HKG:2720 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	73.87	55.74	45.97	106.94
Depreciation & Amortization	6.81	7.78	9.01	3.73
Other Amortization	0.64	0.02	-	-
Loss (Gain) From Sale of Assets	0.01	0.03	-0.12	-
Stock-Based Compensation	-	1.35	-	-
Provision & Write-off of Bad Debts	0.16	0.12	0.27	0.07
Other Operating Activities	4.54	1.96	18.41	46.49
Change in Accounts Receivable	-13.37	-25.81	51.46	13.79
Change in Inventory	-1.04	-35.04	42.15	55.5
Change in Accounts Payable	-9.64	34.48	-75.73	59.59
Change in Unearned Revenue	-3.51	7.01	-1.42	-31.78
Operating Cash Flow	58.47	47.63	90.02	254.32
Operating Cash Flow Growth	22.77%	-47.09%	-64.61%	-
Capital Expenditures	-4.08	-2.27	-1.19	-3.23
Sale of Property, Plant & Equipment	0.02	0.07	0.32	0.06
Other Investing Activities	3.58	-6.34	-5.19	-1.85
Investing Cash Flow	-0.49	-8.54	-6.05	-5.02
Short-Term Debt Issued	-	168.33	-	-
Long-Term Debt Issued	200	100	-	-
Total Debt Issued	200	268.33	-	-
Short-Term Debt Repaid	-156.09	-17.87	-	-
Long-Term Debt Repaid	-102.52	-3.49	-4.46	-0.94
Total Debt Repaid	-258.61	-21.37	-4.46	-0.94
Net Debt Issued (Repaid)	-58.61	246.96	-4.46	-0.94
Issuance of Common Stock	-	0.36	-	20
Common Dividends Paid	-	-81.35	-67.39	-260.45
Other Financing Activities	-7.86	-166.17	-0.36	-0.17
Financing Cash Flow	-66.47	-0.2	-72.21	-241.56
Foreign Exchange Rate Adjustments	-1.48	0.14	0.75	-0.03
Net Cash Flow	-9.97	39.03	12.51	7.72
Free Cash Flow	54.39	45.35	88.83	251.09
Free Cash Flow Growth	19.92%	-48.95%	-64.62%	-
Free Cash Flow Margin	8.21%	7.91%	19.18%	30.68%
Free Cash Flow Per Share	0.54	0.45	-	-
Cash Interest Paid	5.1	0.73	0.36	0.17
Cash Income Tax Paid	23.71	25.59	7.5	-
Levered Free Cash Flow	33.58	22.89	75.69	-
Unlevered Free Cash Flow	36.8	23.4	75.92	-
Change in Working Capital	-27.56	-19.37	16.46	97.1