HKG:2392 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	-54.35	6.91	-72.36	-35.68	14.51
Depreciation & Amortization	6.76	10.17	10.41	11.26	11.79
Other Amortization	1.72	0.85	0.94	1.99	1.8
Loss (Gain) From Sale of Assets	0.44	0	0.04	0.03	0.91
Loss (Gain) From Sale of Investments	-0.5	-0.57	-0.05	-1.29	4.16
Stock-Based Compensation	0.5	2.42	5.08	-	-
Provision & Write-off of Bad Debts	1.26	6.36	7.89	7.34	-
Other Operating Activities	21.84	20.63	6.1	-0.11	0.45
Change in Accounts Receivable	131.65	-81.63	-0.23	-83.48	-73.99
Change in Accounts Payable	-10.33	-11.97	16.98	-34.15	22.94
Change in Unearned Revenue	7.81	-13.74	20.19	-0.84	-2.1
Change in Other Net Operating Assets	-6.39	5.29	-0.8	-8.32	2.07
Operating Cash Flow	74.16	-78.82	-5.81	-143.24	-17.46
Capital Expenditures	-1.29	-0.06	-0.64	-1.84	-6.15
Sale of Property, Plant & Equipment	1.09	-	0.17	-	-
Sale (Purchase) of Intangibles	-2.69	-3.03	-0.28	-0.46	-0.8
Investment in Securities	0.5	1.07	-0.45	22.77	9.93
Investing Cash Flow	-2.39	-2.02	-1.2	20.47	2.98
Short-Term Debt Issued	153.56	169.59	178.2	128.92	88.38
Total Debt Issued	153.56	169.59	178.2	128.92	88.38
Short-Term Debt Repaid	-164.04	-182.67	-108.68	-98.92	-69.37
Long-Term Debt Repaid	-6.8	-9.32	-8.75	-6.77	-10.78
Total Debt Repaid	-170.84	-191.98	-117.43	-105.69	-80.15
Net Debt Issued (Repaid)	-17.29	-22.39	60.77	23.23	8.24
Repurchase of Common Stock	-0.53	-14.48	-17.08	-	-
Common Dividends Paid	-0.3	-1.62	-	-	-
Other Financing Activities	-3.99	-1.28	-4.67	168.7	-2.58
Financing Cash Flow	-22.1	-39.77	39.02	191.93	5.66
Foreign Exchange Rate Adjustments	-0.24	-0.25	-0.71	3.56	-
Net Cash Flow	49.43	-120.87	31.31	72.72	-8.82
Free Cash Flow	72.88	-78.87	-6.45	-145.08	-23.61
Free Cash Flow Margin	9.55%	-7.36%	-0.50%	-13.91%	-2.38%
Free Cash Flow Per Share	0.14	-0.14	-0.01	-0.27	-0.04
Cash Interest Paid	4.01	4.28	4.44	2.72	1.99
Cash Income Tax Paid	-	-0.04	0	0.02	0.1
Levered Free Cash Flow	104.75	-72.99	13.6	-134.07	-31.02
Unlevered Free Cash Flow	106.87	-70.14	16.57	-131.51	-31.02
Change in Working Capital	122.74	-102.05	36.14	-126.78	-51.08

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