HKG:1851 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	146.86	153.21	148.03	85.01	38.68	16.93
Depreciation & Amortization	50.43	45.88	44.31	38.03	34.45	28.32
Other Amortization	0.69	0.61	0.5	0.45	0.42	0.42
Loss (Gain) From Sale of Assets	0.01	0.01	0.07	0.08	0.1	-0.42
Other Operating Activities	2.69	3.19	14.08	24.08	10.99	8.83
Change in Accounts Receivable	-0.19	-0.19	11.54	-12.93	-0.09	1.3
Change in Inventory	0.09	0.09	-0.14	-0.75	0.03	-0.38
Change in Unearned Revenue	3.67	3.67	21.64	46.65	27.98	17.23
Change in Other Net Operating Assets	-0.76	-0.76	-2.66	31.38	6.81	6.33
Operating Cash Flow	203.48	205.69	237.36	212	119.35	78.56
Operating Cash Flow Growth	-9.52%	-13.34%	11.96%	77.62%	51.92%	70.60%
Capital Expenditures	-97.1	-106.67	-139.69	-153.17	-80.26	-120.67
Sale of Property, Plant & Equipment	0	0.01	0.01	0	-	0.01
Sale (Purchase) of Intangibles	-0.96	-1.52	-1.31	-0.2	-1.39	-0.29
Investment in Securities	-7.19	-	-	-	-	-
Other Investing Activities	-	-	-	-	5	25
Investing Cash Flow	-105.25	-108.18	-140.99	-153.37	-76.66	-95.95
Long-Term Debt Issued	-	40	374.79	106.75	48.63	79
Total Debt Issued	13	40	374.79	106.75	48.63	79
Long-Term Debt Repaid	-	-70.53	-436.13	-95.15	-59.61	-104.97
Total Debt Repaid	-110.44	-70.53	-436.13	-95.15	-59.61	-104.97
Net Debt Issued (Repaid)	-97.44	-30.53	-61.34	11.6	-10.98	-25.97
Other Financing Activities	-9.97	-11.24	-20.41	-31.27	-26.77	-28.06
Financing Cash Flow	-107.42	-41.77	-81.75	-19.67	-37.75	-54.03
Foreign Exchange Rate Adjustments	0.12	0.27	1.25	4.59	-1.17	-3.57
Net Cash Flow	-9.08	56.01	15.86	43.55	3.78	-74.99
Free Cash Flow	106.37	99.02	97.67	58.82	39.09	-42.11
Free Cash Flow Growth	44.72%	1.39%	66.04%	50.49%	-	-
Free Cash Flow Margin	28.07%	26.57%	27.52%	20.55%	17.24%	-23.80%
Free Cash Flow Per Share	0.21	0.20	0.20	0.12	0.08	-0.08
Cash Interest Paid	9.97	11.24	20.41	31.27	26.77	28.06
Cash Income Tax Paid	0.47	0.64	0.8	0.5	0.5	0.61
Levered Free Cash Flow	26.9	44.75	-24.76	35.67	-20.9	-51.8
Unlevered Free Cash Flow	28.57	46.93	-15	53.87	-14.9	-48.52
Change in Working Capital	2.8	2.8	30.37	64.36	34.72	24.48

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