Tsit Wing International Holdings Limited (HKG:2119)

HKG:2119 Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	41.57	42.73	59.09	48.71	47.42	80.24
Depreciation & Amortization	37.39	37.03	37.88	39.29	40.79	39.24
Loss (Gain) From Sale of Assets	0.21	0.15	-11.62	0.7	0.07	-0.08
Provision & Write-off of Bad Debts	-0.08	-0.16	1.05	1.77	2.42	1.1
Other Operating Activities	-3.64	-0.91	-2.39	4.72	-7.28	4.22
Change in Accounts Receivable	3.21	-12.6	12.79	-7.83	9.2	-13.29
Change in Inventory	20.47	-30.99	-35.39	61.77	-39.64	-47.95
Change in Accounts Payable	-17.51	17.4	14.61	-13.89	-8.26	37.26
Change in Other Net Operating Assets	14.8	-8.28	1.12	8.11	-2.93	-3.15
Operating Cash Flow	96.41	44.36	77.13	143.35	41.8	97.59
Operating Cash Flow Growth	331.10%	-42.49%	-46.19%	242.98%	-57.17%	-8.02%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-26.56	-24.57	-28.09	-37.78	-76.33	-31.21
Sale of Property, Plant & Equipment	0.05	0.02	17.22	1.01	0.7	0.2
Other Investing Activities	2.1	1.93	3.75	4.73	2.76	0.98
Investing Cash Flow	-24.41	-22.62	-7.12	-32.04	-72.87	-30.04

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	18.73	16.81	32.32	38.8	14.38
Total Debt Issued	7.2	18.73	16.81	32.32	38.8	14.38
Short-Term Debt Repaid	-	-15.54	-19.93	-35.81	-31.35	-23.3
Long-Term Debt Repaid	-	-11.91	-11.58	-12.44	-13.32	-12.86
Lease Payments	-11.91	-11.91	-11.58	-12.44	-13.32	-12.86
Total Debt Repaid	-23.42	-27.45	-31.51	-48.24	-44.67	-36.16
Net Debt Issued (Repaid)	-16.22	-8.72	-14.7	-15.93	-5.88	-21.78
Issuance of Common Stock	-	-	-	-	-	0.17
Common Dividends Paid	-23.5	-29.26	-35.89	-29.05	-37.91	-51.82
Other Financing Activities	-1.28	-1.56	-1.78	-1.04	-0.89	-0.86
Financing Cash Flow	-40.99	-39.54	-152.33	-46.01	-44.68	-74.3

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	1.54	0.63	-0.99	-1.33	-6.57	2.05
Net Cash Flow	32.55	-17.17	-83.31	63.96	-82.33	-4.69

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	69.85	19.79	49.04	105.57	-34.53	66.38
Free Cash Flow Growth	-	-59.66%	-53.54%	-	-	-15.05%
Free Cash Flow Margin	8.65%	2.51%	6.80%	14.48%	-4.96%	8.66%
Free Cash Flow Per Share	0.10	0.03	0.07	0.15	-0.05	0.09
Levered Free Cash Flow	59.08	-0.87	45.04	89.87	-42.39	43.97
Unlevered Free Cash Flow	59.88	0.11	46.15	90.52	-41.83	44.51
Free Cash Flow After Leases	57.94	7.88	37.46	93.13	-47.86	53.52

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	1.28	1.56	1.78	1.04	0.89	0.86
Cash Income Tax Paid	9.35	8.86	16.12	2.55	16.29	17.79
Change in Working Capital	20.97	-34.48	-6.88	48.15	-41.63	-27.13

Data Source: S&P Global Market Intelligence Last updated: Sep 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 20, 2026

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