HKG:1553 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	139.9	142.34	153.73	139.7	116.02
Depreciation & Amortization	-	42.62	40.36	37.1	27.06
Other Amortization	-	0.28	0.46	1.24	1.19
Loss (Gain) From Sale of Assets	-	1.08	1.56	-0.02	0.03
Loss (Gain) From Sale of Investments	-	-0.14	-0.14	-0.03	-0.64
Provision & Write-off of Bad Debts	-	12.65	5.14	5.1	2.57
Other Operating Activities	-144.4	4.49	12.21	3.01	11.33
Change in Accounts Receivable	-	-278.54	-197.01	-29.31	-107.12
Change in Inventory	-	3.3	-34.44	41.05	-79.08
Change in Accounts Payable	-	-143.73	17.33	-6.44	20.88
Change in Unearned Revenue	-	96.21	19.56	10	-4.83
Change in Other Net Operating Assets	-	-39.49	-39.14	-23.53	35.27
Operating Cash Flow	-4.5	-158.94	-20.39	177.85	22.67
Operating Cash Flow Growth	-	-	-	684.58%	-87.71%
Capital Expenditures	-	-99.29	-25.93	-50.17	-182.95
Sale of Property, Plant & Equipment	-	5.48	1.1	3.06	-
Investment in Securities	-	4.66	-18.48	0.03	88.14
Other Investing Activities	11.36	-69.3	-137.44	-27.51	14.38
Investing Cash Flow	11.36	-158.46	-180.76	-74.6	-80.43
Short-Term Debt Issued	-	810.17	478.17	132	185
Total Debt Issued	-	810.17	478.17	132	185
Short-Term Debt Repaid	-	-435.99	-218.15	-223	-82
Long-Term Debt Repaid	-	-1.59	-2.66	-3.63	-3.08
Total Debt Repaid	-	-437.58	-220.81	-226.63	-85.08
Net Debt Issued (Repaid)	-	372.59	257.36	-94.63	99.92
Common Dividends Paid	-	-47.31	-39.31	-37.1	-43.32
Other Financing Activities	-49.55	-2.97	-3.51	-4.36	1.21
Financing Cash Flow	-49.55	322.3	214.55	-136.09	57.81
Foreign Exchange Rate Adjustments	-0.36	0.44	0.78	4.06	-0.76
Net Cash Flow	-43.05	5.35	14.18	-28.79	-0.71
Free Cash Flow	-4.5	-258.23	-46.32	127.68	-160.28
Free Cash Flow Margin	-0.20%	-10.03%	-2.11%	6.06%	-9.03%
Free Cash Flow Per Share	-0.01	-0.59	-0.11	0.29	-0.37
Cash Interest Paid	-	2.97	3.51	4.36	5.76
Cash Income Tax Paid	-	23.74	13.19	13.39	8.07
Levered Free Cash Flow	139.47	-39.85	63.08	28.09	-210.03
Unlevered Free Cash Flow	145.05	-34.66	67.26	31.42	-206.75
Change in Working Capital	-	-362.26	-233.7	-8.24	-134.89

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