HKG:2693 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	36.84	52.6	43.62	24.42
Depreciation & Amortization	54.36	35.65	24.67	19.21
Loss (Gain) From Sale of Assets	-	-	-0.01	0.01
Asset Writedown & Restructuring Costs	1.17	-	-	-
Loss (Gain) From Sale of Investments	-	0.16	0.05	-1.75
Provision & Write-off of Bad Debts	0.38	-	-	-
Other Operating Activities	6.57	3.88	3.14	-1.62
Change in Accounts Receivable	-12.86	-53.35	-72.06	-1.5
Change in Inventory	-23.82	-6.06	-13.31	-1.89
Change in Accounts Payable	-6.05	-14	8.56	7.82
Change in Unearned Revenue	-	-0.53	-1.67	-0.86
Change in Other Net Operating Assets	0.04	18.29	18.98	1.77
Operating Cash Flow	58.44	36.65	11.97	45.62
Operating Cash Flow Growth	59.44%	206.16%	-73.76%	-
Capital Expenditures	-45.64	-69.55	-204.98	-164.11
Sale of Property, Plant & Equipment	-	-	0.02	-
Divestitures	-	-	-	32.8
Other Investing Activities	-2.77	-	-	-
Investing Cash Flow	-48.42	-69.55	-204.96	-131.31
Long-Term Debt Issued	17.59	131.1	177	-
Long-Term Debt Repaid	-15.65	-44	-	-
Net Debt Issued (Repaid)	1.94	87.1	177	-
Issuance of Common Stock	158.86	-	11	121.24
Common Dividends Paid	-5.7	-	-55.31	-
Other Financing Activities	-31.14	-15.08	-2.23	-
Financing Cash Flow	123.96	72.02	130.46	121.24
Foreign Exchange Rate Adjustments	-0.04	0.01	0	0.15
Net Cash Flow	133.94	39.13	-62.52	35.71
Free Cash Flow	12.79	-32.9	-193.01	-118.49
Free Cash Flow Margin	4.66%	-12.31%	-94.29%	-62.24%
Free Cash Flow Per Share	0.18	-0.45	-2.67	-2.08
Cash Interest Paid	-	6.51	1.68	-
Cash Income Tax Paid	-	6.71	4.22	4.68
Levered Free Cash Flow	34.1	10.29	-261.41	-
Unlevered Free Cash Flow	34.1	12.09	-261.39	-
Change in Working Capital	-40.88	-55.65	-59.5	5.35

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