HKG:1237 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	13.45	2.98	-2.36	-6.56	47.09	-93.1
Depreciation & Amortization	28.36	30.5	33.03	35.38	37.88	36.69
Loss (Gain) From Sale of Assets	-0	-0	-0.81	-0.57	-0.1	-2.97
Asset Writedown & Restructuring Costs	-	-	-	-	-	24.64
Loss (Gain) From Sale of Investments	-0.16	-0.16	-0.55	0.47	-1.23	4.22
Loss (Gain) on Equity Investments	-	-	-	-	-	0.29
Stock-Based Compensation	-	-	-	-	7.71	6.08
Provision & Write-off of Bad Debts	4.55	4.55	1.17	-2.89	-2.53	-
Other Operating Activities	-60.83	-25.5	-6.19	-7.05	-13.74	-5.59
Change in Accounts Receivable	-37.29	-37.29	18.69	115.66	-94.88	10.77
Change in Inventory	-7.71	-7.71	-26.07	43.67	-18.41	110.41
Change in Accounts Payable	61.11	61.11	13.41	22.76	-0.83	-1.72
Change in Unearned Revenue	5	5	-5.92	4.12	3.78	-
Change in Other Net Operating Assets	-	-	-	-0.01	-	-
Operating Cash Flow	6.47	33.47	24.41	204.99	-35.88	60.73
Operating Cash Flow Growth	-91.55%	37.13%	-88.09%	-	-	-53.14%
Capital Expenditures	-14.13	-11.14	-4.08	-7.2	-13.2	-
Sale of Property, Plant & Equipment	0.21	0.21	0.03	2.39	0.44	-
Sale (Purchase) of Real Estate	-	-	-	-	-4.61	-
Investment in Securities	120.01	-29.88	-113.37	-108.58	-92.44	-
Other Investing Activities	-190.49	-91.51	-26.31	-47.05	3.6	4.33
Investing Cash Flow	-84.4	-132.32	-143.73	-160.44	-106.22	4.33
Short-Term Debt Issued	-	231.9	86.9	53.95	74.41	7.72
Total Debt Issued	223.94	231.9	86.9	53.95	74.41	7.72
Short-Term Debt Repaid	-	-132.4	-53.95	-54	-20.13	-7.77
Long-Term Debt Repaid	-	-	-0.1	-0.11	-0.03	-0.22
Total Debt Repaid	-132.4	-132.4	-54.05	-54.11	-20.16	-7.98
Net Debt Issued (Repaid)	91.54	99.5	32.85	-0.16	54.25	-0.26
Other Financing Activities	9.36	-3.07	3.95	-0.39	3.66	-0.12
Financing Cash Flow	100.9	96.43	36.8	-0.55	57.91	-0.39
Foreign Exchange Rate Adjustments	-2.83	-2.88	1.1	8.24	7.89	2.39
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-5.12
Net Cash Flow	20.15	-5.3	-81.42	52.24	-76.3	61.95
Free Cash Flow	-7.65	22.33	20.33	197.8	-49.08	60.73
Free Cash Flow Growth	-	9.82%	-89.72%	-	-	-49.00%
Free Cash Flow Margin	-1.81%	5.45%	6.83%	42.53%	-8.07%	12.33%
Free Cash Flow Per Share	-0.08	0.24	0.22	2.27	-0.59	0.84
Cash Interest Paid	3.86	3.86	1.33	0.92	1.24	0.12
Cash Income Tax Paid	0.03	0.03	0.03	0.06	-0.01	0.05
Levered Free Cash Flow	-108.07	-73.08	-10.96	147.25	-75.17	104.36
Unlevered Free Cash Flow	-108.07	-70.67	-10.11	147.88	-74.39	104.46
Change in Working Capital	21.11	21.11	0.11	186.2	-110.34	89.88

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.