HKG:2482 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	43.48	50.03	-29.56	1.39	50.74
Depreciation & Amortization	11.53	15.5	12.17	14.54	17.12
Other Amortization	0.7	0.59	0.44	0.42	0.16
Loss (Gain) From Sale of Assets	-9.6	-0.03	0.26	0.18	0.49
Loss (Gain) From Sale of Investments	70.33	23.37	16.06	7.46	10.21
Loss (Gain) on Equity Investments	1.06	0.55	1.38	1.46	0.78
Stock-Based Compensation	2.26	9.19	26.97	17.67	22.35
Provision & Write-off of Bad Debts	-0.89	-0.67	-0.16	1.03	-0.2
Other Operating Activities	-11.93	16.58	-6.43	-11.16	5.19
Change in Accounts Receivable	144.5	-37.37	-18.92	52.06	11.27
Change in Inventory	-0.08	3.43	-1.43	-0.13	-3.05
Change in Accounts Payable	-129.48	16.82	46.57	-4.6	-37.71
Change in Unearned Revenue	-1.76	-4.05	0.44	2.12	-0.89
Change in Other Net Operating Assets	-356.78	59.71	-293.39	-138.84	53.94
Operating Cash Flow	-236.66	153.66	-245.59	-56.41	130.4
Operating Cash Flow Growth	-	-	-	-	136.21%
Capital Expenditures	-3.65	-1.72	-3.37	-8.45	-6.29
Sale of Property, Plant & Equipment	0.12	0.04	0.62	1.39	0.3
Divestitures	-0	-	-	-	-
Sale (Purchase) of Intangibles	-0.71	-0.58	-0.5	-0.67	-1.29
Investment in Securities	14.72	-274.62	30.97	-45.81	-0.63
Investing Cash Flow	10.48	-276.89	27.71	-53.54	-7.91
Short-Term Debt Issued	558.75	446.2	326	253.8	1,151
Total Debt Issued	558.75	446.2	326	253.8	1,151
Short-Term Debt Repaid	-495.42	-280	-206.5	-343.33	-1,118
Long-Term Debt Repaid	-4.24	-5.76	-2.79	-2.57	-3.8
Total Debt Repaid	-499.66	-285.76	-209.29	-345.9	-1,122
Net Debt Issued (Repaid)	59.09	160.44	116.72	-92.1	28.45
Issuance of Common Stock	-	-	108.29	-	165
Other Financing Activities	-7.85	-7.82	-9.98	-6.08	-8.76
Financing Cash Flow	51.24	152.61	215.03	-98.18	184.69
Net Cash Flow	-174.94	29.38	-2.85	-208.12	307.18
Free Cash Flow	-240.31	151.93	-248.97	-64.86	124.12
Free Cash Flow Growth	-	-	-	-	171.25%
Free Cash Flow Margin	-5.30%	2.02%	-4.43%	-1.04%	1.97%
Free Cash Flow Per Share	-0.17	0.11	-0.18	-0.05	0.09
Cash Interest Paid	7.85	7.82	2.45	6.08	2.76
Cash Income Tax Paid	33.35	6.69	5.15	10.75	3.19
Levered Free Cash Flow	-228.19	119.49	-246.91	-79.23	101.83
Unlevered Free Cash Flow	-223.19	127.17	-245.37	-76.79	104.91
Change in Working Capital	-343.59	38.54	-266.73	-89.4	23.56

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