Cathay Group Holdings 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	92.06	-196.27	96.47	57.53
Depreciation & Amortization	88.21	77.43	56.83	40.93
Other Amortization	0.5	63.33	0.47	0.55
Loss (Gain) From Sale of Assets	0.02	1.54	-	-0.03
Asset Writedown & Restructuring Costs	-	-	-	63.98
Loss (Gain) From Sale of Investments	-0.66	-1.54	-4.22	-37.53
Stock-Based Compensation	1.53	1.2	-	-
Provision & Write-off of Bad Debts	80.13	241.12	140.64	26.01
Other Operating Activities	108.33	120.86	74.05	58.74
Change in Accounts Receivable	-24.58	-68.89	31.02	-181.16
Change in Inventory	-0.69	55.15	25	-52.23
Change in Accounts Payable	14.03	4.16	-44.64	-135.16
Change in Unearned Revenue	8.53	75.8	12.69	89.27
Operating Cash Flow	367.43	373.9	339.84	-23.41
Operating Cash Flow Growth	-1.73%	10.02%	-	-
Capital Expenditures	-107.37	-254.16	-75.44	-355.54
Sale of Property, Plant & Equipment	0.04	-	-	0.08
Cash Acquisitions	-	-	-	-155.62
Sale (Purchase) of Intangibles	-0.24	-44.74	-0.32	-1.92
Investment in Securities	150.74	-280.72	124.45	222.25
Other Investing Activities	33.61	76.43	64.88	1.24
Investing Cash Flow	76.79	-503.19	113.57	-709.5
Long-Term Debt Repaid	-5.16	-5.68	-3.55	-38.41
Net Debt Issued (Repaid)	-5.16	-5.68	-3.55	-38.41
Repurchase of Common Stock	-	-	-25.89	-34.78
Common Dividends Paid	-	-45.55	-132.33	-193.95
Other Financing Activities	-	-	-0.05	-0.29
Financing Cash Flow	-95.5	-51.23	-204.1	-267.43
Foreign Exchange Rate Adjustments	-	1.7	1.19	4.04
Miscellaneous Cash Flow Adjustments	-	-	-42	-
Net Cash Flow	348.73	-178.83	208.5	-996.3
Free Cash Flow	260.06	119.74	264.4	-378.94
Free Cash Flow Growth	117.19%	-54.71%	-	-
Free Cash Flow Margin	33.24%	15.78%	40.26%	-65.55%
Free Cash Flow Per Share	0.16	0.07	0.16	-0.23
Cash Income Tax Paid	0.56	0.5	26.65	42.83
Levered Free Cash Flow	211.79	305.17	401.46	-996.9
Unlevered Free Cash Flow	212.39	306	401.82	-996.9
Change in Working Capital	-2.71	66.22	24.06	-279.28

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