HKG:1906 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	-56.79	-16.73	-45.27	-70.94	-6.55
Depreciation & Amortization	14.68	15.3	16.13	17.7	15.74
Other Amortization	0.17	0.14	0.18	0.19	0.34
Loss (Gain) From Sale of Assets	0.31	0.83	0.03	0.05	-27.25
Asset Writedown & Restructuring Costs	51.8	16.43	7.52	6.3	0.12
Provision & Write-off of Bad Debts	0.11	0.97	1.25	1.03	-3.89
Other Operating Activities	5.67	4.54	12.49	3.17	3.45
Change in Accounts Receivable	4.33	-12.7	-1.8	32.54	9.61
Change in Inventory	29.93	-5.3	24.86	41.07	13.9
Change in Accounts Payable	-7.15	1.58	4.36	-11.81	3.2
Change in Other Net Operating Assets	-11.93	0.16	-10.19	9.57	18.58
Operating Cash Flow	31.13	5.21	9.56	28.89	27.27
Operating Cash Flow Growth	497.12%	-45.45%	-66.91%	5.93%	-48.57%
Capital Expenditures	-57.08	-61.79	-16.29	-36.2	-79.9
Sale of Property, Plant & Equipment	0.34	4.16	1.16	0.04	0.06
Sale (Purchase) of Intangibles	-0.94	-	-	-0.2	-0.03
Investment in Securities	-	-	-0.15	-	-
Other Investing Activities	-	-	5.17	-	8
Investing Cash Flow	-57.68	-57.63	-10.1	-36.37	-71.88
Short-Term Debt Issued	51.62	63.8	54.9	12	9.2
Long-Term Debt Issued	174.6	286.74	-	64	215.2
Total Debt Issued	226.22	350.54	54.9	76	224.4
Short-Term Debt Repaid	-56.42	-85.87	-39.23	-0.8	-9.2
Long-Term Debt Repaid	-121.56	-260.36	-10.99	-65.59	-204.69
Total Debt Repaid	-177.98	-346.23	-50.22	-66.39	-213.89
Net Debt Issued (Repaid)	48.24	4.31	4.68	9.61	10.51
Issuance of Common Stock	-	60.6	-	-	-
Other Financing Activities	-8.9	-8.49	-6.97	-4.5	-5.45
Financing Cash Flow	39.34	56.42	-2.29	5.11	5.06
Foreign Exchange Rate Adjustments	-0.04	0.01	0.03	0.12	-0.01
Net Cash Flow	12.76	4.02	-2.81	-2.25	-39.56
Free Cash Flow	-25.95	-56.57	-6.73	-7.32	-52.63
Free Cash Flow Margin	-11.19%	-21.21%	-3.79%	-4.55%	-21.16%
Free Cash Flow Per Share	-0.02	-0.04	-0.01	-0.01	-0.04
Cash Interest Paid	8.9	7.04	6.97	4.5	5.45
Cash Income Tax Paid	0.02	0.09	0.09	0.76	0.19
Levered Free Cash Flow	-53.66	-72.82	-25.88	23.28	-66.24
Unlevered Free Cash Flow	-49.45	-68.44	-22.14	26.15	-63.05
Change in Working Capital	15.19	-16.26	17.23	71.37	45.3

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