HKG:2697 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	-90.11	-92.16	-94.93
Depreciation & Amortization	13.5	12.57	9.58
Other Amortization	0.11	0.09	-
Loss (Gain) From Sale of Assets	-	0.07	-
Asset Writedown & Restructuring Costs	-	-	0
Loss (Gain) From Sale of Investments	0.12	0.03	-
Loss (Gain) on Equity Investments	0.16	-	-
Other Operating Activities	-1.97	-0.13	-1.12
Change in Accounts Receivable	-5.28	-	-
Change in Inventory	-18.95	-13.51	1.71
Change in Accounts Payable	1.9	0.83	-2.64
Change in Unearned Revenue	10.11	0.6	-0.68
Change in Other Net Operating Assets	-1.48	-5.43	4.11
Operating Cash Flow	-91.9	-97.05	-83.97
Capital Expenditures	-3.05	-7.87	-13.27
Sale of Property, Plant & Equipment	-	0.64	-
Sale (Purchase) of Intangibles	-0.22	-0.12	-
Investment in Securities	1.98	0.7	12.62
Other Investing Activities	-1	-	-
Investing Cash Flow	-2.29	-6.66	-0.66
Short-Term Debt Issued	-	3.17	4.9
Total Debt Issued	-	3.17	4.9
Short-Term Debt Repaid	-1.17	-2	-4.9
Long-Term Debt Repaid	-7.18	-7.91	-6.99
Total Debt Repaid	-8.35	-9.91	-11.89
Net Debt Issued (Repaid)	-8.35	-6.74	-6.99
Issuance of Common Stock	204.34	71.88	146.63
Other Financing Activities	-3.18	-0.01	-0.02
Financing Cash Flow	192.82	65.13	139.62
Foreign Exchange Rate Adjustments	-0.15	-0.01	-
Net Cash Flow	98.49	-38.58	55
Free Cash Flow	-94.94	-104.91	-97.24
Free Cash Flow Margin	-779.60%	-5857.79%	-4225.99%
Free Cash Flow Per Share	-3.11	-4.35	-4.50
Cash Interest Paid	0.09	0.01	0.02
Cash Income Tax Paid	0	0	-
Levered Free Cash Flow	-92.88	-87.98	-
Unlevered Free Cash Flow	-92.63	-87.61	-
Change in Working Capital	-13.7	-17.52	2.5