HKG:2152 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	66.8	65.32	74.43	64.11	55.47
Depreciation & Amortization	28.02	27.36	27.45	20.22	13.05
Loss (Gain) From Sale of Assets	-1.9	0.6	0.04	0.94	0.03
Asset Writedown & Restructuring Costs	1.02	12.29	20.29	-3.05	-4.56
Loss (Gain) From Sale of Investments	-	-	-1.29	-	-
Loss (Gain) on Equity Investments	0.7	-0.32	-1.06	2.01	3.01
Provision & Write-off of Bad Debts	9.05	5.5	-	-	-
Other Operating Activities	3.88	0.38	18.25	10.63	-0.03
Change in Accounts Receivable	-173.77	-148.73	-118.56	-75.13	-4.86
Change in Inventory	0.01	0.03	-0.01	0.07	-0.02
Change in Accounts Payable	121.71	87.28	127.32	11.4	-1.04
Change in Unearned Revenue	1.65	10.06	13.9	-35.19	33.12
Change in Other Net Operating Assets	11.62	-18.16	-25.95	10.99	-23.89
Operating Cash Flow	68.77	41.61	134.82	6.98	70.27
Operating Cash Flow Growth	65.28%	-69.14%	1831.18%	-90.06%	-20.92%
Capital Expenditures	-19.91	-35.97	-48.46	-57.02	-60.79
Sale of Property, Plant & Equipment	3.06	0.03	0.27	0.08	0.04
Cash Acquisitions	-21.51	-	-	-	-
Sale (Purchase) of Intangibles	-0.59	-3.5	-0.57	-0.52	-0.22
Sale (Purchase) of Real Estate	4.23	-49.57	-	-	-
Investment in Securities	32.96	40.69	-21.97	-1.94	-4.9
Other Investing Activities	6.9	8.71	6.75	2.81	1.49
Investing Cash Flow	5.15	-39.61	-63.97	-56.59	-64.39
Short-Term Debt Issued	1.42	-	8.5	12.21	41.5
Long-Term Debt Issued	105.78	-	119.06	-	-
Total Debt Issued	107.2	-	127.56	12.21	41.5
Short-Term Debt Repaid	-	-	-16.01	-57	-
Long-Term Debt Repaid	-109.19	-10.12	-122.59	-21.25	-6.48
Total Debt Repaid	-109.19	-10.12	-138.6	-78.25	-6.48
Net Debt Issued (Repaid)	-1.99	-10.12	-11.04	-66.04	35.02
Issuance of Common Stock	-	-	-	194.97	-
Common Dividends Paid	-27.92	-23.13	-4.63	-	-
Other Financing Activities	-9.32	-11	-16.69	-36.26	-26.47
Financing Cash Flow	-39.22	-44.26	-32.35	92.68	8.56
Foreign Exchange Rate Adjustments	-2.23	3.09	2.91	4.99	-
Net Cash Flow	32.46	-39.18	41.41	48.06	14.43
Free Cash Flow	48.86	5.64	86.36	-50.04	9.48
Free Cash Flow Growth	767.10%	-93.47%	-	-	-32.91%
Free Cash Flow Margin	5.02%	0.61%	11.91%	-9.37%	2.05%
Free Cash Flow Per Share	0.48	0.06	0.85	-0.59	0.13
Cash Interest Paid	9.81	10.99	12.11	13.84	13.42
Cash Income Tax Paid	27.42	28.23	21.04	22.31	23.5
Levered Free Cash Flow	28.67	-32.58	-4.1	-44.38	-26.98
Unlevered Free Cash Flow	36.99	-23.68	5.39	-36.89	-24.56
Change in Working Capital	-38.8	-69.53	-3.3	-87.87	3.31