HKG:0989 Cash Flow Statement

Financials in millions CNY. Fiscal year is April - March.

Millions CNY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-284.93	-852.91	-193.33	366.01	-56.96	-515.2
Depreciation & Amortization	7.09	6.61	3.13	3.01	1.77	11.23
Loss (Gain) From Sale of Assets	47.08	47.08	-	-	-64.35	-
Asset Writedown & Restructuring Costs	170.91	170.91	64.2	66.29	33.53	54.45
Provision & Write-off of Bad Debts	-0.23	-0.23	-0.38	8.96	6.54	14.86
Other Operating Activities	-42.51	548.99	61.4	-524.45	-77.39	277.93
Change in Accounts Receivable	10.67	10.67	-44.65	10.67	-12.71	-56.93
Change in Inventory	100.12	100.12	-42.1	213.85	-104.06	-46.34
Change in Accounts Payable	23.03	23.03	4.81	68.89	24.95	-
Change in Unearned Revenue	-99.81	-99.81	64.03	-281.54	149.02	97.1
Change in Other Net Operating Assets	4.9	4.9	0.97	1.26	2.77	10.13
Operating Cash Flow	-63.52	-40.64	-81.92	-67.06	-96.89	-152.78
Capital Expenditures	-	-0.57	-0.06	-0.54	-0.02	-0.06
Divestitures	-0.01	-	-	-	-2.07	122
Investing Cash Flow	-0.01	-0.57	-0.06	-0.54	-2.1	121.94
Short-Term Debt Issued	-	23.31	72.51	107.53	213.04	183.99
Long-Term Debt Issued	-	10	386.37	580	260	341
Total Debt Issued	82.28	33.31	458.89	687.53	473.04	524.99
Short-Term Debt Repaid	-	-18.87	-26.11	-15.48	-36.16	-107.13
Long-Term Debt Repaid	-	-21.75	-367.12	-627.69	-362.95	-384.63
Total Debt Repaid	-23.91	-40.62	-393.23	-643.18	-399.11	-491.76
Net Debt Issued (Repaid)	58.38	-7.31	65.66	44.35	73.93	33.24
Issuance of Common Stock	-	-	-	-	-	85.94
Financing Cash Flow	58.38	-7.31	65.66	44.35	73.93	119.17
Foreign Exchange Rate Adjustments	0.09	-0	0.02	0.03	-0.13	-0.5
Net Cash Flow	-5.07	-48.53	-16.3	-23.21	-25.18	87.83
Free Cash Flow	-63.52	-41.22	-81.98	-67.59	-96.91	-152.84
Free Cash Flow Margin	-67.85%	-22.12%	-70.63%	-17.15%	-86.45%	-99.68%
Free Cash Flow Per Share	-0.18	-0.11	-0.23	-0.19	-0.29	-0.53
Cash Interest Paid	27.81	31.06	32.33	61.9	90.29	49.74
Cash Income Tax Paid	0.15	5.96	3.08	2.52	16.33	9.39
Levered Free Cash Flow	-37.05	690.73	-27.58	-279.88	-72.35	295.88
Unlevered Free Cash Flow	3.71	722.88	-13.13	-269.45	-33.31	357.66
Change in Working Capital	38.9	38.9	-16.94	13.12	59.98	3.96

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