Honworld Group 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	-513.94	-516.56	-524.32	-486.34	-318.45
Depreciation & Amortization	28.33	30.07	28.48	28.69	28.68
Other Amortization	0.29	0.22	0.22	2.29	0.11
Loss (Gain) From Sale of Assets	-0.19	0.39	0.31	0.5	2.35
Asset Writedown & Restructuring Costs	0.56	0.79	0.41	-	2.79
Provision & Write-off of Bad Debts	0.53	0.22	-0.58	-0.21	1.72
Other Operating Activities	446.15	432.61	418.02	227.27	134.99
Change in Accounts Receivable	-3.98	-4.66	0.29	-1.14	-0.44
Change in Inventory	12.76	55.3	3.88	-14.85	24.81
Change in Accounts Payable	4.38	0.77	7.25	11.87	-4.59
Change in Other Net Operating Assets	-1.6	0.04	-36.17	5.12	30.23
Operating Cash Flow	-26.71	-0.83	-102.22	-226.8	-97.81
Capital Expenditures	-12.66	-20.14	-20	-16.9	-18.16
Sale of Property, Plant & Equipment	1.11	0.08	-	-	-
Sale (Purchase) of Intangibles	-0.02	-	-	-	-0.37
Other Investing Activities	16.73	-0.06	-2.46	-2.12	6.11
Investing Cash Flow	5.16	-20.13	-22.46	-19.02	-12.42
Short-Term Debt Issued	-	-	0.55	-	6.46
Long-Term Debt Issued	111	156.01	219	311.39	1,879
Total Debt Issued	111	156.01	219.55	311.39	1,885
Short-Term Debt Repaid	-0.42	-0.54	-0	-4.73	-0.17
Long-Term Debt Repaid	-70.04	-132.02	-91.2	-65.39	-1,648
Total Debt Repaid	-70.46	-132.56	-91.2	-70.12	-1,648
Net Debt Issued (Repaid)	40.54	23.45	128.35	241.27	236.7
Other Financing Activities	-3.67	-4.83	-2.3	-12.72	-104.95
Financing Cash Flow	36.88	18.62	126.05	228.54	131.75
Foreign Exchange Rate Adjustments	1.19	-1.44	-1.06	-3.93	1.05
Net Cash Flow	16.52	-3.78	0.32	-21.21	22.57
Free Cash Flow	-39.37	-20.97	-122.22	-243.7	-115.96
Free Cash Flow Margin	-14.49%	-7.63%	-47.23%	-89.73%	-45.90%
Free Cash Flow Per Share	-0.07	-0.04	-0.21	-0.42	-0.20
Cash Interest Paid	3.67	4.83	2.3	12.72	104.95
Cash Income Tax Paid	-	-	0.61	-	9.61
Levered Free Cash Flow	-272.43	-308.54	-281.1	-197.99	-69.68
Unlevered Free Cash Flow	5.17	-26.11	-18	41.55	45.42
Change in Working Capital	11.56	51.45	-24.75	1	50.01

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