HKG:1459 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	5.02	10.57	54.87	93.82
Depreciation & Amortization	28.53	28.33	25.35	21.66
Other Amortization	0.51	0.67	0.72	0.71
Loss (Gain) From Sale of Assets	0.17	-0.83	0.4	0
Loss (Gain) From Sale of Investments	-7.18	5.11	29.17	-
Provision & Write-off of Bad Debts	111.18	121.77	81.45	104.4
Other Operating Activities	11.65	36.31	42.96	44.49
Change in Accounts Receivable	220.03	-650.25	-300.15	-375.83
Change in Inventory	-1.5	2.23	-2.18	-3.79
Change in Accounts Payable	-501.38	337.47	264.52	272.23
Change in Other Net Operating Assets	181.99	238.22	-127.88	-11.64
Operating Cash Flow	49.03	129.59	69.21	199.35
Operating Cash Flow Growth	-62.17%	87.23%	-65.28%	-
Capital Expenditures	-4.56	-14.79	-28.64	-46.54
Sale of Property, Plant & Equipment	0.27	0.11	0.52	0.24
Sale (Purchase) of Intangibles	-0.06	-0.27	-0.8	-0.11
Investment in Securities	10.76	-	-	-
Other Investing Activities	0.11	0.23	0.36	0.62
Investing Cash Flow	6.51	-14.72	-28.56	-45.78
Long-Term Debt Issued	465.93	574.15	546.96	902.52
Total Debt Issued	465.93	574.15	546.96	902.52
Long-Term Debt Repaid	-557.29	-584.57	-558.48	-910.64
Total Debt Repaid	-557.29	-584.57	-558.48	-910.64
Net Debt Issued (Repaid)	-91.36	-10.42	-11.52	-8.12
Common Dividends Paid	-9.71	-19.1	-18.79	-18.07
Other Financing Activities	-34.09	-42.76	-37.37	-63.64
Financing Cash Flow	-135.16	-72.28	-67.68	-89.83
Foreign Exchange Rate Adjustments	0.11	-0.18	-	-
Net Cash Flow	-79.51	42.41	-27.02	63.74
Free Cash Flow	44.47	114.79	40.57	152.81
Free Cash Flow Growth	-61.26%	182.93%	-73.45%	-
Free Cash Flow Margin	0.66%	1.38%	0.47%	1.52%
Free Cash Flow Per Share	0.08	0.21	0.08	0.29
Cash Interest Paid	30.95	37.61	36.92	33.48
Cash Income Tax Paid	12.81	12.59	11.21	29.74
Levered Free Cash Flow	-34.07	48.61	-36.84	245.29
Unlevered Free Cash Flow	-14.73	72.12	-12.92	268.66
Change in Working Capital	-100.85	-72.33	-165.69	-65.73

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