HKG:1354 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	63.95	59.03	49.73	37.5	32.19
Depreciation & Amortization	13.04	12.53	10.98	9.36	7.94
Other Amortization	1.39	0.84	0.88	0.66	0.53
Loss (Gain) From Sale of Assets	0.1	0.02	0.02	0.03	-0.04
Loss (Gain) From Sale of Investments	-	-	-	-	-0.41
Provision & Write-off of Bad Debts	9.95	11.36	3.87	5.19	1.16
Other Operating Activities	-3.38	0.47	-8.63	3.05	-1.24
Change in Accounts Receivable	-143.33	-19.95	-11.04	-99.94	-52.3
Change in Inventory	0.08	0.51	0.48	-0.13	-0.12
Change in Accounts Payable	85.18	70.65	97.38	23.79	66.2
Change in Unearned Revenue	11.11	-1.67	13.09	0.88	7.13
Change in Other Net Operating Assets	0.82	-1.84	3.83	-5.15	-0.81
Operating Cash Flow	38.89	131.95	160.58	-24.76	60.23
Operating Cash Flow Growth	-70.53%	-17.83%	-	-	-
Capital Expenditures	-14.25	-21.16	-51.31	-14.65	-21.5
Sale of Property, Plant & Equipment	0.06	0.15	0.02	0	0.14
Cash Acquisitions	-	-	-0.19	0.84	-
Sale (Purchase) of Intangibles	-1.32	-	-	-	-
Investment in Securities	-	-	-	-	7.82
Other Investing Activities	1	1.21	8.11	2.38	23.42
Investing Cash Flow	-14.51	-19.79	-43.36	-11.43	9.89
Short-Term Debt Repaid	-	-	-	-	-9.29
Long-Term Debt Repaid	-1.51	-0.88	-12.37	-3.34	-42.77
Total Debt Repaid	-1.51	-0.88	-12.37	-3.34	-52.07
Net Debt Issued (Repaid)	-1.51	-0.88	-12.37	-3.34	-52.07
Issuance of Common Stock	-	110.21	0.08	7.28	-
Other Financing Activities	-1.91	-54.39	-50.38	-13.46	1.73
Financing Cash Flow	-3.42	54.94	-62.67	-9.52	-50.33
Net Cash Flow	20.97	167.1	54.55	-45.71	19.79
Free Cash Flow	24.65	110.8	109.27	-39.42	38.73
Free Cash Flow Growth	-77.76%	1.39%	-	-	-
Free Cash Flow Margin	2.35%	11.64%	12.67%	-5.58%	6.52%
Free Cash Flow Per Share	0.37	1.90	2.19	-0.83	0.91
Cash Interest Paid	0.1	0.06	0.24	0.75	1.99
Cash Income Tax Paid	21.96	13.73	21.7	7.21	8.5
Levered Free Cash Flow	-36.82	100.06	90.14	-39.75	-
Unlevered Free Cash Flow	-36.76	100.1	90.29	-39.28	-
Change in Working Capital	-46.15	47.7	103.74	-80.56	20.1

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