HKG:1354 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
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
Net Income	60.21	59.03	49.73	37.5	32.19
Depreciation & Amortization	13.59	12.53	10.98	9.36	7.94
Other Amortization	0.84	0.84	0.88	0.66	0.53
Loss (Gain) From Sale of Assets	0.02	0.02	0.02	0.03	-0.04
Loss (Gain) From Sale of Investments	-	-	-	-	-0.41
Provision & Write-off of Bad Debts	11.36	11.36	3.87	5.19	1.16
Other Operating Activities	-27.52	0.47	-8.63	3.05	-1.24
Change in Accounts Receivable	-19.95	-19.95	-11.04	-99.94	-52.3
Change in Inventory	0.51	0.51	0.48	-0.13	-0.12
Change in Accounts Payable	70.65	70.65	97.38	23.79	66.2
Change in Unearned Revenue	-1.67	-1.67	13.09	0.88	7.13
Change in Other Net Operating Assets	-1.84	-1.84	3.83	-5.15	-0.81
Operating Cash Flow	106.21	131.95	160.58	-24.76	60.23
Operating Cash Flow Growth	-27.08%	-17.83%	-	-	-
Capital Expenditures	-25.14	-21.16	-51.31	-14.65	-21.5
Sale of Property, Plant & Equipment	0.15	0.15	0.02	0	0.14
Cash Acquisitions	-	-	-0.19	0.84	-
Investment in Securities	-	-	-	-	7.82
Other Investing Activities	0.96	1.21	8.11	2.38	23.42
Investing Cash Flow	-24.04	-19.79	-43.36	-11.43	9.89
Short-Term Debt Repaid	-	-	-	-	-9.29
Long-Term Debt Repaid	-	-0.88	-12.37	-3.34	-42.77
Total Debt Repaid	-0.88	-0.88	-12.37	-3.34	-52.07
Net Debt Issued (Repaid)	-0.88	-0.88	-12.37	-3.34	-52.07
Issuance of Common Stock	110.21	110.21	0.08	7.28	-
Other Financing Activities	-26.47	-54.39	-50.38	-13.46	1.73
Financing Cash Flow	82.87	54.94	-62.67	-9.52	-50.33
Net Cash Flow	165.04	167.1	54.55	-45.71	19.79
Free Cash Flow	81.06	110.8	109.27	-39.42	38.73
Free Cash Flow Growth	-31.26%	1.39%	-	-	-
Free Cash Flow Margin	8.45%	11.64%	12.67%	-5.58%	6.52%
Free Cash Flow Per Share	1.22	1.90	2.19	-0.83	0.91
Cash Interest Paid	0.06	0.06	0.24	0.75	1.99
Cash Income Tax Paid	19.31	13.73	21.7	7.21	8.5
Levered Free Cash Flow	75.12	115.93	90.14	-39.75	-
Unlevered Free Cash Flow	75.16	115.97	90.29	-39.28	-
Change in Working Capital	47.7	47.7	103.74	-80.56	20.1

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