HKG:1497 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	188.56	156.3	201.22	191.84	167.35
Depreciation & Amortization	60.55	55.91	40.2	36.33	28.17
Other Amortization	1.61	0.51	0.62	0.51	0.25
Loss (Gain) From Sale of Assets	-0.59	-0.31	-0.19	-0.32	-0.16
Asset Writedown & Restructuring Costs	14.23	-	-	-	-
Loss (Gain) From Sale of Investments	-3.97	-2.81	-1.94	-1.46	-2.36
Stock-Based Compensation	7.37	-	4.82	5.25	21.81
Provision & Write-off of Bad Debts	0.6	1.03	0.63	2.82	2.1
Other Operating Activities	4.92	11.18	-10.87	-14.96	24.69
Change in Accounts Receivable	48.71	-22.5	-97	3.69	-37.67
Change in Inventory	81.31	8.23	-88.57	7.95	7.58
Change in Accounts Payable	31.41	11.29	26.95	32.19	-28.16
Change in Unearned Revenue	-9.47	26.54	48.85	36.25	29.26
Change in Other Net Operating Assets	-3.52	12.04	-1.37	5.78	0.92
Operating Cash Flow	421.74	257.38	123.35	305.88	213.77
Operating Cash Flow Growth	63.86%	108.66%	-59.67%	43.09%	336.15%
Capital Expenditures	-28.18	-114.19	-24.35	-22.48	-24.81
Sale of Property, Plant & Equipment	0.01	0.02	-	-	0.03
Cash Acquisitions	-0.25	-4	-	-	-73.82
Divestitures	-	-	-	5	-
Investment in Securities	2.6	-15.55	6.93	-3.54	50.65
Other Investing Activities	-20	-	-	-	1.49
Investing Cash Flow	-45.82	-133.72	-17.42	-21.02	-46.45
Long-Term Debt Issued	-	-	0.02	12.18	55.37
Long-Term Debt Repaid	-29.89	-29.31	-17.1	-29.02	-143.41
Net Debt Issued (Repaid)	-29.89	-29.31	-17.08	-16.84	-88.04
Issuance of Common Stock	-	-	283.03	-	40.4
Repurchase of Common Stock	-25.97	-94.07	-	-	-
Common Dividends Paid	-98.24	-100.08	-160	-80	-100
Other Financing Activities	-5.71	-16.56	-23.95	-6.69	-0.77
Financing Cash Flow	-159.81	-240.02	82	-103.53	-148.4
Foreign Exchange Rate Adjustments	-0.55	-0.23	-1.66	-	-
Net Cash Flow	215.56	-116.59	186.28	181.32	18.92
Free Cash Flow	393.56	143.19	99	283.4	188.97
Free Cash Flow Growth	174.85%	44.64%	-65.07%	49.98%	407.00%
Free Cash Flow Margin	19.67%	6.98%	5.04%	16.38%	12.54%
Free Cash Flow Per Share	0.86	0.31	0.23	0.67	0.45
Cash Interest Paid	6.22	6.95	2.92	1.64	3.81
Cash Income Tax Paid	89.39	48.34	88.92	88.07	39.64
Levered Free Cash Flow	342.35	143.55	46.04	270.09	176.17
Unlevered Free Cash Flow	346.24	147.89	47.87	271.12	178.25
Change in Working Capital	148.44	35.59	-111.14	85.86	-28.07

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