Kangqiao Service Group Limited (HKG:2205)

Kangqiao Service Group Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	48.41	38.48	54.12	83.89
Depreciation & Amortization	10.64	9.99	9.74	6.12
Other Amortization	1.27	0.67	0.59	0.64
Loss (Gain) From Sale of Assets	-	0.02	0.04	-0.01
Loss (Gain) From Sale of Investments	-0.29	-0.65	-1	-0.38
Loss (Gain) on Equity Investments	-0.34	-1.4	-1.02	-0.24
Provision & Write-off of Bad Debts	74.44	88.65	47.74	6.54
Other Operating Activities	0.83	-0.07	-4.19	-10.71
Change in Accounts Receivable	-348.5	-207.17	-226.74	-58.81
Change in Inventory	-4.93	-12.9	0.06	-1.08
Change in Accounts Payable	232.73	35.37	32.39	6.4
Change in Unearned Revenue	13.41	40.29	-36.75	32.56
Change in Other Net Operating Assets	-216.42	5.03	-13.04	-0.96
Operating Cash Flow	-188.75	-3.69	-138.06	63.96
Operating Cash Flow Growth	-	-	-	14.84%
Capital Expenditures	-19.4	-6.82	-7.45	-3.47
Sale of Property, Plant & Equipment	0	0.26	0.1	0.02
Cash Acquisitions	-	-	-	-72.92
Sale (Purchase) of Intangibles	-	-	-4.1	-
Investment in Securities	-1.1	43.9	-21.08	-21.13
Other Investing Activities	0.34	0.35	0.24	357.56
Investing Cash Flow	-20.16	37.68	-32.3	267.26
Short-Term Debt Issued	3	-	2.51	3.44
Total Debt Issued	3	-	2.51	3.44
Short-Term Debt Repaid	-	-1.5	-2.27	-
Long-Term Debt Repaid	-3.54	-2.71	-2.27	-351.78
Total Debt Repaid	-3.54	-4.22	-4.54	-351.78
Net Debt Issued (Repaid)	-0.54	-4.22	-2.03	-348.35
Issuance of Common Stock	-	-	-	545.65
Common Dividends Paid	-12.7	-21.83	-21	-100
Other Financing Activities	-0.65	2.05	-2.29	-17.52
Financing Cash Flow	-13.9	-24	-25.32	79.78
Foreign Exchange Rate Adjustments	-0.31	-0.22	0.75	-4.92
Net Cash Flow	-223.12	9.77	-194.92	406.08
Free Cash Flow	-208.15	-10.51	-145.52	60.49
Free Cash Flow Growth	-	-	-	13.67%
Free Cash Flow Margin	-21.66%	-1.13%	-18.35%	7.72%
Free Cash Flow Per Share	-0.30	-0.01	-0.21	0.10
Cash Interest Paid	0.85	0.08	0.18	6.17
Cash Income Tax Paid	44.27	36.39	43.39	53.07
Levered Free Cash Flow	-161.28	46.49	-126.14	405.49
Unlevered Free Cash Flow	-161.28	47.28	-125.47	410.73
Change in Working Capital	-323.71	-139.38	-244.08	-21.88

Source: S&P Global Market Intelligence. Standard template. Financial Sources.