GDH Guangnan (Holdings) Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	140.75	65.92	135.67	54.06
Depreciation & Amortization	126.12	111.33	83.65	67.13
Loss (Gain) From Sale of Assets	-1.48	0.14	-3.13	0.01
Asset Writedown & Restructuring Costs	14.69	4.44	1.68	1.1
Loss (Gain) From Sale of Investments	-0.08	-23.69	-0.02	-
Loss (Gain) on Equity Investments	-54.92	127.1	56.44	72.31
Stock-Based Compensation	1.6	-	-	-
Provision & Write-off of Bad Debts	7.07	-	-	-
Other Operating Activities	58.84	70.77	5.35	13.62
Change in Accounts Receivable	-417.53	-124.97	-17.24	-160.83
Change in Inventory	54.86	34.3	-75.28	-152.38
Change in Accounts Payable	132.65	-18.56	-35.9	481.75
Change in Unearned Revenue	4.78	-1.51	-2.37	11.49
Change in Other Net Operating Assets	0.02	14.64	-56.16	16.24
Operating Cash Flow	67.35	259.92	92.69	404.49
Operating Cash Flow Growth	-74.09%	180.42%	-77.09%	-
Capital Expenditures	-76.52	-260.99	-190.84	-465.77
Sale of Property, Plant & Equipment	2.14	3.5	10.61	1.74
Cash Acquisitions	-6.97	0.36	-78.09	-
Investment in Securities	17.46	-10.85	-	-143.45
Investing Cash Flow	-63.9	-267.97	-258.33	-607.48
Long-Term Debt Issued	833.02	428.07	697.7	355.94
Total Debt Issued	833.02	428.07	697.7	355.94
Long-Term Debt Repaid	-784.09	-507.19	-179.19	-65.45
Total Debt Repaid	-784.09	-507.19	-179.19	-65.45
Net Debt Issued (Repaid)	48.92	-79.12	518.51	290.5
Common Dividends Paid	-27.23	-27.23	-22.69	-22.69
Other Financing Activities	-89.13	-48.27	-39.29	-5.36
Financing Cash Flow	-67.43	-154.62	456.54	262.44
Foreign Exchange Rate Adjustments	-17.14	-13.04	-48.48	14.65
Net Cash Flow	-81.12	-175.7	242.42	74.1
Free Cash Flow	-9.17	-1.07	-98.15	-61.28
Free Cash Flow Margin	-0.08%	-0.01%	-1.18%	-1.26%
Free Cash Flow Per Share	-0.01	-0.00	-0.11	-0.07
Cash Interest Paid	31.84	37.98	22.91	5.4
Cash Income Tax Paid	54.73	50.5	33.13	8.66
Levered Free Cash Flow	-142.2	-87.16	33.71	-157.46
Unlevered Free Cash Flow	-123.01	-70.7	45.7	-157.02
Change in Working Capital	-225.22	-96.09	-186.95	196.27

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