HKG:1940 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	152.86	130.05	128.08	112.74	-26.82	-27.7
Depreciation & Amortization	114.48	121.68	132.32	126.1	116.38	102.28
Other Amortization	-	-	-	0.27	0.61	0.61
Loss (Gain) From Sale of Assets	-9.85	-9.85	-	-	0.36	1.16
Asset Writedown & Restructuring Costs	37.89	37.89	19.31	7.54	-	15.63
Provision & Write-off of Bad Debts	3.08	3.08	15.36	8.14	-	-
Other Operating Activities	48.84	6.42	-7.02	-10.83	9.51	-25.69
Change in Accounts Receivable	7.47	7.47	-128.22	-147.96	-149.28	-0.12
Change in Inventory	0.73	0.73	1.93	-1.49	0.04	0.93
Change in Accounts Payable	-103.27	-103.27	-55.46	83.51	-44.66	-39.92
Change in Unearned Revenue	9.4	9.4	-2.63	-0.49	3.03	-0.78
Change in Other Net Operating Assets	-11.11	-11.11	-51.41	24.96	72.78	50.85
Operating Cash Flow	234.64	176.61	1.41	197.11	71.75	199.75
Operating Cash Flow Growth	160.38%	12447.53%	-99.29%	174.70%	-64.08%	-2.97%
Capital Expenditures	-120.77	-152.35	-69.38	-114.56	-71.28	-203.59
Sale of Property, Plant & Equipment	34.45	34.45	-	-	0.14	0.07
Investing Cash Flow	-86.32	-117.9	-69.38	-114.56	-137.54	-321.52
Long-Term Debt Issued	-	210	360	480.83	383.18	470.5
Long-Term Debt Repaid	-	-287.97	-400.01	-510.71	-376.74	-244.12
Net Debt Issued (Repaid)	-132.83	-77.97	-40.01	-29.87	6.44	226.37
Issuance of Common Stock	-	-	-	-	-	298.09
Common Dividends Paid	-	-	-50	-	-148.77	-33.2
Financing Cash Flow	-132.83	-77.97	-90.01	-29.87	-142.33	491.27
Foreign Exchange Rate Adjustments	0.57	0.53	-0.14	10.52	-6.16	2.54
Net Cash Flow	16.07	-18.73	-158.12	63.19	-214.28	372.04
Free Cash Flow	113.87	24.26	-67.97	82.54	0.47	-3.83
Free Cash Flow Growth	-	-	-	17470.74%	-	-
Free Cash Flow Margin	8.28%	1.85%	-4.56%	5.57%	0.04%	-0.32%
Free Cash Flow Per Share	0.10	0.02	-0.06	0.07	-	-0.00
Cash Interest Paid	16.53	21.7	29.13	30	31.63	23.64
Cash Income Tax Paid	14.33	19.65	23.75	36.29	27.53	56.46
Levered Free Cash Flow	89.84	-0.4	-31.49	111.45	-120.98	296.26
Unlevered Free Cash Flow	102.05	12.44	-15.46	128.61	-102.33	311.22
Change in Working Capital	-112.65	-112.65	-286.65	-46.84	-94.7	15.45

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