C&D Property Management Group Co. Limited (HKG:2156)

HKG:2156 Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	358.91	323.48	467.35	247.21	159.37
Depreciation & Amortization	36.26	28.35	25.94	21.04	14.56
Other Amortization	2.1	1.28	0.77	0.08	-
Loss (Gain) From Sale of Assets	-	-	-	-0.08	-
Asset Writedown & Restructuring Costs	0.56	1.1	1.1	0.41	0.26
Loss (Gain) on Equity Investments	-0.59	-1.71	0.06	0.53	-0.4
Stock-Based Compensation	19.29	18.04	12.55	15.04	2.61
Provision & Write-off of Bad Debts	11.96	6.38	3.23	4.59	0.47
Other Operating Activities	-53.43	-147.75	96.12	-46.64	-18.7
Change in Accounts Receivable	-149.18	-127.32	-186.89	-154.11	-62.41
Change in Inventory	-2.72	-18.76	-5.39	-27.33	-10.12
Change in Accounts Payable	164.83	121.19	297.31	231.58	216.6
Change in Unearned Revenue	207.36	66.18	-543.66	200.48	599.96
Change in Other Net Operating Assets	3.59	-5.29	17.03	2.96	-15.67
Operating Cash Flow	598.94	265.15	185.53	495.75	886.53
Operating Cash Flow Growth	125.88%	42.92%	-62.58%	-44.08%	209.23%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-14.19	-13.83	-28.1	-13.66	-10.43
Cash Acquisitions	-	-	-	-25.5	-13.63
Sale (Purchase) of Intangibles	-4.57	-3.76	-2.2	-3.48	-0.12
Investment in Securities	-	-	-	-	-1.47
Other Investing Activities	112.29	84.56	51.06	48.55	22.14
Investing Cash Flow	93.53	66.97	20.76	5.91	-3.5

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	23.24	11.58	1.56	-	-
Long-Term Debt Issued	-	-	10	10	-
Total Debt Issued	23.24	11.58	11.56	10	-
Short-Term Debt Repaid	-11.19	-5.02	-0.13	-1.65	-3.56
Long-Term Debt Repaid	-9.94	-18.73	-8.74	-8.26	-5.46
Total Debt Repaid	-21.13	-23.75	-8.86	-9.91	-9.02
Net Debt Issued (Repaid)	2.11	-12.17	2.7	0.09	-9.02
Issuance of Common Stock	34.35	19.19	168.03	4.12	501.83
Common Dividends Paid	-194.05	-333.37	-123.71	-68.57	-
Other Financing Activities	-15.27	-63.34	-4.04	4.37	-0.56
Financing Cash Flow	-172.87	-389.69	42.99	-59.99	492.26

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	519.6	-57.56	249.28	441.67	1,375

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	584.75	251.33	157.43	482.09	876.1
Free Cash Flow Growth	132.66%	59.64%	-67.34%	-44.97%	214.22%
Free Cash Flow Margin	15.07%	7.63%	4.41%	21.05%	56.28%
Free Cash Flow Per Share	0.42	0.18	0.12	0.36	0.74
Levered Free Cash Flow	564.3	212.08	104.61	409.64	929.76
Unlevered Free Cash Flow	566.25	213.21	106.24	410.04	930.13

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	3.13	1.81	2.62	0.65	0.6
Cash Income Tax Paid	110.27	169.47	89.01	53.07	42.87
Change in Working Capital	223.89	35.99	-421.6	253.57	728.36

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

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:

Jul 28, 2026

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