HKG:2779 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	338.05	330.22	307.1	235.51	354.48
Depreciation & Amortization	57.94	51.94	62.63	64.65	60.83
Other Amortization	2.3	2.3	3.03	4.55	5.26
Loss (Gain) From Sale of Assets	0.83	-	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	0.27
Stock-Based Compensation	2.46	6.07	7.16	5.61	11.35
Other Operating Activities	-14.92	42.76	32.45	103.47	-5.67
Change in Accounts Receivable	-19.17	0.26	-13.66	-1.27	4.46
Change in Accounts Payable	-5.26	24.83	-17.78	-4.58	-17.76
Change in Unearned Revenue	11.71	22.05	10.45	21	40.56
Operating Cash Flow	373.94	480.43	391.37	428.95	453.77
Operating Cash Flow Growth	-22.17%	22.75%	-8.76%	-5.47%	12.50%
Capital Expenditures	-43.11	-26.09	-23.16	-44.61	-36.7
Sale of Property, Plant & Equipment	0.32	0.02	0.58	0.21	-
Sale (Purchase) of Intangibles	-1.17	-1.99	-3.97	-0.66	-3.33
Investment in Securities	-53.53	-503.7	-254.81	-422.91	-804.42
Investing Cash Flow	-97.49	-531.75	-281.36	-467.96	-844.45
Long-Term Debt Issued	-	95.84	97.49	68.42	543.77
Total Debt Issued	-	95.84	97.49	68.42	543.77
Long-Term Debt Repaid	-50.02	-50.02	-50.02	-50.02	-403.02
Total Debt Repaid	-50.02	-50.02	-50.02	-50.02	-403.02
Net Debt Issued (Repaid)	-50.02	45.82	47.47	18.4	140.75
Common Dividends Paid	-	-92.81	-97.3	-148.21	-96.98
Other Financing Activities	-2.4	-4.58	-7.65	-11.07	-15.42
Financing Cash Flow	-52.42	-51.56	-57.48	-140.88	28.36
Foreign Exchange Rate Adjustments	-0.03	0.03	0.04	5.07	2.93
Net Cash Flow	223.99	-102.86	52.57	-174.82	-359.39
Free Cash Flow	330.82	454.34	368.22	384.34	417.07
Free Cash Flow Growth	-27.18%	23.39%	-4.20%	-7.85%	35.93%
Free Cash Flow Margin	50.28%	70.10%	57.30%	61.45%	73.77%
Free Cash Flow Per Share	0.21	0.28	0.23	0.24	0.26
Cash Interest Paid	2.4	4.58	7.65	11.07	15.42
Cash Income Tax Paid	8.5	0.9	3.34	5.88	1.5
Levered Free Cash Flow	218	294.55	224.11	1,838	-674.11
Unlevered Free Cash Flow	225.61	302.87	233.05	1,848	-663.23
Change in Working Capital	-12.73	47.14	-21	15.16	27.26

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