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	1.9	1.9	1.67	1.67	1.69
Loss (Gain) From Sale of Assets	0.34	0.34	0.16	-0.49	-0.12
Loss (Gain) From Sale of Investments	2.44	2.44	-0.55	2.47	-0.19
Stock-Based Compensation	10.17	10.17	5.13	3.94	2.28
Other Operating Activities	37.33	5.58	1.2	6.28	-32.92
Change in Accounts Receivable	-53.16	-53.16	-10.91	-15.37	12.71
Change in Inventory	-107.96	-163.26	-86.87	15.03	-19.06
Change in Accounts Payable	61.49	61.49	62.07	17.58	0.76
Change in Unearned Revenue	14.58	14.58	3.81	6.88	-4.66
Change in Other Net Operating Assets	83.05	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	-111.07	-73.17	-89.57	-91.59	-83.9
Sale of Property, Plant & Equipment	2.71	2.71	0.9	0.57	0.31
Sale (Purchase) of Intangibles	-383.37	-4.77	-0.74	-0.64	-0.59
Investment in Securities	0.64	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	-67.17	-67.17	-59.25	-61.97	-65.51
Net Debt Issued (Repaid)	-82.75	-82.75	-8.29	-35.02	-65.51
Issuance of Common Stock	952.71	952.71	-	-	-
Common Dividends Paid	-229.53	-95.03	-50	-	-
Other Financing Activities	58.16	-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	485.74	337.27	216.94	114.23	-18.63
Free Cash Flow Growth	193.18%	55.47%	89.91%	-	-
Free Cash Flow Margin	16.76%	13.77%	17.93%	14.19%	-2.70%
Free Cash Flow Per Share	3.63	2.68	1.73	0.91	-0.15
Levered Free Cash Flow	-100.66	221.52	140.09	106.39	-
Unlevered Free Cash Flow	-97.56	224.94	141.64	107.28	-
Free Cash Flow After Leases	418.57	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	5.46	5.46	4.11	1.61	2.01
Cash Income Tax Paid	68.07	68.07	32.44	10.1	0.65
Change in Working Capital	-2.02	-74.62	37.24	29.23	13.74

Data Source: S&P Global Market Intelligence Last updated: Aug 31, 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:

Sep 12, 2026

Data Sources Report a data error