Tian Chang Group Holdings Cash Flow Statement

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

Millions HKD. 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	-13.67	23.46	105.95	96.26
Depreciation & Amortization	50.9	50.71	49.63	51.02
Loss (Gain) From Sale of Assets	0.12	0.03	0.42	0.24
Asset Writedown & Restructuring Costs	0.02	0.19	0.57	8.33
Loss (Gain) From Sale of Investments	-0.86	-0.95	-0.91	-0.87
Stock-Based Compensation	-	-	-	0.5
Provision & Write-off of Bad Debts	1.85	-0.57	-0.22	0.35
Other Operating Activities	3.14	1.93	-1.98	1.36
Change in Accounts Receivable	-25.55	121.18	-11.97	-57.68
Change in Inventory	1.38	42.93	23.92	-75.68
Change in Accounts Payable	18.27	-142.64	-15.62	78.12
Change in Other Net Operating Assets	-	-	-	-7.67
Operating Cash Flow	35.61	96.26	149.81	94.28
Operating Cash Flow Growth	-63.01%	-35.74%	58.90%	11.86%
Capital Expenditures	-4.46	-5.22	-4.96	-62.49
Sale of Property, Plant & Equipment	0.1	0.03	0.11	0.59
Cash Acquisitions	-	0.07	-	-
Investment in Securities	7.16	-	-	-
Other Investing Activities	3.04	3.18	1.14	5.37
Investing Cash Flow	5.84	-0.32	-1.29	-54.1
Long-Term Debt Issued	27.89	48.68	248.48	302
Long-Term Debt Repaid	-62.26	-123.83	-368.26	-330.6
Net Debt Issued (Repaid)	-34.37	-75.15	-119.78	-28.6
Common Dividends Paid	-9.3	-12.4	-12.4	-9.3
Other Financing Activities	-2.7	-5.23	-6.65	-7.25
Financing Cash Flow	-46.37	-92.79	-138.83	-45.15
Foreign Exchange Rate Adjustments	1.79	1.06	4.02	2.68
Net Cash Flow	-3.14	4.22	13.7	-2.3
Free Cash Flow	31.15	91.05	144.85	31.79
Free Cash Flow Growth	-65.79%	-37.14%	355.67%	-
Free Cash Flow Margin	5.77%	13.05%	12.66%	2.84%
Free Cash Flow Per Share	0.05	0.14	0.23	0.05
Cash Interest Paid	2.7	5.23	6.65	7.25
Cash Income Tax Paid	-2.21	5.77	18.83	28.45
Levered Free Cash Flow	40.92	80.64	138.64	-6.53
Unlevered Free Cash Flow	42.67	84.03	143.15	-1.74
Change in Working Capital	-5.91	21.47	-3.67	-62.92

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