HKG:1588 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	81.59	33.46	15.88	-212.1	-185.07
Depreciation & Amortization	11.69	9.72	11.17	10.86	9.26
Other Amortization	0.35	0.76	4.53	7.43	8.16
Loss (Gain) From Sale of Assets	-0.04	-0.03	-43.78	-0.09	-0.23
Loss (Gain) From Sale of Investments	-10.34	-1.28	-40.18	22.85	29.46
Loss (Gain) on Equity Investments	1.43	5.17	0.27	1.48	2.32
Stock-Based Compensation	-	0.12	0.25	0.81	0.83
Provision & Write-off of Bad Debts	5.15	2.71	0.56	0	0.48
Other Operating Activities	-15.34	-21.1	-13.45	-35.4	-42.72
Change in Accounts Receivable	0.56	-4.82	-12.26	-0.19	-40.49
Change in Inventory	0.16	0.26	-0.14	-0.09	0.17
Change in Accounts Payable	-0.14	-4.12	-6.06	1.88	11.01
Change in Unearned Revenue	118.54	94.2	106.59	69.54	138.59
Change in Other Net Operating Assets	-42.37	-23.77	-65.43	-26.1	-22.51
Operating Cash Flow	151.23	91.3	-42.05	-159.12	-90.73
Operating Cash Flow Growth	65.65%	-	-	-	-
Capital Expenditures	-3.74	-1.06	-0.79	-3.33	-9.1
Sale of Property, Plant & Equipment	0.09	0.16	0.26	0.24	0.41
Sale (Purchase) of Intangibles	-11.87	-18.07	-0.32	-0.1	-0.55
Investment in Securities	-195.76	-373.02	-154.17	503.86	350.78
Other Investing Activities	13.83	13.43	89.33	19.27	22.71
Investing Cash Flow	-267.45	-378.56	-65.69	519.94	364.26
Long-Term Debt Repaid	-6.97	-7.66	-7	-6.52	-6.26
Total Debt Repaid	-6.97	-7.66	-7	-6.52	-6.26
Net Debt Issued (Repaid)	-6.97	-7.66	-7	-6.52	-6.26
Repurchase of Common Stock	-27.96	-	-	-	-
Common Dividends Paid	-	-	-	-	-17.38
Other Financing Activities	-0.57	-0.22	-0.43	-0.67	-4.2
Financing Cash Flow	-35.49	-7.88	-7.43	-7.18	-27.84
Foreign Exchange Rate Adjustments	-1.44	1.91	1.22	6.67	-1.54
Net Cash Flow	-153.15	-293.23	-113.95	360.31	244.15
Free Cash Flow	147.49	90.23	-42.84	-162.45	-99.83
Free Cash Flow Growth	63.46%	-	-	-	-
Free Cash Flow Margin	13.47%	9.41%	-5.35%	-23.88%	-16.91%
Free Cash Flow Per Share	0.46	0.28	-0.13	-0.54	-0.33
Cash Interest Paid	0.57	0.22	0.43	0.67	0.21
Cash Income Tax Paid	-	0.01	0.01	0	-1.19
Levered Free Cash Flow	13.34	29.01	-185.12	-100.82	67.86
Unlevered Free Cash Flow	13.69	29.15	-184.85	-100.41	67.99
Change in Working Capital	76.76	61.75	22.7	45.04	86.77

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