HKG:2545 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-4.69	9.71	68.59	34.47	36.17
Depreciation & Amortization	3.13	2.49	2.33	2.29	2.56
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0	0.1	0.03
Loss (Gain) on Equity Investments	-	-	-0.07	-	-
Provision & Write-off of Bad Debts	17.39	17.39	11.27	9.86	3.26
Other Operating Activities	-144.74	24.82	8.58	17.3	13.63
Change in Accounts Receivable	-220.46	-220.46	-158.69	-113.34	-164.69
Change in Inventory	10.8	10.8	8.96	0.1	16.76
Change in Accounts Payable	32.68	32.68	120.09	-6.03	100.76
Change in Unearned Revenue	2.06	2.06	-2.9	2.49	4.82
Change in Other Net Operating Assets	17.4	17.4	-9.7	16.06	-25.54
Operating Cash Flow	-286.45	-103.14	48.44	-36.69	-12.25
Capital Expenditures	-5.76	-5.62	-0.86	-8.53	-7.61
Sale of Property, Plant & Equipment	0.19	0.07	-	0.01	0
Cash Acquisitions	0	-139.84	-	-	-
Investment in Securities	0.04	0.04	-0.02	-0	-0
Other Investing Activities	0.65	0.44	0.18	0.12	0.11
Investing Cash Flow	-4.88	-144.9	-0.71	-8.4	-7.5
Short-Term Debt Issued	-	373	397	407	311
Total Debt Issued	648.4	373	397	407	311
Short-Term Debt Repaid	-	-347	-425	-343	-205
Long-Term Debt Repaid	-	-0.15	-0.17	-0.45	-0.38
Total Debt Repaid	-443.13	-347.15	-425.17	-343.45	-205.38
Net Debt Issued (Repaid)	205.27	25.86	-28.17	63.55	105.62
Issuance of Common Stock	182.73	310.45	12.12	27.68	-
Repurchase of Common Stock	-	-	-	-	-41.64
Other Financing Activities	-56.22	-34.97	-18.75	-17.35	-13.38
Financing Cash Flow	331.78	301.34	-34.81	73.89	50.6
Foreign Exchange Rate Adjustments	0.29	0.13	-0.03	-	-
Net Cash Flow	40.73	53.42	12.89	28.8	30.86
Free Cash Flow	-292.21	-108.76	47.58	-45.22	-19.85
Free Cash Flow Margin	-61.72%	-19.74%	7.81%	-10.95%	-4.14%
Free Cash Flow Per Share	-0.46	-0.19	0.10	-	-
Cash Interest Paid	16.53	15.31	16.42	15.35	13.19
Cash Income Tax Paid	16.05	5.58	9.79	3.12	2.43
Levered Free Cash Flow	-335.63	-259.25	142.45	-83.68	-
Unlevered Free Cash Flow	-325.2	-249.67	152.88	-74.09	-
Change in Working Capital	-157.53	-157.53	-42.25	-100.72	-67.9

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