HKG:2566 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	138.41	138.6	119.78	59.87	119.41
Depreciation & Amortization	37.91	36.22	35.82	35.77	24.24
Other Amortization	6.66	0.72	0.32	-	-
Loss (Gain) From Sale of Assets	0.07	0.27	0.41	0.04	0.33
Loss (Gain) From Sale of Investments	2.83	6.5	1.22	0.46	-0.08
Stock-Based Compensation	5.55	5.3	11.93	0.18	0.15
Other Operating Activities	-4.33	26.24	26.62	12.74	7.24
Change in Accounts Receivable	23.57	-144.3	-62.47	-82.03	-131.24
Change in Inventory	-6.99	11.39	0.91	27.79	49.16
Change in Accounts Payable	21.38	-15.42	-9.22	-14.8	-32.69
Change in Unearned Revenue	-0.99	7.59	-2.15	-5.03	1.19
Change in Other Net Operating Assets	30.79	21.68	12.61	-12.41	29.83
Operating Cash Flow	254.84	94.79	135.77	22.56	67.53
Operating Cash Flow Growth	168.86%	-30.19%	501.82%	-66.59%	-
Capital Expenditures	-49.59	-15.09	-21.1	-23.3	-53.94
Sale of Property, Plant & Equipment	0.08	0.12	0	0.01	0.05
Sale (Purchase) of Intangibles	-55.06	-64.76	-25.88	-35.66	-8.97
Investment in Securities	-300	-	-	-	-
Investing Cash Flow	-404.57	-79.73	-46.98	-58.94	-62.86
Long-Term Debt Issued	114.9	130.2	143.31	204.17	209.62
Long-Term Debt Repaid	-136.07	-176.55	-196.16	-170.3	-158.65
Net Debt Issued (Repaid)	-21.17	-46.35	-52.86	33.88	50.97
Issuance of Common Stock	-	521	-	-	-
Common Dividends Paid	-13.73	-	-	-12	-
Other Financing Activities	-4.54	-46.34	-14.49	-8.98	-9.75
Financing Cash Flow	-39.45	428.32	-67.35	12.89	41.23
Foreign Exchange Rate Adjustments	0.22	1.08	0.21	0.2	-0.12
Net Cash Flow	-188.96	444.45	21.64	-23.29	45.78
Free Cash Flow	205.25	79.69	114.66	-0.74	13.59
Free Cash Flow Growth	157.56%	-30.50%	-	-	-
Free Cash Flow Margin	15.71%	5.82%	8.91%	-0.07%	1.04%
Free Cash Flow Per Share	0.84	0.39	0.57	-0.00	0.07
Cash Interest Paid	4.5	7.15	9.41	8.98	9.75
Cash Income Tax Paid	31.37	19.16	-1.1	-10.5	11.74
Levered Free Cash Flow	83.85	14.91	12.11	-51.21	-
Unlevered Free Cash Flow	87.39	19.37	17.98	-45.56	-
Change in Working Capital	67.76	-119.06	-60.32	-86.5	-83.76

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