HKG:2667 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	27.48	36.86	22.34	-16.3
Depreciation & Amortization	67.69	59.6	51.28	54.65
Other Amortization	5.55	4.82	3.11	2.23
Loss (Gain) From Sale of Assets	0.05	-17.01	0.02	1.01
Loss (Gain) From Sale of Investments	0.6	-0.44	0.27	-0.15
Loss (Gain) on Equity Investments	-0.1	-0.11	-2.03	-0.31
Other Operating Activities	16.23	7.79	29.26	17.69
Change in Accounts Receivable	24.45	23.67	-77.82	-6.36
Change in Inventory	-2.3	1.75	21.9	-39.68
Change in Accounts Payable	-11.56	-40.25	71.56	60.02
Change in Other Net Operating Assets	-8.19	11.11	-31.39	-48.39
Operating Cash Flow	119.91	87.79	88.49	24.42
Operating Cash Flow Growth	36.59%	-0.80%	262.41%	-
Capital Expenditures	-17.04	-11.94	-23.82	-31.8
Sale of Property, Plant & Equipment	0.02	-	0.03	-
Cash Acquisitions	-9.1	-84.41	-9.47	-75.02
Divestitures	-	-0.72	-	-
Sale (Purchase) of Intangibles	-5.26	-6.05	-8.14	-4.86
Investment in Securities	-56	0.79	-	-19.38
Other Investing Activities	5.44	-	4.9	-
Investing Cash Flow	-81.95	-102.32	-36.5	-131.06
Long-Term Debt Issued	67.08	111.3	5.68	132.63
Long-Term Debt Repaid	-101.61	-113.6	-53.73	-31.54
Net Debt Issued (Repaid)	-34.53	-2.3	-48.05	101.09
Issuance of Common Stock	-	67.5	-	100
Common Dividends Paid	-10.99	-16.95	-25.54	-
Other Financing Activities	-1.48	-30.02	-11.53	-69.28
Financing Cash Flow	-46.99	18.23	-85.12	131.81
Net Cash Flow	-9.03	3.7	-33.13	25.16
Free Cash Flow	102.87	75.85	64.68	-7.39
Free Cash Flow Growth	35.61%	17.28%	-	-
Free Cash Flow Margin	8.78%	6.46%	5.61%	-0.81%
Free Cash Flow Per Share	0.29	0.22	0.22	-0.03
Cash Income Tax Paid	18.52	23.23	22.64	9.68
Levered Free Cash Flow	76.47	12.26	25.15	-
Unlevered Free Cash Flow	84.58	21.18	32.21	-
Change in Working Capital	2.4	-3.72	-15.75	-34.42