China Ecotourism Group Cash Flow Statement

Financials in millions HKD. Fiscal year is July - June.

Millions HKD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-72.36	-271.97	-146.02	-155.07	-258.31
Depreciation & Amortization	4.94	12.68	22.41	14.64	25.14
Other Amortization	-	-	-	-	5.03
Loss (Gain) From Sale of Assets	20.56	143.18	1.97	-	2.42
Asset Writedown & Restructuring Costs	-	6.68	-	-	48
Loss (Gain) From Sale of Investments	-0	3.2	5.06	-	2.23
Other Operating Activities	40.59	76.66	51.56	73.83	-1.29
Change in Accounts Receivable	-16.27	-3	-2.79	-	63.51
Change in Inventory	-4.66	-17.9	0.35	-	-12.56
Change in Accounts Payable	3.41	-13.1	7.95	-	1.17
Change in Unearned Revenue	28.96	-4.53	13.4	-	5.08
Change in Other Net Operating Assets	29.18	25.86	35.76	92.91	10.3
Operating Cash Flow	28	-38.08	-4.89	26.31	-48.02
Capital Expenditures	-0.13	-	-2	-	-5.29
Sale of Property, Plant & Equipment	-	-	0.11	-	0.94
Divestitures	-	-0.02	-	-	-0.01
Other Investing Activities	1.64	-1.04	-3.85	1.41	-0.54
Investing Cash Flow	1.51	-1.06	-5.74	1.41	-4.91
Short-Term Debt Issued	2.62	5.44	-	-	-
Long-Term Debt Issued	8.75	-	-	-	5
Total Debt Issued	11.37	5.44	78.32	-	5
Short-Term Debt Repaid	-	-	-	-	-8.54
Long-Term Debt Repaid	-9.94	-5.01	-	-	-58.52
Total Debt Repaid	-9.94	-5.01	-37.34	-	-67.07
Net Debt Issued (Repaid)	1.43	0.43	40.98	-	-62.07
Issuance of Common Stock	-	-	-	-	155.41
Other Financing Activities	-0.54	-15.91	-28.76	-38.06	-15.25
Financing Cash Flow	0.89	-15.48	12.22	-38.06	78.09
Foreign Exchange Rate Adjustments	1.11	-1.92	-3.95	-2.25	-5.48
Net Cash Flow	31.51	-56.54	-2.35	-12.59	19.68
Free Cash Flow	27.87	-38.08	-6.89	26.31	-53.31
Free Cash Flow Margin	24.91%	-56.57%	-4.97%	20.72%	-42.68%
Free Cash Flow Per Share	0.18	-0.25	-0.04	0.17	-0.47
Cash Interest Paid	0.54	15.91	28.76	-	15.25
Cash Income Tax Paid	1.15	1.16	0.88	0.42	0.39
Levered Free Cash Flow	-25.38	217.71	-	-1	-46.23
Unlevered Free Cash Flow	-5.82	231.07	-	24.63	-10.28
Change in Working Capital	40.63	-12.67	54.66	92.91	67.49

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