HKG:2560 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	125.35	125.64	116.95	75.88	129.65
Depreciation & Amortization	72.47	73.54	69.41	46.77	19.99
Loss (Gain) From Sale of Assets	0.13	0.13	0.07	0.05	0.02
Loss (Gain) From Sale of Investments	-0.11	-0.11	-0.15	-	-
Other Operating Activities	102.29	52.37	59.97	32.55	3.2
Change in Accounts Receivable	-98.12	-98.12	-175.82	-265.56	19.05
Change in Inventory	1.38	1.38	15.7	-65.65	-13.59
Change in Accounts Payable	9.79	9.79	48.7	40.22	101.44
Change in Unearned Revenue	2.17	2.17	28.86	13.39	2.04
Change in Other Net Operating Assets	-	-	-	0.13	0.7
Operating Cash Flow	215.35	166.78	163.69	-122.23	262.49
Operating Cash Flow Growth	63.73%	1.89%	-	-	-
Capital Expenditures	-112.37	-96.08	-69.98	-277.83	-584.88
Sale of Property, Plant & Equipment	0.13	0.13	0.06	5.1	0.27
Sale (Purchase) of Intangibles	-	-	-4.78	-	-
Investment in Securities	-0.04	-40	-	-	-
Other Investing Activities	-0.79	-0.38	-16.84	-	7.41
Investing Cash Flow	-113.08	-136.33	-91.54	-272.72	-577.2
Long-Term Debt Issued	-	665.21	681.06	845.01	760.07
Long-Term Debt Repaid	-	-696.76	-840.63	-495.99	-278.55
Net Debt Issued (Repaid)	-27.19	-31.55	-159.57	349.02	481.52
Issuance of Common Stock	401.89	-	202.89	7.2	2.8
Common Dividends Paid	-98.58	-	-45.34	-23.46	-49.39
Other Financing Activities	-32.31	-33.62	-35.78	-20.36	-6.68
Financing Cash Flow	243.8	-65.17	-37.8	312.41	428.24
Net Cash Flow	346.62	-34.72	34.35	-82.55	113.53
Free Cash Flow	102.97	70.7	93.71	-400.06	-322.39
Free Cash Flow Growth	53.17%	-24.56%	-	-	-
Free Cash Flow Margin	4.36%	2.96%	3.91%	-21.75%	-20.97%
Free Cash Flow Per Share	0.20	0.16	0.22	-1.11	-0.89
Cash Interest Paid	19.87	25.82	31.86	30.31	17.14
Cash Income Tax Paid	33.78	28.66	23.39	24.96	27.52
Levered Free Cash Flow	48.21	-27.31	-11.01	-446.95	-
Unlevered Free Cash Flow	63.29	-10.76	7.92	-432.11	-
Change in Working Capital	-84.79	-84.79	-82.56	-277.47	109.64

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