HKG:1497 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	156.3	201.22	191.84	167.35
Depreciation & Amortization	55.91	40.2	36.33	28.17
Other Amortization	0.51	0.62	0.51	0.25
Loss (Gain) From Sale of Assets	-0.31	-0.19	-0.32	-0.16
Loss (Gain) From Sale of Investments	-2.81	-1.94	-1.46	-2.36
Stock-Based Compensation	-	4.82	5.25	21.81
Provision & Write-off of Bad Debts	1.03	0.63	2.82	2.1
Other Operating Activities	11.18	-10.87	-14.96	24.69
Change in Accounts Receivable	-22.5	-97	3.69	-37.67
Change in Inventory	8.23	-88.57	7.95	7.58
Change in Accounts Payable	11.29	26.95	32.19	-28.16
Change in Unearned Revenue	26.54	48.85	36.25	29.26
Change in Other Net Operating Assets	12.04	-1.37	5.78	0.92
Operating Cash Flow	257.38	123.35	305.88	213.77
Operating Cash Flow Growth	108.66%	-59.67%	43.09%	336.15%
Capital Expenditures	-114.19	-24.35	-22.48	-24.81
Sale of Property, Plant & Equipment	0.02	-	-	0.03
Cash Acquisitions	-	-	-	-73.82
Divestitures	-4	-	5	-
Investment in Securities	-15.55	6.93	-3.54	50.65
Other Investing Activities	-	-	-	1.49
Investing Cash Flow	-133.72	-17.42	-21.02	-46.45
Long-Term Debt Issued	-	0.02	12.18	55.37
Long-Term Debt Repaid	-29.31	-17.1	-29.02	-143.41
Net Debt Issued (Repaid)	-29.31	-17.08	-16.84	-88.04
Issuance of Common Stock	-	283.03	-	40.4
Common Dividends Paid	-100.08	-160	-80	-100
Other Financing Activities	-110.63	-23.95	-6.69	-0.77
Financing Cash Flow	-240.02	82	-103.53	-148.4
Foreign Exchange Rate Adjustments	-0.23	-1.66	-	-
Net Cash Flow	-116.59	186.28	181.32	18.92
Free Cash Flow	143.19	99	283.4	188.97
Free Cash Flow Growth	44.64%	-65.07%	49.98%	407.00%
Free Cash Flow Margin	6.98%	5.04%	16.38%	12.54%
Free Cash Flow Per Share	0.31	0.23	0.67	0.45
Cash Interest Paid	6.95	2.92	1.64	3.81
Cash Income Tax Paid	48.34	88.92	88.07	39.64
Levered Free Cash Flow	143.55	46.04	270.09	176.17
Unlevered Free Cash Flow	147.89	47.87	271.12	178.25
Change in Working Capital	35.59	-111.14	85.86	-28.07

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