HKG:2489 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	110.65	104.76	65.03	83.21	41.62
Depreciation & Amortization	76.44	60.94	47.22	46.86	26.85
Other Amortization	0.27	0.27	0.27	0.18	-
Loss (Gain) From Sale of Assets	11.83	-0.01	0.01	-0.01	0.98
Stock-Based Compensation	4.29	-	-	-	-
Other Operating Activities	61.53	39.15	64.33	72.66	39.32
Change in Inventory	-3.33	3.78	-3.17	1.14	9.2
Change in Accounts Payable	-4.67	1.23	-2.15	-3.45	2.03
Change in Other Net Operating Assets	-41.14	1.14	2.8	-1.3	-6.05
Operating Cash Flow	215.86	211.25	174.33	199.29	113.96
Operating Cash Flow Growth	2.18%	21.18%	-12.53%	74.89%	-38.98%
Capital Expenditures	-116.61	-42.55	-70.58	-48.38	-34.62
Sale of Property, Plant & Equipment	-	0.01	1.21	0.01	-
Cash Acquisitions	-6.71	-	-	-	-
Sale (Purchase) of Intangibles	-19.53	-6.3	-6.3	-7.65	-26.95
Investment in Securities	-	-5.54	-	-	-
Other Investing Activities	-	-2.61	-0.24	-0.04	-34.33
Investing Cash Flow	-142.85	-56.98	-75.51	-56.06	-87.8
Short-Term Debt Issued	204.41	-	30	30.92	30.86
Total Debt Issued	204.41	-	30	30.92	30.86
Short-Term Debt Repaid	-174.7	-30	-30.5	-44.82	-30
Long-Term Debt Repaid	-1.88	-1.61	-1.07	-1.07	-1.3
Total Debt Repaid	-176.58	-31.61	-31.57	-45.89	-31.3
Net Debt Issued (Repaid)	27.83	-31.61	-1.57	-14.97	-0.44
Issuance of Common Stock	439.71	-	231.59	-	0
Common Dividends Paid	-54.74	-53.82	-23.43	-38.89	-2.03
Other Financing Activities	-17.17	-21.75	-0.28	-0.93	-42.66
Financing Cash Flow	395.63	-107.18	206.31	-54.79	-45.13
Foreign Exchange Rate Adjustments	-15.62	4.74	-0.48	11.35	-1.54
Net Cash Flow	453.03	51.82	304.65	99.79	-20.51
Free Cash Flow	99.25	168.7	103.75	150.91	79.34
Free Cash Flow Growth	-41.17%	62.61%	-31.25%	90.22%	-53.14%
Free Cash Flow Margin	15.78%	33.77%	27.06%	36.07%	32.01%
Free Cash Flow Per Share	0.05	0.08	0.07	0.10	991.70
Cash Interest Paid	4.43	0.81	1.31	0.93	2.66
Cash Income Tax Paid	79.55	72.36	20.5	31.99	10.09
Levered Free Cash Flow	164.16	128.46	95.06	62.01	-1.64
Unlevered Free Cash Flow	167.09	128.97	95.87	62.6	0.02
Change in Working Capital	-49.14	6.15	-2.52	-3.61	5.18

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