HKG:2271 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	2019
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	2019
Net Income	35.13	38.07	49.35	50.82	38.99	36.54	Upgrade
Depreciation & Amortization	0.95	0.93	0.98	0.96	0.74	0.66	Upgrade
Loss (Gain) on Equity Investments	-0.01	0.02	-	-	-	-	Upgrade
Provision & Write-off of Bad Debts	14.61	7.97	3.85	2.66	0.33	2.5	Upgrade
Other Operating Activities	5.06	2.48	11.45	7.68	-0.33	23.71	Upgrade
Change in Accounts Receivable	-74.08	-44.73	-30.98	-35.45	-6.98	-18.18	Upgrade
Change in Inventory	-0.48	-0.5	-0.16	0.01	0.14	0.06	Upgrade
Change in Accounts Payable	16.74	22.66	0.27	0.84	-0.59	0.06	Upgrade
Change in Unearned Revenue	-1.21	1.57	11.64	-5.32	-1.17	26.94	Upgrade
Change in Other Net Operating Assets	5.44	-54.92	-45.06	-25.51	-2.96	18.91	Upgrade
Operating Cash Flow	2.17	-26.45	1.32	-3.3	28.18	91.19	Upgrade
Operating Cash Flow Growth	-	-	-	-	-69.10%	186.38%	Upgrade
Capital Expenditures	-0.92	-0.84	-0.73	-0.58	-2.81	-1.28	Upgrade
Cash Acquisitions	-	-	-	-	-	-0.38	Upgrade
Sale (Purchase) of Intangibles	-	-	-0.07	-	-	-	Upgrade
Investment in Securities	-0.08	-0.08	-	-	-	-	Upgrade
Other Investing Activities	-	-	-	0.24	44.76	-15.48	Upgrade
Investing Cash Flow	-1	-0.92	-0.81	-0.34	41.95	-17.13	Upgrade
Short-Term Debt Issued	-	-	-	3.49	56.83	-	Upgrade
Total Debt Issued	30	-	-	3.49	56.83	-	Upgrade
Short-Term Debt Repaid	-	-	-	-5.35	-58.33	-	Upgrade
Total Debt Repaid	-2	-	-	-5.35	-58.33	-	Upgrade
Net Debt Issued (Repaid)	28	-	-	-1.86	-1.5	-	Upgrade
Issuance of Common Stock	-	-	148.26	-	90	-	Upgrade
Common Dividends Paid	-12.71	-12.71	-	-	-34.96	-	Upgrade
Other Financing Activities	-0.62	-0.04	-16.2	-	-204.65	-	Upgrade
Financing Cash Flow	14.67	-12.75	132.07	-1.86	-151.12	-	Upgrade
Net Cash Flow	15.83	-40.13	132.58	-5.5	-80.99	74.06	Upgrade
Free Cash Flow	1.24	-27.29	0.59	-3.88	25.37	89.91	Upgrade
Free Cash Flow Growth	-	-	-	-	-71.79%	189.47%	Upgrade
Free Cash Flow Margin	0.28%	-6.62%	0.17%	-1.21%	8.58%	38.97%	Upgrade
Free Cash Flow Per Share	0.00	-0.05	0.00	-0.01	0.07	-	Upgrade
Cash Income Tax Paid	12.51	14.89	8.52	9.76	17.85	2.95	Upgrade
Levered Free Cash Flow	-5.31	-32.9	-6.43	-13.1	73.94	67.34	Upgrade
Unlevered Free Cash Flow	-5.06	-32.9	-6.43	-13.1	73.94	67.34	Upgrade
Change in Working Capital	-53.58	-75.92	-64.29	-65.42	-11.56	27.78	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.