China Pipe Group Cash Flow Statement

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

Millions HKD. 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	87.22	58.39	49.22	56.42
Depreciation & Amortization	27.98	25.77	25.52	26.63
Other Amortization	0.17	-	-	-
Loss (Gain) From Sale of Assets	-0.04	-0.01	0.09	0.05
Asset Writedown & Restructuring Costs	-	0.5	-	-
Loss (Gain) From Sale of Investments	5.36	0.02	0.25	1.29
Other Operating Activities	2.67	0.69	-5.05	10.2
Change in Accounts Receivable	-19.45	-68.98	8.46	-42.95
Change in Inventory	-28.55	29.9	27	-87.63
Change in Accounts Payable	25.06	-5.76	-35.09	42.7
Operating Cash Flow	100.42	40.51	70.4	6.37
Operating Cash Flow Growth	147.90%	-42.46%	1005.56%	-84.93%
Capital Expenditures	-2.5	-8.2	-5.1	-0.85
Sale of Property, Plant & Equipment	0.06	0.01	-	-
Divestitures	-	-	-	-0.05
Sale (Purchase) of Intangibles	-1.21	-	-	-
Other Investing Activities	-4.92	5.08	-4.94	0.06
Investing Cash Flow	-8.57	-3.11	-10.03	-0.84
Short-Term Debt Issued	421.5	451.35	387.26	439.97
Total Debt Issued	421.5	451.35	387.26	439.97
Short-Term Debt Repaid	-433.22	-442.53	-389.93	-440.93
Long-Term Debt Repaid	-26.12	-23.19	-22.08	-22.19
Total Debt Repaid	-459.34	-465.72	-412	-463.12
Net Debt Issued (Repaid)	-37.84	-14.37	-24.74	-23.15
Other Financing Activities	-	-	-	-0.02
Financing Cash Flow	-37.84	-14.37	-24.74	-23.17
Foreign Exchange Rate Adjustments	-1.3	-0.27	-1.22	0.63
Net Cash Flow	52.72	22.76	34.4	-17
Free Cash Flow	97.92	32.31	65.3	5.52
Free Cash Flow Growth	203.08%	-50.53%	1083.45%	-86.83%
Free Cash Flow Margin	12.50%	4.52%	10.26%	0.81%
Free Cash Flow Per Share	0.07	0.02	0.05	0.00
Cash Interest Paid	6.96	6.65	5.84	5.92
Cash Income Tax Paid	10.95	4.92	16.83	4.74
Levered Free Cash Flow	-13.25	-48.05	181.01	-96.8
Unlevered Free Cash Flow	-8.86	-43.84	184.71	-93.15
Change in Working Capital	-22.95	-44.85	0.37	-87.88

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.