Honworld Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-520.64	-516.56	-524.32	-486.34	-318.45	-845.29
Depreciation & Amortization	29.45	30.07	28.48	28.69	28.68	28.19
Other Amortization	0.22	0.22	0.22	2.29	0.11	1.78
Loss (Gain) From Sale of Assets	0.34	0.39	0.31	0.5	2.35	-
Asset Writedown & Restructuring Costs	0.79	0.79	0.41	-	2.79	2.46
Provision & Write-off of Bad Debts	2.27	0.22	-0.58	-0.21	1.72	3.65
Other Operating Activities	455.87	432.61	418.02	227.27	134.99	105.41
Change in Accounts Receivable	-8.01	-4.66	0.29	-1.14	-0.44	4.38
Change in Inventory	40.1	55.3	3.88	-14.85	24.81	380.8
Change in Accounts Payable	4.38	0.77	7.25	11.87	-4.59	-24.27
Change in Other Net Operating Assets	-4.37	0.04	-36.17	5.12	30.23	146.1
Operating Cash Flow	0.4	-0.83	-102.22	-226.8	-97.81	-196.79
Operating Cash Flow Growth	-97.59%	-	-	-	-	-
Capital Expenditures	-22.65	-20.14	-20	-16.9	-18.16	-1.51
Sale of Property, Plant & Equipment	0.31	0.08	-	-	-	-
Sale (Purchase) of Intangibles	-0.02	-	-	-	-0.37	-0.88
Other Investing Activities	-0.56	-0.06	-2.46	-2.12	6.11	83.72
Investing Cash Flow	-22.92	-20.13	-22.46	-19.02	-12.42	81.33
Short-Term Debt Issued	-	-	0.55	-	6.46	22.75
Long-Term Debt Issued	-	156.01	219	311.39	1,879	706.11
Total Debt Issued	111	156.01	219.55	311.39	1,885	728.86
Short-Term Debt Repaid	-	-0.54	-0	-4.73	-0.17	-7.74
Long-Term Debt Repaid	-	-132.02	-91.2	-65.39	-1,648	-686.39
Total Debt Repaid	-102.89	-132.56	-91.2	-70.12	-1,648	-694.13
Net Debt Issued (Repaid)	8.12	23.45	128.35	241.27	236.7	34.74
Common Dividends Paid	-	-	-	-	-	-39.36
Other Financing Activities	7.91	-4.83	-2.3	-12.72	-104.95	-48.69
Financing Cash Flow	16.03	18.62	126.05	228.54	131.75	-53.31
Foreign Exchange Rate Adjustments	2.39	-1.44	-1.06	-3.93	1.05	5.1
Net Cash Flow	-4.09	-3.78	0.32	-21.21	22.57	-163.66
Free Cash Flow	-22.25	-20.97	-122.22	-243.7	-115.96	-198.29
Free Cash Flow Margin	-8.08%	-7.63%	-47.23%	-89.73%	-45.90%	-87.61%
Free Cash Flow Per Share	-0.04	-0.04	-0.21	-0.42	-0.20	-0.34
Cash Interest Paid	4.63	4.83	2.3	12.72	104.95	48.69
Cash Income Tax Paid	-	-	0.61	-	9.61	0.54
Levered Free Cash Flow	-269.87	-309.01	-281.1	-197.99	-69.68	502.59
Unlevered Free Cash Flow	16.61	-26.57	-18	41.55	45.42	576.6
Change in Working Capital	32.11	51.45	-24.75	1	50.01	507.01

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