Dawnrays Pharmaceutical (Holdings) Limited (HKG:2348)
Hong Kong · Delayed Price · Currency is HKD 0.9600
0.00 (0.00%)
Oct 9, 2026, 3:51 PM HKT
HKG:2348 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 232.74 | 213.97 | 564.94 | 326 | 358.06 | 358.18 |
Depreciation & Amortization | 126.33 | 119.13 | 104.48 | 81.85 | 64.39 | 56.36 |
Other Amortization | 1.02 | 1.02 | 2.14 | 2.05 | 2.02 | 1.18 |
Loss (Gain) From Sale of Assets | -0.06 | 1.56 | 4.21 | 0.26 | -38.84 | -69.11 |
Asset Writedown & Restructuring Costs | 26.25 | 33.87 | - | - | - | - |
Loss (Gain) From Sale of Investments | -25.4 | -8.74 | -292.89 | -5.68 | -7.2 | -5.56 |
Loss (Gain) on Equity Investments | - | - | 3.7 | 40.93 | 61.91 | 46.42 |
Stock-Based Compensation | 1.06 | 1.25 | -0.51 | -1.02 | -4.91 | 4.33 |
Provision & Write-off of Bad Debts | 1.03 | 1.03 | -1.99 | 0.69 | 2.44 | - |
Other Operating Activities | 24.93 | 28.12 | 5.72 | -128.93 | 1.77 | -3.9 |
Change in Accounts Receivable | -30.93 | -25.47 | 40.73 | 73.38 | -79.82 | -27.07 |
Change in Inventory | -9.14 | 42.15 | -141.01 | 19.7 | -42.37 | 39.45 |
Change in Accounts Payable | 5.49 | -47.78 | 56.22 | -61.91 | 80.86 | -12.11 |
Change in Unearned Revenue | -0.18 | -0.48 | 3.36 | -0.3 | -0.3 | -0.3 |
Change in Other Net Operating Assets | -9.45 | -4.24 | -128.89 | -8.62 | 36.26 | 5.28 |
Operating Cash Flow | 343.69 | 355.41 | 220.2 | 338.4 | 434.27 | 393.14 |
Operating Cash Flow Growth | 37.08% | 61.40% | -34.93% | -22.07% | 10.46% | 29.79% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -78.2 | -86 | -126.04 | -199.55 | -204.37 | -313.07 |
Sale of Property, Plant & Equipment | -1.01 | 4.08 | 0.77 | 0.63 | 0.39 | 1.6 |
Cash Acquisitions | - | - | - | - | -8.64 | - |
Divestitures | - | -0.29 | - | - | 20.8 | 73.77 |
Sale (Purchase) of Intangibles | -29.48 | -33.4 | -49.58 | -12.46 | -21.3 | -89.96 |
Investment in Securities | -118.52 | -292.63 | 223.76 | -133.31 | -25.5 | 64.7 |
Other Investing Activities | 32.3 | 39.43 | 156.27 | -42.88 | 63.6 | -21.24 |
Investing Cash Flow | -194.91 | -368.8 | 205.17 | -387.57 | -175.01 | -284.2 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 77.48 | 224.86 | 120.06 | 6.43 | 21.01 |
Total Debt Issued | 137.96 | 77.48 | 224.86 | 120.06 | 6.43 | 21.01 |
Short-Term Debt Repaid | - | - | -300 | - | - | - |
Long-Term Debt Repaid | - | -0.41 | -1.31 | -1.56 | -0.44 | -1.04 |
Lease Payments | -0.41 | -0.41 | -1.31 | -1.56 | -0.44 | -1.04 |
Total Debt Repaid | -118.02 | -0.41 | -301.31 | -1.56 | -0.44 | -1.04 |
Net Debt Issued (Repaid) | 19.94 | 77.07 | -76.45 | 118.51 | 6 | 19.97 |
Issuance of Common Stock | 2.64 | 1.28 | 1.37 | 1.17 | 0.35 | 2.19 |
Repurchase of Common Stock | - | - | - | - | - | -15.53 |
Common Dividends Paid | -83.07 | -132.91 | -111.2 | -117.08 | -99.54 | -143.91 |
Other Financing Activities | -0.7 | -0.42 | -3.16 | -0.53 | 0.5 | 7.53 |
Financing Cash Flow | -61.18 | -54.99 | -189.44 | 2.07 | -92.7 | -129.75 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -22.62 | -21.46 | 12.92 | 2.25 | 7.39 | 0.08 |
Net Cash Flow | 64.98 | -89.84 | 248.85 | -44.86 | 173.94 | -20.74 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 265.49 | 269.41 | 94.16 | 138.85 | 229.9 | 80.07 |
Free Cash Flow Growth | 35.52% | 186.13% | -32.19% | -39.61% | 187.12% | -51.12% |
Free Cash Flow Margin | 23.16% | 21.89% | 8.88% | 12.06% | 17.99% | 6.87% |
Free Cash Flow Per Share | 0.18 | 0.18 | 0.06 | 0.09 | 0.15 | 0.05 |
Levered Free Cash Flow | 190.09 | 142.46 | -18.43 | -217.18 | 365.17 | -1.67 |
Unlevered Free Cash Flow | 190.56 | 142.77 | -16.17 | -216.56 | 365.4 | -1.27 |
Free Cash Flow After Leases | 265.08 | 269 | 92.84 | 137.29 | 229.46 | 79.03 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 0.7 | 0.42 | 3.16 | 0.53 | - | 0.54 |
Cash Income Tax Paid | 47.16 | 26.23 | 76.74 | 62.52 | 63.19 | 65.16 |
Change in Working Capital | -44.21 | -35.82 | -169.6 | 22.26 | -5.36 | 5.25 |