HKG:2623 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	FY 2020
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	Dec '20 Dec 31, 2020
Net Income	74.51	61.72	50.53	57.64	-30.06	60.71
Depreciation & Amortization	19.03	22	23.75	24.16	16.33	17.08
Loss (Gain) From Sale of Assets	-118.98	-118.98	4.36	-0.09	0.01	-1.08
Loss (Gain) From Sale of Investments	-0.73	-0.73	-0.12	0.65	-0.4	4.39
Other Operating Activities	-9.45	-0.55	9.23	9.76	8.45	21.99
Change in Accounts Receivable	-2.03	-2.03	10.16	-14.89	11.01	-14.57
Change in Inventory	2.75	2.75	39.41	46.95	-24.89	-6.34
Change in Accounts Payable	-27.99	-27.99	14.47	6.98	8.25	8.66
Change in Other Net Operating Assets	-8.21	-8.21	-98.45	81.14	94.78	-69.7
Operating Cash Flow	-71.09	-72.02	53.34	212.3	83.47	21.13
Operating Cash Flow Growth	-	-	-74.88%	154.33%	295.03%	-
Capital Expenditures	-174.48	-171.05	-48.99	-151.78	-6.32	-35.4
Sale of Property, Plant & Equipment	0.09	0.12	0.05	0.67	0.05	24.18
Sale (Purchase) of Intangibles	62.55	62.55	-	-	-	-
Other Investing Activities	-42.41	-33.03	-63.5	-27.07	11.18	-0.69
Investing Cash Flow	-154.25	-141.41	-112.44	-178.18	4.91	-11.9
Short-Term Debt Issued	-	179.13	115.88	55.4	-	-
Long-Term Debt Issued	-	-	30	60	60	60
Total Debt Issued	252.4	179.13	145.88	115.4	60	60
Short-Term Debt Repaid	-	-	-83.28	-	-	-
Long-Term Debt Repaid	-	-31.12	-68.94	-182.62	-61.13	-42.61
Total Debt Repaid	-31.12	-31.12	-152.22	-182.62	-61.13	-42.61
Net Debt Issued (Repaid)	221.28	148.01	-6.34	-67.22	-1.13	17.39
Issuance of Common Stock	-	-	89.6	-	-	-
Repurchase of Common Stock	-	-	-0.01	-	-8.88	-1.94
Other Financing Activities	-0.04	-0.74	-2.59	-36.25	-10.87	12.07
Financing Cash Flow	221.24	147.27	80.67	-103.48	-20.89	27.52
Foreign Exchange Rate Adjustments	0.15	0.03	-0.1	2.73	-0.61	-2.15
Net Cash Flow	-3.95	-66.13	21.47	-66.62	66.89	34.6
Free Cash Flow	-245.57	-243.07	4.35	60.52	77.15	-14.26
Free Cash Flow Growth	-	-	-92.82%	-21.55%	-	-
Free Cash Flow Margin	-178.29%	-86.17%	0.34%	3.24%	4.72%	-1.48%
Free Cash Flow Per Share	-0.70	-0.69	0.01	0.23	0.29	-0.05
Cash Interest Paid	0.04	0.74	2.59	12.11	13.32	12.93
Cash Income Tax Paid	7.76	16.58	2.69	2.4	-	-
Levered Free Cash Flow	-233.31	-390.45	1.88	7.92	89.88	-63.8
Unlevered Free Cash Flow	-228.25	-384.93	3.98	15.63	101.35	-52.25
Change in Working Capital	-35.47	-35.47	-34.4	120.18	89.14	-81.95

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