HKG:2560 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	109.37	125.64	116.95	75.88	129.65
Depreciation & Amortization	76.87	73.54	69.41	46.77	19.99
Loss (Gain) From Sale of Assets	-	0.13	0.07	0.05	0.02
Loss (Gain) From Sale of Investments	-	-0.11	-0.15	-	-
Other Operating Activities	15.62	52.37	59.97	32.55	3.2
Change in Accounts Receivable	-	-98.12	-175.82	-265.56	19.05
Change in Inventory	-	1.38	15.7	-65.65	-13.59
Change in Accounts Payable	-	9.79	48.7	40.22	101.44
Change in Unearned Revenue	-	2.17	28.86	13.39	2.04
Change in Other Net Operating Assets	-	-	-	0.13	0.7
Operating Cash Flow	201.85	166.78	163.69	-122.23	262.49
Operating Cash Flow Growth	21.03%	1.89%	-	-	-
Capital Expenditures	-	-96.08	-69.98	-277.83	-584.88
Sale of Property, Plant & Equipment	-	0.13	0.06	5.1	0.27
Sale (Purchase) of Intangibles	-	-	-4.78	-	-
Investment in Securities	-	-40	-	-	-
Other Investing Activities	-227.16	-0.38	-16.84	-	7.41
Investing Cash Flow	-227.16	-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)	-	-31.55	-159.57	349.02	481.52
Issuance of Common Stock	-	-	202.89	7.2	2.8
Common Dividends Paid	-	-	-45.34	-23.46	-49.39
Other Financing Activities	320.59	-33.62	-35.78	-20.36	-6.68
Financing Cash Flow	320.59	-65.17	-37.8	312.41	428.24
Foreign Exchange Rate Adjustments	-0.12	-	-	-	-
Net Cash Flow	295.17	-34.72	34.35	-82.55	113.53
Free Cash Flow	201.85	70.7	93.71	-400.06	-322.39
Free Cash Flow Growth	185.51%	-24.56%	-	-	-
Free Cash Flow Margin	8.72%	2.96%	3.91%	-21.75%	-20.97%
Free Cash Flow Per Share	0.26	0.16	0.22	-1.11	-0.89
Cash Interest Paid	-	25.82	31.86	30.31	17.14
Cash Income Tax Paid	-	28.66	23.39	24.96	27.52
Levered Free Cash Flow	126.31	-27.31	-11.01	-446.95	-
Unlevered Free Cash Flow	141.02	-10.76	7.92	-432.11	-
Change in Working Capital	-	-84.79	-82.56	-277.47	109.64

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