HKG:2330 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	-50.32	-42.99	-46.23	-55.77	-400.93
Depreciation & Amortization	0.53	1.44	1.93	1.69	1.69
Loss (Gain) From Sale of Assets	21.57	6.3	23.53	5.22	302.82
Asset Writedown & Restructuring Costs	31.74	18.51	0.38	49.13	106.21
Loss (Gain) From Sale of Investments	-	-	0.49	0.82	0.52
Provision & Write-off of Bad Debts	-0.46	6.89	-0.27	0.42	-0.73
Other Operating Activities	-18.8	-7.34	-7.77	-22.4	-36.85
Change in Inventory	9.46	2.33	-41.07	25.18	-115.48
Change in Accounts Payable	-4.79	-17.45	-18.86	5.03	87.17
Change in Unearned Revenue	-45.61	2.53	92.03	-24.22	-17.44
Change in Other Net Operating Assets	7.12	9.04	-0.71	18.77	-16.99
Operating Cash Flow	-49.58	-20.74	7.35	4.73	-88.61
Operating Cash Flow Growth	-	-	55.47%	-	-
Capital Expenditures	-	-0.05	-	-0.01	-0.11
Sale of Property, Plant & Equipment	-	30.54	-	-	-
Sale (Purchase) of Real Estate	-	-	-	1.66	24.76
Other Investing Activities	31.25	6.16	-31.22	-6.39	7.19
Investing Cash Flow	31.25	36.65	-31.22	-4.74	31.84
Short-Term Debt Issued	-	-	30.52	28.96	98.33
Total Debt Issued	-	-	30.52	28.96	98.33
Short-Term Debt Repaid	-	-21.25	-12.44	-35.34	-75.59
Long-Term Debt Repaid	-0.36	-0.67	-1.22	-1.02	-0.97
Total Debt Repaid	-0.36	-21.92	-13.66	-36.36	-76.56
Net Debt Issued (Repaid)	-0.36	-21.92	16.86	-7.4	21.77
Issuance of Common Stock	18.36	8.31	-	-	-
Other Financing Activities	-0.67	-3.28	-1.76	-0.89	-0.78
Financing Cash Flow	17.33	-16.89	15.1	-8.28	20.99
Foreign Exchange Rate Adjustments	-0.25	-0.43	-0.72	-3.18	0.15
Net Cash Flow	-1.25	-1.41	-9.5	-11.47	-35.63
Free Cash Flow	-49.58	-20.79	7.35	4.72	-88.72
Free Cash Flow Growth	-	-	55.67%	-	-
Free Cash Flow Margin	-44.45%	-89.13%	165.44%	7.78%	-51.00%
Free Cash Flow Per Share	-0.14	-0.07	0.03	0.02	-0.35
Cash Interest Paid	0.55	3.03	1.76	0.89	0.78
Cash Income Tax Paid	-	0	3.33	1.22	10.41
Levered Free Cash Flow	38.31	32.74	7.3	45.56	352.11
Unlevered Free Cash Flow	38.68	34.7	8.51	46.12	352.62
Change in Working Capital	-33.82	-3.56	35.31	25.62	-61.33

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