HKG:2625 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	37.22	42.72	50.09
Depreciation & Amortization	77.17	70.88	69.74
Loss (Gain) From Sale of Assets	0.51	0.51	-0.03
Asset Writedown & Restructuring Costs	-	-	1.49
Loss (Gain) From Sale of Investments	-0.24	-0.24	-0.26
Provision & Write-off of Bad Debts	-0.94	-0.94	3.21
Other Operating Activities	-71.86	25.27	19.98
Change in Accounts Receivable	19.75	19.75	-86.04
Change in Inventory	-63.8	-63.8	57.75
Change in Accounts Payable	38.73	38.73	-28.63
Change in Unearned Revenue	8.79	8.79	-18.08
Change in Other Net Operating Assets	-1.6	-1.6	-
Operating Cash Flow	43.73	140.09	69.22
Operating Cash Flow Growth	-36.83%	102.38%	-
Capital Expenditures	-69.76	-68.76	-40.73
Sale of Property, Plant & Equipment	0.53	0.54	4.12
Investment in Securities	-41.66	1.78	0.26
Other Investing Activities	3.1	2.21	1.82
Investing Cash Flow	-107.8	-64.24	-34.54
Long-Term Debt Issued	-	530.42	595.62
Long-Term Debt Repaid	-	-602.1	-538.75
Net Debt Issued (Repaid)	16.98	-71.69	56.87
Other Financing Activities	-23.9	-24.11	-21.14
Financing Cash Flow	100.27	-95.8	35.73
Foreign Exchange Rate Adjustments	0.03	0.59	0.33
Net Cash Flow	36.23	-19.37	70.74
Free Cash Flow	-26.04	71.32	28.49
Free Cash Flow Growth	-	150.36%	-
Free Cash Flow Margin	-1.79%	5.28%	2.03%
Free Cash Flow Per Share	-0.15	0.44	0.18
Cash Interest Paid	23.9	24.11	21.14
Cash Income Tax Paid	14.78	15.27	19.4
Levered Free Cash Flow	-	-1.29	-
Unlevered Free Cash Flow	-	13.73	-
Change in Working Capital	1.88	1.88	-75

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