HKG:0496 Cash Flow Statement

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

Millions CNY. 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	63.54	70.43	68.28	220.04
Depreciation & Amortization	78.89	84.23	84.33	99.49
Other Amortization	0.01	0.07	0.16	0.05
Loss (Gain) From Sale of Assets	1.5	-2.12	-115.54	-136.33
Asset Writedown & Restructuring Costs	-	1.48	27.85	-
Loss (Gain) From Sale of Investments	1.27	0.63	-9.18	-5.92
Loss (Gain) on Equity Investments	-1.68	-5.59	1.28	-
Provision & Write-off of Bad Debts	7.52	-3.04	-3.69	56.68
Other Operating Activities	65.4	25.43	64.78	75.73
Change in Accounts Receivable	-125.8	243.28	-95.54	58.17
Change in Inventory	51.55	-124.11	40.72	136.4
Change in Accounts Payable	81.83	-75.49	-45.97	-129.76
Change in Unearned Revenue	-7.3	57.19	29.65	-342.83
Change in Other Net Operating Assets	-181.45	0.75	-1.67	52.32
Operating Cash Flow	35.27	273.13	45.47	84.05
Operating Cash Flow Growth	-87.09%	500.74%	-45.91%	-48.71%
Capital Expenditures	-169.58	-48.78	-8.01	-115.73
Sale of Property, Plant & Equipment	-	15.58	93.66	155.95
Cash Acquisitions	-	0.46	-	-
Divestitures	-	-	24.24	24.07
Investment in Securities	12	62.9	56.26	-81.52
Other Investing Activities	43.84	8.52	103.68	58.83
Investing Cash Flow	-113.74	38.67	269.83	41.61
Long-Term Debt Issued	263.1	231.69	363.7	401.31
Total Debt Issued	263.1	231.69	363.7	401.31
Long-Term Debt Repaid	-320.33	-315.93	-388.53	-494
Total Debt Repaid	-320.33	-315.93	-388.53	-494
Net Debt Issued (Repaid)	-57.23	-84.24	-24.83	-92.69
Repurchase of Common Stock	-	-	-18.49	-
Other Financing Activities	-129.17	-121.51	-82.45	-53.8
Financing Cash Flow	-186.41	-205.75	-125.77	-146.5
Foreign Exchange Rate Adjustments	-0.99	1.17	-8.79	2.72
Net Cash Flow	-265.86	107.23	180.74	-18.12
Free Cash Flow	-134.3	224.35	37.46	-31.68
Free Cash Flow Growth	-	498.94%	-	-
Free Cash Flow Margin	-13.09%	23.45%	4.34%	-2.09%
Free Cash Flow Per Share	-0.07	0.15	0.03	-0.02
Cash Interest Paid	51.56	42.66	63.14	53.8
Cash Income Tax Paid	39.48	49.66	49.13	42.88
Levered Free Cash Flow	-80.15	355.9	-207.89	-225.05
Unlevered Free Cash Flow	-46.23	382.55	-168.43	-191.42
Change in Working Capital	-181.17	101.62	-72.82	-225.69

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