HKG:0844 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	-88.61	-14.53	-1.56	-0.16	-14.26
Depreciation & Amortization	32.14	32.1	28.33	28.5	29.42
Loss (Gain) From Sale of Assets	-0.37	-0.22	-0.24	-0.04	-0.43
Asset Writedown & Restructuring Costs	25.79	-	-	-	-
Loss (Gain) From Sale of Investments	-0.04	-0.06	-	-	-
Provision & Write-off of Bad Debts	8.5	5.63	-0.36	-3.09	3.46
Other Operating Activities	27.02	0.94	-0.67	9.21	3.73
Change in Accounts Receivable	-2.27	-15.97	-16.6	8.85	13.23
Change in Inventory	10.31	-0.12	-2.49	18.14	-30.57
Change in Accounts Payable	-3.58	-0.62	20.04	16.48	15.56
Change in Unearned Revenue	-0.97	-5.81	1.44	-3.9	11.09
Change in Other Net Operating Assets	0.48	4.36	12.93	4.64	9.83
Operating Cash Flow	8.4	5.71	40.8	78.64	41.06
Operating Cash Flow Growth	47.26%	-86.01%	-48.11%	91.52%	33.86%
Capital Expenditures	-19.81	-21.83	-8.65	-3.89	-12.77
Sale of Property, Plant & Equipment	0.41	0.99	0.41	0.48	2.1
Cash Acquisitions	-	-	-25.57	-	-
Investment in Securities	3.04	-2.94	-10	-	-
Other Investing Activities	1.51	1.76	1.55	0.79	0.27
Investing Cash Flow	-14.86	-27.02	-42.26	-2.62	-10.4
Short-Term Debt Issued	106.28	117.62	157.4	103	103.54
Total Debt Issued	106.28	117.62	157.4	103	103.54
Short-Term Debt Repaid	-83.07	-103	-103	-103	-103
Long-Term Debt Repaid	-4.82	-4.29	-5.26	-1.92	-1.79
Total Debt Repaid	-87.89	-107.29	-108.26	-104.92	-104.79
Net Debt Issued (Repaid)	18.38	10.33	49.14	-1.92	-1.25
Other Financing Activities	-6.26	-10.21	-5.37	-4.33	-4.54
Financing Cash Flow	12.13	0.12	43.77	-6.25	-5.79
Foreign Exchange Rate Adjustments	-1.17	1.7	-0.15	-3.22	-4.06
Net Cash Flow	4.51	-19.5	42.17	66.54	20.81
Free Cash Flow	-11.41	-16.12	32.16	74.75	28.29
Free Cash Flow Growth	-	-	-56.98%	164.21%	7.34%
Free Cash Flow Margin	-2.63%	-3.31%	6.32%	15.94%	6.56%
Free Cash Flow Per Share	-0.02	-0.03	0.07	0.15	0.06
Cash Interest Paid	6.5	10.53	5.78	5.28	5.88
Cash Income Tax Paid	3.31	4.4	6.91	1.88	3.89
Levered Free Cash Flow	2.8	-23.6	39.91	69.67	27.01
Unlevered Free Cash Flow	6.86	-17.02	43.52	72.97	30.69
Change in Working Capital	3.97	-18.16	15.31	44.22	19.14

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