Shin Hwa World Limited (HKG:0582)

Shin Hwa World Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-494.14	-522.44	-216.91	-1,056
Depreciation & Amortization	224.5	295.19	490.33	589.63
Loss (Gain) From Sale of Assets	-2.13	1.41	-0.09	2.62
Asset Writedown & Restructuring Costs	39.1	-50.78	-67.39	339.89
Provision & Write-off of Bad Debts	11.02	10.09	-0.01	7.16
Other Operating Activities	0.46	0.66	-88.68	6.41
Change in Inventory	44.26	70.07	176.3	180.74
Change in Accounts Payable	-23.72	-6.98	-154.99	51.07
Change in Other Net Operating Assets	0.94	89.39	16.03	154.37
Operating Cash Flow	-199.71	-113.41	154.59	276.11
Operating Cash Flow Growth	-	-	-44.01%	1485.84%
Capital Expenditures	-19.16	-23.18	-10.84	-31.95
Sale of Property, Plant & Equipment	2.14	2.02	0.95	2.69
Sale (Purchase) of Intangibles	-0.21	-0.11	-1.67	-
Sale (Purchase) of Real Estate	-1.14	-	-	-
Other Investing Activities	0.08	0.08	0.09	0.06
Investing Cash Flow	-18.29	-21.19	-11.48	-29.19
Long-Term Debt Issued	84.18	-	1,600	-
Long-Term Debt Repaid	-97.11	-100.61	-2,033	-236.88
Net Debt Issued (Repaid)	-12.93	-100.61	-433.15	-236.88
Issuance of Common Stock	292.46	-	-	138.76
Other Financing Activities	-3.29	-0.19	-0.08	-0.15
Financing Cash Flow	276.24	-100.8	-433.23	-98.27
Foreign Exchange Rate Adjustments	-13.37	-1.98	-27.37	24.84
Net Cash Flow	44.87	-237.38	-317.5	173.5
Free Cash Flow	-218.87	-136.58	143.74	244.17
Free Cash Flow Growth	-	-	-41.13%	2231.60%
Free Cash Flow Margin	-20.37%	-13.18%	10.37%	18.09%
Free Cash Flow Per Share	-0.23	-0.32	0.34	0.62
Cash Interest Paid	97.92	110.64	100.77	141.72
Cash Income Tax Paid	0	-0.62	7.09	1.96
Levered Free Cash Flow	-32.78	120.03	257.52	520.82
Unlevered Free Cash Flow	28.42	189.18	320.5	609.39
Change in Working Capital	21.48	152.47	37.34	386.17

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