Be Friends Holding Limited (HKG:1450)

Be Friends Holding Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	90.23	81.71	119.46	-9.21	-61.62
Depreciation & Amortization	30.06	34.53	25.59	8.48	7.99
Other Amortization	5.32	4.86	4.94	9.47	3.89
Loss (Gain) From Sale of Assets	-	-	-	-5.56	-0.09
Asset Writedown & Restructuring Costs	-	0.07	0.22	-	7.15
Loss (Gain) From Sale of Investments	1.42	-	-	12.14	3.08
Loss (Gain) on Equity Investments	-0.74	-2.85	-7.07	-0.15	0.64
Stock-Based Compensation	24.78	47.93	83.71	23.42	0.09
Provision & Write-off of Bad Debts	0.79	-2.83	6.83	0.09	6.12
Other Operating Activities	-4.23	18.05	-6.7	21.24	12.56
Change in Accounts Receivable	73.18	-22.64	-60.77	-90.6	63.25
Change in Inventory	-7.2	5.13	-9.41	0.45	10.67
Change in Accounts Payable	113.03	-40.59	26.16	28.14	-45.93
Change in Unearned Revenue	37	29.36	-	-	-
Change in Other Net Operating Assets	-5.97	-158.48	-	-	-
Operating Cash Flow	357.92	-27.58	182.99	-2.08	7.81
Capital Expenditures	-3.03	-12.98	-12.72	-4.82	-0.37
Cash Acquisitions	-131.94	-	-49.03	-	-
Divestitures	-0.07	-	-	0.74	-0.01
Sale (Purchase) of Intangibles	-3.68	-5.13	-3.13	-2.36	-
Investment in Securities	-24.6	-	-10	38.86	-
Other Investing Activities	26.33	-40.33	0.41	-0.09	4.66
Investing Cash Flow	-136.97	-58.44	-74.47	32.34	4.28
Long-Term Debt Issued	60	103.47	63.08	48.64	127.07
Long-Term Debt Repaid	-78.59	-42.67	-72.35	-83.24	-104.57
Net Debt Issued (Repaid)	-18.59	60.8	-9.27	-34.6	22.5
Issuance of Common Stock	-	-	-	-	8.95
Repurchase of Common Stock	-	-7.36	-	-	-
Other Financing Activities	-1.31	-0.96	-1.01	-0.24	4.65
Financing Cash Flow	-19.9	52.47	-10.28	-34.83	36.1
Foreign Exchange Rate Adjustments	4.04	-2.67	0.37	0.95	-0.21
Net Cash Flow	205.08	-36.22	98.61	-3.63	47.98
Free Cash Flow	354.89	-40.56	170.27	-6.9	7.44
Free Cash Flow Margin	23.87%	-3.56%	15.85%	-1.62%	3.67%
Free Cash Flow Per Share	0.26	-0.03	0.12	-0.01	0.01
Cash Interest Paid	8.16	8.76	8.2	6.22	12.95
Cash Income Tax Paid	42.11	38.08	21.63	0.6	0.32
Levered Free Cash Flow	453.92	-82.93	180.19	53.64	19.15
Unlevered Free Cash Flow	456.4	-82.23	189.1	62.65	28.24
Change in Working Capital	210.05	-187.21	-44.01	-62.01	27.98

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