Qianhai Health Holdings Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-9.46	1.31	-52.71	-233.7	-0.89	-0.8
Depreciation & Amortization	2.04	2.4	2.43	2.43	2.44	3.02
Loss (Gain) From Sale of Assets	-51.9	-51.9	-	-21.95	-14.3	1.39
Asset Writedown & Restructuring Costs	4.15	4.15	-	-	-	-0.02
Loss (Gain) on Equity Investments	-	-	-	-	-	1.64
Stock-Based Compensation	-	-	-	-	1.11	2.88
Provision & Write-off of Bad Debts	0.26	0.26	2.53	-16.93	-	14
Other Operating Activities	92.33	60.18	-1.02	331.12	11.81	5.13
Change in Accounts Receivable	-154.22	-154.22	0.98	131.99	73.31	43.99
Change in Inventory	141.03	141.03	50.68	-163.38	-140.12	-133.64
Change in Accounts Payable	0.99	0.99	-2.03	-28.85	16.46	22.77
Change in Unearned Revenue	-	-	-	-6	6	-31.25
Operating Cash Flow	25.22	4.2	0.86	-5.26	-44.18	-70.89
Operating Cash Flow Growth	-	389.96%	-	-	-	-
Capital Expenditures	-0.01	-0.01	-	-0	-0.01	-0.01
Divestitures	0.01	0.01	-	-0.05	40.73	-
Sale (Purchase) of Real Estate	-	-	-	-	-	93.76
Other Investing Activities	0.24	0.24	0.07	0.1	0.12	4.47
Investing Cash Flow	0.24	0.25	17.77	12.34	46.84	122.43
Short-Term Debt Issued	-	-	-	-	40.44	146.37
Total Debt Issued	-	-	-	-	40.44	146.37
Short-Term Debt Repaid	-	-	-	-7.17	-55.98	-198.3
Long-Term Debt Repaid	-	-0.69	-0.7	-0.71	-0.69	-0.95
Total Debt Repaid	-0.63	-0.69	-0.7	-7.88	-56.67	-199.25
Net Debt Issued (Repaid)	-0.63	-0.69	-0.7	-7.88	-16.23	-52.88
Issuance of Common Stock	-	-	-	-	0.21	-
Other Financing Activities	-0.04	-0.02	-0.04	-0.03	-0.53	-2.31
Financing Cash Flow	-0.66	-0.71	-0.74	-7.91	-16.56	-55.19
Foreign Exchange Rate Adjustments	-	-	-	-	-	0.01
Net Cash Flow	24.79	3.73	17.88	-0.83	-13.9	-3.63
Free Cash Flow	25.21	4.19	0.86	-5.26	-44.19	-70.9
Free Cash Flow Growth	-	389.15%	-	-	-	-
Free Cash Flow Margin	4.55%	0.81%	0.09%	-0.27%	-15.59%	-9.32%
Free Cash Flow Per Share	0.15	0.03	0.01	-0.03	-0.26	-0.42
Cash Interest Paid	0.04	0.02	0.04	0.03	0.53	2.31
Levered Free Cash Flow	20.56	7.58	38.53	120.4	-134.47	-52.48
Unlevered Free Cash Flow	20.58	7.59	38.56	120.42	-134.16	-51.37
Change in Working Capital	-12.2	-12.2	49.62	-66.24	-44.35	-98.13

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