HKG:1837 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	187.86	152.38	116.46	86.53
Depreciation & Amortization	35.93	38.79	32.21	30.81
Other Amortization	0.05	0.12	0.21	0.26
Loss (Gain) From Sale of Assets	1.77	0.06	0.01	3.06
Asset Writedown & Restructuring Costs	-0.36	-	-	-
Loss (Gain) From Sale of Investments	-4.95	-4.81	-4.12	-3.49
Stock-Based Compensation	3.05	3.87	4.59	2.59
Provision & Write-off of Bad Debts	0.02	6.07	5.96	-3.5
Other Operating Activities	6.68	37.17	10.66	14.27
Change in Accounts Receivable	-6.7	-32.3	-20.95	-11.16
Change in Inventory	-1.11	-11.61	-0.52	10.67
Change in Accounts Payable	16.69	12.46	25.16	7.11
Change in Unearned Revenue	2.8	2.38	-3.83	3.2
Change in Other Net Operating Assets	29.73	-18.68	2.67	-9.54
Operating Cash Flow	271.45	185.88	168.52	130.82
Operating Cash Flow Growth	46.04%	10.30%	28.82%	50.48%
Capital Expenditures	-24.63	-29.58	-22.57	-31.17
Sale of Property, Plant & Equipment	0.04	5.14	0.07	1.25
Sale (Purchase) of Intangibles	-	-	-0.23	-
Investment in Securities	-176.78	-96.69	4.12	27.86
Investing Cash Flow	-201.38	-121.13	-18.61	-2.07
Long-Term Debt Repaid	-5.43	-6.68	-6.61	-5.73
Total Debt Repaid	-5.43	-6.68	-6.61	-5.73
Net Debt Issued (Repaid)	-5.43	-6.68	-6.61	-5.73
Repurchase of Common Stock	-	-	-17.8	-
Common Dividends Paid	-70.52	-	-	-35.02
Other Financing Activities	-0.38	-0.41	-0.65	-0.82
Financing Cash Flow	-76.33	-7.09	-25.06	-41.56
Foreign Exchange Rate Adjustments	0.98	1.48	10.47	-5.34
Net Cash Flow	-5.27	59.14	135.32	81.84
Free Cash Flow	246.82	156.3	145.96	99.65
Free Cash Flow Growth	57.91%	7.09%	46.48%	134.40%
Free Cash Flow Margin	11.98%	8.47%	8.49%	6.19%
Free Cash Flow Per Share	0.11	0.07	0.07	0.05
Cash Interest Paid	0.38	0.41	0.65	0.82
Cash Income Tax Paid	25.41	6.9	10.77	10.09
Levered Free Cash Flow	175.8	93.85	95.77	83.64
Unlevered Free Cash Flow	176.03	94.11	96.17	84.15
Change in Working Capital	41.4	-47.76	2.54	0.29

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