HKG:0568 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	5.16	-43.7	-566.86	-424.97	-368.02
Depreciation & Amortization	69.39	149.09	217.19	219.48	249.39
Other Amortization	0.01	-	-	-	-
Loss (Gain) From Sale of Assets	-4.21	-5.47	-1.94	-0	-0.4
Asset Writedown & Restructuring Costs	0.3	86.14	218.95	0.4	98.74
Loss (Gain) From Sale of Investments	-0.49	-260.62	0.1	0.29	0.17
Provision & Write-off of Bad Debts	-7.24	-2.96	-2.19	-4.65	-13.9
Other Operating Activities	104.09	120.66	130.69	171.31	134.53
Change in Accounts Receivable	-261.64	-196.08	129.18	33.87	-55.64
Change in Inventory	-171.85	-28.22	201.77	28.08	54.36
Change in Accounts Payable	587.18	226.91	-219.43	-38.19	-67.3
Change in Other Net Operating Assets	-0.08	4.79	-	-	-
Operating Cash Flow	320.65	43.87	134.99	-11.51	35.79
Operating Cash Flow Growth	630.86%	-67.50%	-	-	-82.70%
Capital Expenditures	-88.53	-0.3	-5.68	-8.47	-51.97
Sale of Property, Plant & Equipment	9.78	0.19	2.91	0	141.49
Divestitures	-	244.01	-	-	-
Investment in Securities	-40	-	-	-	-
Other Investing Activities	83.7	-	-	-	-
Investing Cash Flow	-35.04	243.9	-2.78	-8.47	89.53
Short-Term Debt Issued	-	-	-	3,517	-
Long-Term Debt Issued	2,303	2,981	3,369	-	2,288
Total Debt Issued	2,303	2,981	3,369	3,517	2,288
Short-Term Debt Repaid	-	-	-	-3,395	-
Long-Term Debt Repaid	-2,311	-3,188	-3,757	-	-2,501
Total Debt Repaid	-2,311	-3,188	-3,757	-3,395	-2,501
Net Debt Issued (Repaid)	-8.74	-206.45	-387.77	121.69	-213.75
Common Dividends Paid	-90.15	-90.61	-109.4	-120.91	-105.05
Other Financing Activities	-86.1	0.1	92.05	-42.05	-90.7
Financing Cash Flow	-184.98	-296.96	-405.11	-41.27	-409.49
Foreign Exchange Rate Adjustments	-0.04	6.88	1.87	5.71	-1.6
Net Cash Flow	100.58	-2.31	-271.03	-55.54	-285.78
Free Cash Flow	232.12	43.58	129.31	-19.98	-16.18
Free Cash Flow Growth	432.68%	-66.30%	-	-	-
Free Cash Flow Margin	13.18%	3.21%	9.81%	-0.72%	-0.43%
Free Cash Flow Per Share	0.45	0.05	0.16	-0.03	-0.02
Cash Income Tax Paid	21.1	30.48	60.32	33.83	77.25
Levered Free Cash Flow	218.46	-1,296	183	87.3	96.8
Unlevered Free Cash Flow	277.11	-1,231	257.2	160.98	168.24
Change in Working Capital	153.64	0.72	139.05	26.62	-62.63

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