HKG:0989 Cash Flow Statement

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

Millions CNY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	-852.91	-193.33	366.01	-56.96
Depreciation & Amortization	6.61	3.13	3.01	1.77
Loss (Gain) From Sale of Assets	47.08	-	-	-64.35
Asset Writedown & Restructuring Costs	170.91	64.2	66.29	33.53
Provision & Write-off of Bad Debts	-0.23	-0.38	8.96	6.54
Other Operating Activities	548.99	61.4	-524.45	-77.39
Change in Accounts Receivable	10.67	-44.65	10.67	-12.71
Change in Inventory	100.12	-42.1	213.85	-104.06
Change in Accounts Payable	23.03	4.81	68.89	24.95
Change in Unearned Revenue	-99.81	64.03	-281.54	149.02
Change in Other Net Operating Assets	4.9	0.97	1.26	2.77
Operating Cash Flow	-40.64	-81.92	-67.06	-96.89
Capital Expenditures	-0.57	-0.06	-0.54	-0.02
Divestitures	-	-	-	-2.07
Investing Cash Flow	-0.57	-0.06	-0.54	-2.1
Short-Term Debt Issued	23.31	72.51	107.53	213.04
Long-Term Debt Issued	10	386.37	580	260
Total Debt Issued	33.31	458.89	687.53	473.04
Short-Term Debt Repaid	-18.87	-26.11	-15.48	-36.16
Long-Term Debt Repaid	-21.75	-367.12	-627.69	-362.95
Total Debt Repaid	-40.62	-393.23	-643.18	-399.11
Net Debt Issued (Repaid)	-7.31	65.66	44.35	73.93
Financing Cash Flow	-7.31	65.66	44.35	73.93
Foreign Exchange Rate Adjustments	-0	0.02	0.03	-0.13
Net Cash Flow	-48.53	-16.3	-23.21	-25.18
Free Cash Flow	-41.22	-81.98	-67.59	-96.91
Free Cash Flow Margin	-22.12%	-70.63%	-17.15%	-86.45%
Free Cash Flow Per Share	-0.11	-0.23	-0.19	-0.29
Cash Interest Paid	31.06	32.33	61.9	90.29
Cash Income Tax Paid	5.96	3.08	2.52	16.33
Levered Free Cash Flow	690.73	-27.58	-279.88	-72.35
Unlevered Free Cash Flow	722.88	-13.13	-269.45	-33.31
Change in Working Capital	38.9	-16.94	13.12	59.98