HKG:0974 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	-16.98	-67.98	-26.75	-25	-38.05
Depreciation & Amortization	18.72	35.16	39.44	47.17	53.03
Loss (Gain) From Sale of Assets	0.58	0.24	0.03	0.17	-0.68
Asset Writedown & Restructuring Costs	7.57	22.73	-	0.51	0.01
Provision & Write-off of Bad Debts	-2.17	2.1	-	-0.69	-0.21
Other Operating Activities	1.83	3.52	3.21	4.18	7.68
Change in Accounts Receivable	10.44	-0.22	-8.86	-3.36	10.95
Change in Inventory	29.48	-0.79	33.35	-4.73	34.04
Change in Accounts Payable	-21.24	-11.79	-17.1	15.54	-22.91
Change in Unearned Revenue	-1.21	2.8	-4.21	-0.8	4.62
Change in Other Net Operating Assets	19.93	-11.15	-2.57	10	11.27
Operating Cash Flow	46.94	-25.38	16.53	42.99	59.76
Operating Cash Flow Growth	-	-	-61.55%	-28.06%	132.11%
Capital Expenditures	-2.5	-10.69	-5.25	-4.83	-9.27
Sale of Property, Plant & Equipment	0.46	0.42	0.59	0.24	0.97
Investment in Securities	-	-	-	-	43.79
Other Investing Activities	0.1	0.2	0.42	1.03	1.34
Investing Cash Flow	-1.94	-10.07	-4.24	-3.57	36.83
Long-Term Debt Issued	62	62	28	8	60
Total Debt Issued	62	62	28	8	60
Long-Term Debt Repaid	-83.59	-51.38	-36.95	-98.95	-146.13
Total Debt Repaid	-83.59	-51.38	-36.95	-98.95	-146.13
Net Debt Issued (Repaid)	-21.59	10.62	-8.95	-90.95	-86.13
Other Financing Activities	-3.95	-2.84	-3.99	-3.76	-10.67
Financing Cash Flow	-25.53	7.78	-12.94	-94.71	-96.79
Foreign Exchange Rate Adjustments	-0.28	0.14	0.36	0.92	-0.42
Net Cash Flow	19.19	-27.53	-0.29	-54.37	-0.63
Free Cash Flow	44.45	-36.07	11.28	38.16	50.49
Free Cash Flow Growth	-	-	-70.44%	-24.42%	181.93%
Free Cash Flow Margin	9.22%	-6.08%	1.69%	5.97%	6.81%
Free Cash Flow Per Share	0.15	-0.12	0.04	0.13	0.17
Cash Interest Paid	4.05	4.44	4.4	4.64	10.67
Cash Income Tax Paid	0.02	0.09	-	0.03	0.81
Levered Free Cash Flow	47.34	-22.72	14.29	41.27	59.46
Unlevered Free Cash Flow	49.87	-19.91	17.05	44.17	66.08
Change in Working Capital	37.39	-21.16	0.61	16.65	37.97

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