Shanghai Forest Cabin Cosmetics Group Co., Ltd. (HKG:2657)

HKG:2657 Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	434.4	360.37	186.83	84.52	-5.87
Depreciation & Amortization	112.27	104.28	74.83	78.19	86.66
Other Amortization	1.96	1.9	1.67	1.67	1.69
Loss (Gain) From Sale of Assets	0.35	0.34	0.16	-0.49	-0.12
Loss (Gain) From Sale of Investments	1.12	2.44	-0.55	2.47	-0.19
Stock-Based Compensation	8.6	10.17	5.13	3.94	2.28
Other Operating Activities	29.68	5.58	1.2	6.28	-32.92
Change in Accounts Receivable	-5.21	-53.16	-10.91	-15.37	12.71
Change in Inventory	-114.97	-163.26	-86.87	15.03	-19.06
Change in Accounts Payable	58.14	61.49	62.07	17.58	0.76
Change in Unearned Revenue	15.11	14.58	3.81	6.88	-4.66
Change in Other Net Operating Assets	55.38	65.75	69.15	5.11	23.98
Operating Cash Flow	596.82	410.45	306.51	205.82	65.27
Operating Cash Flow Growth	151.27%	33.91%	48.92%	215.31%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Capital Expenditures	-71.2	-73.17	-89.57	-91.59	-83.9
Sale of Property, Plant & Equipment	3.28	2.71	0.9	0.57	0.31
Sale (Purchase) of Intangibles	-5.87	-4.77	-0.74	-0.64	-0.59
Investment in Securities	-378.3	0.64	0.83	4.9	242.74
Investing Cash Flow	-452.1	-74.59	-88.59	-86.76	158.56

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Long-Term Debt Issued	-	-	50.96	26.94	-
Long-Term Debt Repaid	-	-82.75	-59.25	-61.97	-65.51
Lease Payments	-73.19	-67.17	-59.25	-61.97	-65.51
Net Debt Issued (Repaid)	-151.09	-82.75	-8.29	-35.02	-65.51
Issuance of Common Stock	1,095	952.71	-	-	-
Common Dividends Paid	-229.57	-95.03	-50	-	-
Other Financing Activities	-7.62	-8	-5.2	-1.61	-2.15
Financing Cash Flow	698.6	766.94	-63.49	-36.64	-67.66

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Foreign Exchange Rate Adjustments	-26.9	-1.57	0.16	0.18	0.91
Net Cash Flow	816.41	1,101	154.59	82.61	157.08

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Free Cash Flow	525.61	337.27	216.94	114.23	-18.63
Free Cash Flow Growth	217.25%	55.47%	89.91%	-	-
Free Cash Flow Margin	18.14%	13.77%	17.93%	14.19%	-2.70%
Free Cash Flow Per Share	3.93	2.68	1.73	0.91	-0.15
Levered Free Cash Flow	316.78	221.52	140.09	106.39	-
Unlevered Free Cash Flow	319.88	224.94	141.64	107.28	-
Free Cash Flow After Leases	452.43	270.1	157.68	52.26	-84.14

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash Interest Paid	4.94	5.46	4.11	1.61	2.01
Cash Income Tax Paid	86.12	68.07	32.44	10.1	0.65
Change in Working Capital	8.45	-74.62	37.24	29.23	13.74

Data Source: S&P Global Market Intelligence Last updated: Sep 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Oct 1, 2026

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