Binhai Investment Company Limited (HKG:2886)
Hong Kong · Delayed Price · Currency is HKD 1.105
-0.035 (-3.07%)
Sep 7, 2026, 2:18 PM HKT
Binhai Investment Company Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 226.13 | 206.15 | 184.79 | 232.93 | 288.22 | 325.59 |
Depreciation & Amortization | 222.61 | 216.72 | 201.68 | 198.39 | 176.29 | 154.26 |
Other Amortization | 3.1 | 3.1 | 2.51 | 2.89 | 1.99 | 1.17 |
Loss (Gain) From Sale of Assets | -0.5 | -0.5 | 0.39 | -0.02 | -24.59 | 0.44 |
Asset Writedown & Restructuring Costs | 12.89 | 12.89 | 10.88 | 15.22 | -12.38 | 7.95 |
Loss (Gain) From Sale of Investments | - | - | 5.3 | - | - | -5.95 |
Loss (Gain) on Equity Investments | -15.67 | -15.67 | -13.51 | -9.78 | -6.18 | -6.92 |
Stock-Based Compensation | 2.14 | 2.14 | 4.54 | 4.62 | 2.39 | 3.01 |
Provision & Write-off of Bad Debts | 10.44 | 10.44 | 11.15 | 15.93 | -27.18 | 20.55 |
Other Operating Activities | -57.13 | -10.67 | 117.81 | 184.64 | 124.34 | 70.55 |
Change in Accounts Receivable | 47.8 | 47.8 | 34.74 | -32.5 | 45.16 | -39.27 |
Change in Inventory | -8.4 | -8.4 | 6.57 | 25.03 | -4.96 | 5.34 |
Change in Accounts Payable | 122.24 | 122.24 | -36.06 | 74.3 | -95.09 | -22.69 |
Change in Unearned Revenue | 90.87 | 90.87 | -107.36 | -37.51 | -4.94 | 20.67 |
Change in Other Net Operating Assets | -73.78 | -73.78 | 114.67 | 81.41 | -153.25 | -138.64 |
Operating Cash Flow | 582.75 | 603.33 | 538.11 | 755.56 | 309.82 | 396.06 |
Operating Cash Flow Growth | 12.76% | 12.12% | -28.78% | 143.87% | -21.77% | -39.10% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -447.6 | -445.79 | -366.7 | -515.44 | -562.44 | -562.87 |
Sale of Property, Plant & Equipment | 68.44 | 68.3 | 47.37 | 29.51 | 48.22 | 7.68 |
Cash Acquisitions | - | - | - | -27.32 | - | - |
Divestitures | 1.75 | - | 10.08 | - | 2.97 | - |
Sale (Purchase) of Intangibles | -13.3 | -3.11 | -2.78 | -2.66 | -9.75 | -4.91 |
Investment in Securities | -61.62 | -16.55 | 84.19 | -165.25 | -158.84 | 147.35 |
Other Investing Activities | 19.9 | 2.88 | 19.99 | 148.47 | -29.96 | -86.96 |
Investing Cash Flow | -432.43 | -394.27 | -207.85 | -532.7 | -709.79 | -499.71 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | - | - | 303.79 | - | - |
Long-Term Debt Issued | - | 1,546 | 1,313 | 1,526 | 1,815 | 1,692 |
Total Debt Issued | 2,436 | 1,546 | 1,313 | 1,830 | 1,815 | 1,692 |
Short-Term Debt Repaid | - | -200 | - | -607.57 | -31.21 | - |
Long-Term Debt Repaid | - | -1,550 | -1,781 | -1,179 | -983.63 | -1,121 |
Lease Payments | -13.36 | -11.88 | -11.31 | -11.87 | -10.36 | -7.57 |
Total Debt Repaid | -2,540 | -1,750 | -1,781 | -1,787 | -1,015 | -1,121 |
Net Debt Issued (Repaid) | -103.99 | -204.32 | -467.36 | 43.02 | 800.03 | 571.34 |
Issuance of Common Stock | - | - | - | 1.48 | - | - |
Repurchase of Common Stock | -7.63 | -4.92 | -6.68 | - | - | - |
Common Dividends Paid | -98.64 | -95.59 | -58.14 | -122.73 | -107.64 | -87.02 |
Other Financing Activities | -90.51 | -102.23 | -171.78 | -108.36 | -93.42 | -81.2 |
Financing Cash Flow | -300.78 | -407.06 | -703.96 | -229.24 | 545.89 | 362.39 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | - | - | - | -27.11 | -54.75 | 13.73 |
Net Cash Flow | -150.47 | -198 | -373.69 | -33.48 | 91.17 | 272.46 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 135.15 | 157.55 | 171.41 | 240.12 | -252.62 | -166.81 |
Free Cash Flow Growth | -45.24% | -8.09% | -28.62% | - | - | - |
Free Cash Flow Margin | 2.32% | 2.81% | 2.95% | 4.13% | -4.68% | -4.23% |
Free Cash Flow Per Share | 0.10 | 0.12 | 0.13 | 0.18 | -0.19 | -0.12 |
Levered Free Cash Flow | 80.87 | 121.02 | -38.3 | 25.63 | -522.11 | -377.25 |
Unlevered Free Cash Flow | 121.53 | 168 | 41.81 | 118.11 | -457.48 | -323.98 |
Free Cash Flow After Leases | 121.79 | 145.67 | 160.1 | 228.25 | -262.98 | -174.38 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 50.52 | 62.39 | 116.04 | 122.77 | 87.68 | 81.2 |
Cash Income Tax Paid | 82.86 | 83.4 | 78.93 | 55.77 | 78.53 | 64.74 |
Change in Working Capital | 178.73 | 178.73 | 12.56 | 110.73 | -213.09 | -174.59 |