HKG:1543 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	10.38	42.18	38.4	42.58	81.99
Depreciation & Amortization	14.11	13.31	12.32	11.02	9.75
Other Amortization	4.75	6.38	4.93	3.34	2.25
Loss (Gain) From Sale of Assets	-0.7	4.83	-0.03	-2.39	-0.03
Asset Writedown & Restructuring Costs	-	0.04	-	-	7.46
Loss (Gain) From Sale of Investments	-11	4.51	28.36	0.09	-
Loss (Gain) on Equity Investments	6.39	6.96	15.67	9.93	3.02
Provision & Write-off of Bad Debts	0.05	0.03	5.69	0.05	-2.93
Other Operating Activities	75.6	46.16	88.27	117.49	66.92
Change in Accounts Receivable	-288.7	-316.96	-222.24	-211.18	-135.18
Change in Other Net Operating Assets	270.62	-131.33	-29.85	-65.12	-219.32
Operating Cash Flow	91.08	-282.23	-34.17	-37.57	-156.17
Capital Expenditures	-6.5	-33.42	-7.24	-8.39	-4.7
Sale of Property, Plant & Equipment	0.01	0.01	0	10.59	0.12
Cash Acquisitions	-	-	-	-210	-
Divestitures	-	-	0.19	-	-
Investment in Securities	123.89	3.9	-238.11	36.99	215.23
Other Investing Activities	-14.39	-27.28	26.61	16.18	10.25
Investing Cash Flow	103.01	-56.79	-218.55	-154.63	220.89
Long-Term Debt Issued	320	359.49	209.99	536.44	349.26
Long-Term Debt Repaid	-354.09	-214.73	-166.53	-208.51	-162.26
Net Debt Issued (Repaid)	-34.09	144.76	43.46	327.93	187
Common Dividends Paid	-39.03	-39.09	-67.51	-87.91	-108.51
Other Financing Activities	2.94	-40.83	265.25	4.71	-5.81
Financing Cash Flow	-70.18	64.83	241.2	244.73	72.68
Foreign Exchange Rate Adjustments	-0.45	0.21	0.1	9.65	-4.32
Net Cash Flow	123.46	-273.98	-11.42	62.18	133.08
Free Cash Flow	84.58	-315.65	-41.41	-45.95	-160.87
Free Cash Flow Margin	27.27%	-81.53%	-11.84%	-13.26%	-43.59%
Free Cash Flow Per Share	0.05	-0.20	-0.03	-0.03	-0.10
Cash Interest Paid	33.72	33.97	27.74	19.66	8.15
Cash Income Tax Paid	41.8	57.04	72.15	34.57	41.76
Levered Free Cash Flow	129.36	-311.14	174.56	-84.19	-227.08
Unlevered Free Cash Flow	145.81	-293.78	197.41	-72.18	-212.98
Change in Working Capital	-18.08	-448.29	-252.1	-276.3	-354.51

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