Minth Group Limited (HKG:0425)

Minth Group Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2,692	2,319	1,903	1,501	1,497
Depreciation & Amortization	1,656	1,499	1,349	1,085	894.3
Other Amortization	43.02	44.96	44.7	36.46	27.77
Loss (Gain) From Sale of Assets	-14.93	24.09	-16.46	26.39	-168.68
Asset Writedown & Restructuring Costs	29.17	12.29	4.6	58.86	3.32
Loss (Gain) From Sale of Investments	-203.54	21.64	0.79	-7.78	-54.47
Loss (Gain) on Equity Investments	-28.39	-4.11	-15.55	-10.48	-22.21
Stock-Based Compensation	51.62	48.92	28.44	47.85	77.91
Provision & Write-off of Bad Debts	10.13	16.37	22.28	27.44	2.54
Other Operating Activities	274.21	89.45	443.94	281.29	-313.04
Change in Accounts Receivable	214.63	-1,016	-365.3	-1,666	-179.12
Change in Inventory	-27.57	-773.34	-393.74	-724.25	-564.6
Change in Accounts Payable	206.5	879.39	791.63	1,200	17.16
Change in Unearned Revenue	70.02	127.98	-36.97	23.56	57.18
Change in Other Net Operating Assets	25.32	14.54	26.23	30.49	6.62
Operating Cash Flow	4,912	3,274	3,366	1,855	1,322
Operating Cash Flow Growth	50.02%	-2.72%	81.41%	40.37%	-36.46%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-2,210	-1,906	-3,218	-3,340	-3,142
Sale of Property, Plant & Equipment	47.33	15.66	83.03	25.83	53.86
Cash Acquisitions	33.95	-	-	-	-
Divestitures	37.67	6.29	152.51	150	106.24
Sale (Purchase) of Intangibles	-103.27	-26.1	-43.86	-16.95	-25.7
Investment in Securities	-801.68	-1,214	117.94	-86.74	487.23
Other Investing Activities	352.59	-70.43	-591.65	231.03	570.83
Investing Cash Flow	-2,643	-3,194	-3,500	-3,037	-1,950

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	30	40
Long-Term Debt Issued	22,686	28,177	34,454	27,551	22,461
Total Debt Issued	22,686	28,177	34,454	27,581	22,501
Short-Term Debt Repaid	-	-	-	-30.14	-102.8
Long-Term Debt Repaid	-23,300	-29,311	-33,272	-26,935	-21,638
Total Debt Repaid	-23,300	-29,311	-33,272	-26,965	-21,741
Net Debt Issued (Repaid)	-613.77	-1,134	1,182	616.12	760.38
Issuance of Common Stock	405.69	-	3.46	8.49	38.16
Repurchase of Common Stock	-15.61	-130.01	-	-46.73	-
Common Dividends Paid	-460.64	-	-602.55	-615.61	-550.12
Other Financing Activities	-334.63	-531.11	-531.35	-86.96	-99.18
Financing Cash Flow	-1,019	-1,795	51.86	-124.7	149.24

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	60.52	-9.06	27.26	34.9	-37.67
Net Cash Flow	1,311	-1,725	-55.35	-1,271	-516.31

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	2,703	1,368	147.56	-1,485	-1,820
Free Cash Flow Growth	97.50%	827.33%	-	-	-
Free Cash Flow Margin	10.50%	5.91%	0.72%	-8.58%	-13.08%
Free Cash Flow Per Share	2.33	1.19	0.13	-1.29	-1.57
Levered Free Cash Flow	1,291	-139.37	74.92	-2,059	-2,275
Unlevered Free Cash Flow	1,494	186.27	397.1	-1,894	-2,110

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	322.59	497.28	499.29	279.38	233.64
Cash Income Tax Paid	505.94	541.52	389.72	269.81	226.77
Change in Working Capital	402.51	-797.82	-399.28	-1,190	-622.15

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Jul 24, 2026

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