Jiangsu Horizon Chain Supermarket Company Limited (HKG:2625)

HKG:2625 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	36.63	42.72	50.09
Depreciation & Amortization	71.77	70.88	69.74
Loss (Gain) From Sale of Assets	1.49	0.51	-0.03
Asset Writedown & Restructuring Costs	-	-	1.49
Loss (Gain) From Sale of Investments	-0.08	-0.24	-0.26
Provision & Write-off of Bad Debts	10.41	-0.94	3.21
Other Operating Activities	25.48	25.27	19.98
Change in Accounts Receivable	-249.95	19.75	-86.04
Change in Inventory	-83.34	-63.8	57.75
Change in Accounts Payable	62.63	38.73	-28.63
Change in Unearned Revenue	50.97	8.79	-18.08
Change in Other Net Operating Assets	-2.95	-1.6	-
Operating Cash Flow	-76.95	140.09	69.22
Operating Cash Flow Growth	-	102.38%	-
Capital Expenditures	-31.4	-68.76	-40.73
Sale of Property, Plant & Equipment	0.22	0.54	4.12
Investment in Securities	-43	1.78	0.26
Other Investing Activities	2.78	2.21	1.82
Investing Cash Flow	-71.4	-64.24	-34.54
Long-Term Debt Issued	692.08	530.42	595.62
Long-Term Debt Repaid	-623.4	-602.1	-538.75
Net Debt Issued (Repaid)	68.68	-71.69	56.87
Issuance of Common Stock	160.4	-	-
Other Financing Activities	-58.04	-24.11	-21.14
Financing Cash Flow	171.04	-95.8	35.73
Foreign Exchange Rate Adjustments	-1.12	0.59	0.33
Net Cash Flow	21.57	-19.37	70.74
Free Cash Flow	-108.35	71.32	28.49
Free Cash Flow Growth	-	150.36%	-
Free Cash Flow Margin	-7.02%	5.28%	2.03%
Free Cash Flow Per Share	-0.53	0.44	0.18
Cash Interest Paid	58.04	24.11	21.14
Cash Income Tax Paid	16.24	15.27	19.4
Levered Free Cash Flow	-202.94	-1.29	-
Unlevered Free Cash Flow	-186.74	13.73	-
Change in Working Capital	-222.65	1.88	-75

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