HKG:1837 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	265.69	187.86	152.38	116.46	86.53
Depreciation & Amortization	36.1	35.93	38.79	32.21	30.81
Other Amortization	0.05	0.05	0.12	0.21	0.26
Loss (Gain) From Sale of Assets	-0.15	1.77	0.06	0.01	3.06
Asset Writedown & Restructuring Costs	-0.42	-0.36	-	-	-
Loss (Gain) From Sale of Investments	-4.68	-4.95	-4.81	-4.12	-3.49
Stock-Based Compensation	1.79	3.05	3.87	4.59	2.59
Provision & Write-off of Bad Debts	1.82	0.02	6.07	5.96	-3.5
Other Operating Activities	9.78	6.68	37.17	10.66	14.27
Change in Accounts Receivable	-50.29	-6.7	-32.3	-20.95	-11.16
Change in Inventory	-66.23	-1.11	-11.61	-0.52	10.67
Change in Accounts Payable	21.06	16.69	12.46	25.16	7.11
Change in Unearned Revenue	12.06	2.8	2.38	-3.83	3.2
Change in Other Net Operating Assets	9.42	29.73	-18.68	2.67	-9.54
Operating Cash Flow	235.99	271.45	185.88	168.52	130.82
Operating Cash Flow Growth	-13.06%	46.04%	10.30%	28.82%	50.48%
Capital Expenditures	-34.19	-24.63	-29.58	-22.57	-31.17
Sale of Property, Plant & Equipment	0.34	0.04	5.14	0.07	1.25
Sale (Purchase) of Intangibles	-	-	-	-0.23	-
Investment in Securities	82.36	-176.78	-96.69	4.12	27.86
Investing Cash Flow	48.51	-201.38	-121.13	-18.61	-2.07
Long-Term Debt Repaid	-5.61	-5.43	-6.68	-6.61	-5.73
Total Debt Repaid	-5.61	-5.43	-6.68	-6.61	-5.73
Net Debt Issued (Repaid)	-5.61	-5.43	-6.68	-6.61	-5.73
Repurchase of Common Stock	-22	-	-	-17.8	-
Common Dividends Paid	-79.86	-70.52	-	-	-35.02
Other Financing Activities	4.63	-0.38	-0.41	-0.65	-0.82
Financing Cash Flow	-102.84	-76.33	-7.09	-25.06	-41.56
Foreign Exchange Rate Adjustments	-5.6	0.98	1.48	10.47	-5.34
Net Cash Flow	176.06	-5.27	59.14	135.32	81.84
Free Cash Flow	201.8	246.82	156.3	145.96	99.65
Free Cash Flow Growth	-18.24%	57.91%	7.09%	46.48%	134.40%
Free Cash Flow Margin	7.99%	11.98%	8.47%	8.49%	6.19%
Free Cash Flow Per Share	0.09	0.11	0.07	0.07	0.05
Cash Interest Paid	0.36	0.38	0.41	0.65	0.82
Cash Income Tax Paid	43.46	25.41	6.9	10.77	10.09
Levered Free Cash Flow	124.34	175.8	93.85	95.77	83.64
Unlevered Free Cash Flow	124.56	176.03	94.11	96.17	84.15
Change in Working Capital	-73.98	41.4	-47.76	2.54	0.29

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