HKG:1596 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	-50.83	49.44	161.03	246.09
Depreciation & Amortization	60.44	55.12	42.06	27.26
Other Amortization	0.48	0.06	-	-
Loss (Gain) From Sale of Assets	-	-	-	-0.02
Asset Writedown & Restructuring Costs	14.07	5.84	23.7	0.01
Loss (Gain) From Sale of Investments	44.56	14.39	-136.91	-55.84
Provision & Write-off of Bad Debts	66.62	41.01	46.71	4.49
Other Operating Activities	37.12	29.18	35.1	26.47
Change in Accounts Receivable	-82.71	84.57	-334.87	-157.73
Change in Inventory	-104.03	-26.43	54.46	-71.27
Change in Accounts Payable	56.31	-37.8	-25.66	116.16
Operating Cash Flow	17.92	193.63	-121.35	135.63
Operating Cash Flow Growth	-90.74%	-	-	-9.16%
Capital Expenditures	-84.62	-94.67	-111.7	-160.62
Sale of Property, Plant & Equipment	0.28	0.08	-	0.06
Investment in Securities	20.47	55.24	4.47	-1.5
Other Investing Activities	13.1	7.47	5.91	10.26
Investing Cash Flow	-50.77	-31.88	-101.32	-151.8
Long-Term Debt Issued	551.59	362.05	502.64	363.71
Total Debt Issued	551.59	362.05	502.64	363.71
Long-Term Debt Repaid	-455.25	-446.55	-208.59	-412.51
Total Debt Repaid	-455.25	-446.55	-208.59	-412.51
Net Debt Issued (Repaid)	96.34	-84.5	294.05	-48.79
Repurchase of Common Stock	-24.88	-	-	-
Common Dividends Paid	-27.01	-63.63	-70.73	-15.87
Other Financing Activities	-	-	10.36	10.5
Financing Cash Flow	44.46	-148.13	233.69	-54.16
Foreign Exchange Rate Adjustments	-0.7	-0.57	0.06	0.49
Net Cash Flow	10.91	13.04	11.08	-69.84
Free Cash Flow	-66.7	98.96	-233.05	-24.98
Free Cash Flow Margin	-6.12%	8.27%	-18.52%	-1.83%
Free Cash Flow Per Share	-0.07	0.12	-0.26	-0.03
Cash Income Tax Paid	45.45	88.24	59.51	72.69
Levered Free Cash Flow	-45.28	73.99	-321.26	-16.41
Unlevered Free Cash Flow	-33.99	85.65	-308.06	-6.53
Change in Working Capital	-154.54	-1.41	-293.04	-112.83

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