%
Free Cash Flow Margin	-2.87%	8.33%	-1.76%	-0.95%	6.19%
Free Cash Flow Per Share	-0.11	0.18	-0.02	-0.02	0.17
Cash Interest Paid	15.88	11.38	0.65	1.65	15.99
Cash Income Tax Paid	25.24	20.14	17.31	29.39	39.38
Levered Free Cash Flow	-244.65	110.42	-827.29	-114.06	288.25
Unlevered Free Cash Flow	-234.71	117.55	-826.88	-113.03	289.89
Change in Working Capital	-186.76	419.73	25.63	-83.18	257.1

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