HKG:0629 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	18.64	16.46	15.19	30.54	15.11
Depreciation & Amortization	0.71	1.19	2.16	0.71	0.51
Loss (Gain) From Sale of Assets	-	0.02	0	0	-
Asset Writedown & Restructuring Costs	-	-0.02	-	-	-
Loss (Gain) From Sale of Investments	-	-	-4.64	-6.98	-
Provision & Write-off of Bad Debts	-1.51	-3.97	-8.52	2.99	7.12
Other Operating Activities	12.14	11.28	16.58	18.31	-4.92
Change in Accounts Receivable	-54.43	-76.33	147.54	-98.81	-153.13
Change in Accounts Payable	-4.67	-5.41	3.86	0.69	0.8
Change in Unearned Revenue	-	-	-	-3.53	-4.4
Change in Other Net Operating Assets	0.87	0.14	-6	1.43	0.23
Operating Cash Flow	-28.25	-56.64	166.17	-54.66	-138.68
Capital Expenditures	-0.05	-0.01	-0.01	-	-0.27
Investment in Securities	-	-	-16	-70.88	-
Other Investing Activities	-0.74	-0.52	-0.36	-0.85	216.47
Investing Cash Flow	-0.79	-0.52	-16.37	-71.73	216.2
Short-Term Debt Issued	577.9	526.88	181.38	143.22	684.02
Long-Term Debt Issued	252.92	-	156.99	613.57	-
Total Debt Issued	830.81	526.88	338.37	756.79	684.02
Short-Term Debt Repaid	-657.53	-391.66	-206.22	-304.41	-753.25
Long-Term Debt Repaid	-95.82	-81.31	-248.13	-305.48	-0.34
Total Debt Repaid	-753.35	-472.97	-454.35	-609.89	-753.59
Net Debt Issued (Repaid)	77.46	53.92	-115.98	146.9	-69.57
Common Dividends Paid	-4.93	-13.47	-	-	-
Other Financing Activities	-5.07	-7.42	-18.96	-18.74	-4.57
Financing Cash Flow	67.46	33.03	-134.94	128.17	-74.14
Foreign Exchange Rate Adjustments	-0.03	0.02	-0.07	0.03	0.01
Net Cash Flow	38.39	-24.11	14.79	1.81	3.39
Free Cash Flow	-28.3	-56.65	166.16	-54.66	-138.95
Free Cash Flow Margin	-46.55%	-88.72%	187.78%	-53.26%	-238.37%
Free Cash Flow Per Share	-0.02	-0.05	0.14	-0.05	-0.12
Cash Interest Paid	5.07	7.42	18.96	18.74	4.57
Cash Income Tax Paid	13.34	12.78	15.12	10.27	12.12
Levered Free Cash Flow	103.86	27.86	96.08	-298.55	442.23
Unlevered Free Cash Flow	107.07	34.41	107.93	-286.84	445.09
Change in Working Capital	-58.23	-81.59	145.39	-100.22	-156.5

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