HKG:1720 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	21.18	18.48	7.65	24.68	44	32.29
Depreciation & Amortization	42.23	43.77	43.28	34.89	22.79	19.91
Loss (Gain) From Sale of Assets	-0.98	-0.98	-	-	-	-
Loss (Gain) on Equity Investments	0.19	0.06	-	-	-	-
Provision & Write-off of Bad Debts	10.26	10.18	12.13	0.75	-1.16	3.92
Other Operating Activities	14.62	16.46	9.64	20.57	8.3	5.3
Change in Accounts Receivable	-122.57	-79.8	-74.85	-109.34	-24.65	10.28
Change in Inventory	-29.36	-6.95	19.42	3.67	-16.56	-1.76
Change in Accounts Payable	19.23	11.59	-0.84	69.26	42.62	-13.33
Change in Unearned Revenue	-1.35	-14.55	14.84	13.8	-1	2.1
Change in Other Net Operating Assets	43.75	62.87	-48.12	-34.26	8.26	-3.46
Operating Cash Flow	-2.81	61.13	-16.85	24.02	82.61	55.25
Operating Cash Flow Growth	-	-	-	-70.92%	49.50%	29.04%
Capital Expenditures	1.88	-13.14	-20.09	-69.98	-106.8	-63.56
Sale of Property, Plant & Equipment	3.39	3.39	-	-	-	-
Divestitures	-0.43	-0.43	-	-	-	-
Other Investing Activities	0.49	0.33	0.65	0.45	0.78	0.51
Investing Cash Flow	5.33	-9.86	-19.45	-69.53	-106.02	-63.05
Long-Term Debt Issued	-	286.8	242.7	308.9	174.5	158.93
Total Debt Issued	220.34	286.8	242.7	308.9	174.5	158.93
Long-Term Debt Repaid	-	-317.15	-241.69	-231.44	-128.89	-171.26
Total Debt Repaid	-247.35	-317.15	-241.69	-231.44	-128.89	-171.26
Net Debt Issued (Repaid)	-27.01	-30.35	1.02	77.46	45.61	-12.32
Other Financing Activities	7.1	-17.33	-5.77	-30.91	1.64	-10.46
Financing Cash Flow	-19.91	-47.68	-4.75	46.55	47.25	-22.79
Foreign Exchange Rate Adjustments	-1.61	-1.64	-1.06	2.94	-1.45	-0.83
Net Cash Flow	-19	1.96	-42.11	3.99	22.38	-31.42
Free Cash Flow	-0.92	47.99	-36.94	-45.96	-24.2	-8.31
Free Cash Flow Margin	-0.14%	7.23%	-6.00%	-7.11%	-3.87%	-1.53%
Free Cash Flow Per Share	-0.00	0.04	-0.03	-0.04	-0.02	-0.01
Cash Interest Paid	18.83	19.45	19.7	19.04	2.52	2.94
Cash Income Tax Paid	0	1.03	7.86	7.1	8.04	5.69
Levered Free Cash Flow	-134.79	14.83	-151.86	-67.49	-15.22	-1.18
Unlevered Free Cash Flow	-123.02	26.99	-139.55	-55.59	-13.65	0.66
Change in Working Capital	-90.3	-26.83	-89.55	-56.88	8.67	-6.17

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