HKG:1756 Cash Flow Statement

Financials in millions CNY. Fiscal year is September - August.

Millions CNY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	458.29	451.09	393.05	259.78	143.46
Depreciation & Amortization	250.93	214.05	179.21	151.78	112.65
Other Amortization	6.15	6.31	6.45	6.17	4.89
Loss (Gain) From Sale of Assets	-0.01	0.68	0.43	0.47	0.07
Asset Writedown & Restructuring Costs	-14.42	-28.67	-0.1	-0.2	-14.56
Other Operating Activities	17.31	-13.7	11.69	3.83	6.63
Change in Accounts Receivable	13.75	-12.81	9.76	-12.39	-4.02
Change in Unearned Revenue	83.83	122.67	162.72	128.38	296.25
Change in Other Net Operating Assets	-40.38	-62.24	-66.3	-30.36	164.16
Operating Cash Flow	775.46	677.38	696.89	507.46	709.53
Operating Cash Flow Growth	14.48%	-2.80%	37.33%	-28.48%	4132.47%
Capital Expenditures	-389.49	-523.39	-570.1	-605.44	-1,148
Sale of Property, Plant & Equipment	0.02	0.2	0.68	0.05	0.11
Sale (Purchase) of Intangibles	-83.09	-62.38	-	-	-
Investment in Securities	-	-	-	6.45	-
Other Investing Activities	-	-	-	5.18	-4.53
Investing Cash Flow	-472.55	-585.57	-569.43	-593.76	-1,153
Long-Term Debt Issued	463.56	720	316.95	504.64	695.71
Total Debt Issued	463.56	720	316.95	504.64	695.71
Long-Term Debt Repaid	-640.71	-956.42	-262.62	-384.47	-145.42
Net Debt Issued (Repaid)	-177.15	-236.42	54.34	120.17	550.29
Common Dividends Paid	-	-	-	-110.56	-75.12
Financing Cash Flow	-177.15	-236.42	54.34	9.62	475.17
Foreign Exchange Rate Adjustments	-0.08	-0.02	-0.15	-0.22	-16.11
Net Cash Flow	125.68	-144.62	181.65	-76.91	15.69
Free Cash Flow	385.97	153.99	126.79	-97.98	-438.95
Free Cash Flow Growth	150.65%	21.45%	-	-	-
Free Cash Flow Margin	26.70%	12.14%	11.70%	-10.79%	-49.79%
Free Cash Flow Per Share	0.32	0.13	0.11	-0.08	-0.37
Cash Interest Paid	59.87	112.65	93.26	109.28	95.37
Cash Income Tax Paid	30.93	30.99	3.86	16.68	5.06
Levered Free Cash Flow	232.67	-59.08	139.7	-198.66	-437.16
Unlevered Free Cash Flow	276.7	-2.46	201.31	-133.35	-397.45
Change in Working Capital	57.2	47.62	106.17	85.62	456.39

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