HKG:1028 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	-150.04	48.25	20.83	14.79	27.35
Depreciation & Amortization	63.06	71.51	70.75	74.8	70
Other Amortization	3.68	3.78	3.78	3.94	3.77
Loss (Gain) From Sale of Assets	-6.8	-0.01	-0.24	-0.04	0.28
Loss (Gain) From Sale of Investments	-	-	-	-	-2.36
Loss (Gain) on Equity Investments	0	-	-1.35	0.11	0.02
Stock-Based Compensation	-	-	-	-	0.33
Provision & Write-off of Bad Debts	149.46	-1.13	0.46	0.49	-1.06
Other Operating Activities	-5.99	-7.5	38.29	33.05	-19.1
Change in Accounts Receivable	38.45	9.69	-32.57	34.73	31.83
Change in Inventory	26.47	32.25	120.71	-2.01	-158.69
Change in Accounts Payable	11.67	-28.96	10.04	-13.15	-43.34
Change in Unearned Revenue	1.76	5.88	5.47	-12.43	15.65
Change in Other Net Operating Assets	14.47	-25.96	2.81	40.45	106.54
Operating Cash Flow	146.21	107.8	238.99	174.74	31.22
Operating Cash Flow Growth	35.63%	-54.89%	36.77%	459.65%	-86.77%
Capital Expenditures	-29.18	-84.02	-59.71	-50.76	-102.05
Sale of Property, Plant & Equipment	0.37	0.15	0.77	0.73	3.92
Divestitures	-4.15	-	-	-	-1.15
Sale (Purchase) of Intangibles	-0.4	-0.28	-0.76	-0.52	-1.68
Investment in Securities	-48.03	-	8.27	-26.35	2.18
Other Investing Activities	5.01	10.11	7.63	-14.37	-1.26
Investing Cash Flow	-76.38	-74.04	-43.8	-91.27	-100.03
Long-Term Debt Repaid	-14.05	-20.87	-25.02	-27.78	-31.62
Total Debt Repaid	-14.05	-20.87	-25.02	-27.78	-31.62
Net Debt Issued (Repaid)	-14.05	-20.87	-25.02	-27.78	-31.62
Issuance of Common Stock	76.67	-	-	-	-
Common Dividends Paid	-	-245.59	-	-	-
Other Financing Activities	-0.84	-1.02	-2.97	-2.56	-2.84
Financing Cash Flow	61.79	-267.47	-27.98	-30.34	-34.46
Net Cash Flow	131.62	-233.71	167.2	53.14	-103.27
Free Cash Flow	117.03	23.78	179.29	123.98	-70.82
Free Cash Flow Growth	392.22%	-86.74%	44.61%	-	-
Free Cash Flow Margin	9.65%	1.71%	11.64%	8.97%	-4.35%
Free Cash Flow Per Share	0.06	0.01	0.09	0.06	-0.03
Cash Interest Paid	0.84	1.02	2.97	2.56	2.84
Cash Income Tax Paid	10.62	13.59	29.74	-3.91	40.09
Levered Free Cash Flow	300.33	-41.7	-70.59	280.42	-230.7
Unlevered Free Cash Flow	300.85	-41.07	-68.73	282.01	-228.92
Change in Working Capital	92.83	-7.1	106.46	47.58	-48

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