HKG:1237 Cash Flow Statement

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

Millions CNY. 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	2.98	-2.36	-6.56	47.09
Depreciation & Amortization	30.5	33.03	35.38	37.88
Loss (Gain) From Sale of Assets	-0	-0.81	-0.57	-0.1
Loss (Gain) From Sale of Investments	-0.16	-0.55	0.47	-1.23
Stock-Based Compensation	-	-	-	7.71
Provision & Write-off of Bad Debts	4.55	1.17	-2.89	-2.53
Other Operating Activities	-25.5	-6.19	-7.05	-13.74
Change in Accounts Receivable	-37.29	18.69	115.66	-94.88
Change in Inventory	-7.71	-26.07	43.67	-18.41
Change in Accounts Payable	61.11	13.41	22.76	-0.83
Change in Unearned Revenue	5	-5.92	4.12	3.78
Change in Other Net Operating Assets	-	-	-0.01	-
Operating Cash Flow	33.47	24.41	204.99	-35.88
Operating Cash Flow Growth	37.13%	-88.09%	-	-
Capital Expenditures	-11.14	-4.08	-7.2	-13.2
Sale of Property, Plant & Equipment	0.21	0.03	2.39	0.44
Sale (Purchase) of Real Estate	-	-	-	-4.61
Investment in Securities	-29.88	-113.37	-108.58	-92.44
Other Investing Activities	-91.51	-26.31	-47.05	3.6
Investing Cash Flow	-132.32	-143.73	-160.44	-106.22
Short-Term Debt Issued	231.9	86.9	53.95	74.41
Total Debt Issued	231.9	86.9	53.95	74.41
Short-Term Debt Repaid	-132.4	-53.95	-54	-20.13
Long-Term Debt Repaid	-	-0.1	-0.11	-0.03
Total Debt Repaid	-132.4	-54.05	-54.11	-20.16
Net Debt Issued (Repaid)	99.5	32.85	-0.16	54.25
Other Financing Activities	-3.07	3.95	-0.39	3.66
Financing Cash Flow	96.43	36.8	-0.55	57.91
Foreign Exchange Rate Adjustments	-2.88	1.1	8.24	7.89
Net Cash Flow	-5.3	-81.42	52.24	-76.3
Free Cash Flow	22.33	20.33	197.8	-49.08
Free Cash Flow Growth	9.82%	-89.72%	-	-
Free Cash Flow Margin	5.45%	6.83%	42.53%	-8.07%
Free Cash Flow Per Share	0.24	0.22	2.27	-0.59
Cash Interest Paid	3.86	1.33	0.92	1.24
Cash Income Tax Paid	0.03	0.03	0.06	-0.01
Levered Free Cash Flow	-73.08	-10.96	147.25	-75.17
Unlevered Free Cash Flow	-70.67	-10.11	147.88	-74.39
Change in Working Capital	21.11	0.11	186.2	-110.34

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.