HKG:2672 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-46.67	-27.71	-17.18
Depreciation & Amortization	2.53	2.7	2.49
Other Amortization	0.07	0.02	0.02
Loss (Gain) From Sale of Assets	-0.35	-0.13	-0.05
Loss (Gain) From Sale of Investments	1.99	-0.4	1.74
Stock-Based Compensation	15.89	5.95	2.39
Other Operating Activities	9.17	6.85	0.41
Change in Accounts Receivable	0.98	-4.22	-8.05
Change in Accounts Payable	40.97	4.1	24.88
Change in Other Net Operating Assets	-4.44	5.82	-0.62
Operating Cash Flow	20.14	-7.03	6.04
Capital Expenditures	-1.32	-1.13	-1.58
Sale of Property, Plant & Equipment	0.04	-	-
Sale (Purchase) of Intangibles	-0.13	-	-0.03
Investment in Securities	20	-25	5.05
Other Investing Activities	2.21	1.51	1.1
Investing Cash Flow	20.79	-24.62	4.54
Short-Term Debt Issued	5	21.5	-
Total Debt Issued	5	21.5	-
Short-Term Debt Repaid	-21.5	-	-
Long-Term Debt Repaid	-1.79	-2.66	-3.35
Total Debt Repaid	-23.29	-2.66	-3.35
Net Debt Issued (Repaid)	-18.29	18.84	-3.35
Issuance of Common Stock	9.3	39.25	17
Other Financing Activities	-2.11	-2.36	-
Financing Cash Flow	-11.1	55.73	13.65
Net Cash Flow	29.83	24.08	24.23
Free Cash Flow	18.82	-8.15	4.45
Free Cash Flow Margin	1.53%	-0.89%	0.68%
Free Cash Flow Per Share	0.26	-0.12	0.06
Cash Interest Paid	0.15	0.12	-
Cash Income Tax Paid	0.08	0.44	0.19
Levered Free Cash Flow	26.34	-16.27	-
Unlevered Free Cash Flow	33.54	-10.98	-
Change in Working Capital	37.5	5.7	16.22