Top Spring International Holdings Limited (HKG:3688)
Hong Kong · Delayed Price · Currency is HKD 0.1600
-0.0010 (-0.62%)
Sep 30, 2026, 9:39 AM HKT
HKG:3688 Cash Flow Statement
Financials in millions HKD. Fiscal year is January - December.
Millions HKD. 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 | -2,630 | -2,905 | -1,833 | -876.89 | -185.1 | 33.43 |
Depreciation & Amortization | 9.55 | 11.09 | 19.3 | 19.5 | 24.56 | 34.88 |
Loss (Gain) From Sale of Assets | -1.83 | -1.83 | 56.16 | -11.3 | -8.18 | -4.38 |
Asset Writedown & Restructuring Costs | 847.77 | 847.77 | 1,196 | -14.38 | 23.02 | -202.34 |
Loss (Gain) From Sale of Investments | 1,090 | 1,090 | 8.37 | 102.08 | 98.34 | -29.22 |
Loss (Gain) on Equity Investments | -0.27 | -0.27 | 4.15 | 57.62 | -61.18 | 9.39 |
Provision & Write-off of Bad Debts | 161.17 | 161.17 | -2.07 | 85.23 | 34.84 | 9.48 |
Other Operating Activities | -230.24 | 586.03 | 372.14 | 836.3 | 2,740 | 43.65 |
Change in Accounts Receivable | -178.22 | -178.22 | 449.14 | 210.47 | -44.81 | -129.82 |
Change in Inventory | 1,451 | 1,451 | 711.7 | - | - | -657.27 |
Change in Accounts Payable | -875.72 | -875.72 | -549.25 | -144.29 | -641.69 | 60.17 |
Change in Unearned Revenue | -92.67 | -92.67 | 17.38 | 51.99 | -1,742 | 1,097 |
Change in Other Net Operating Assets | 10.17 | 10.17 | 96.81 | 35.92 | 6.52 | -43.11 |
Operating Cash Flow | -439.74 | 102.94 | 547.12 | 352.24 | 244.43 | 221.65 |
Operating Cash Flow Growth | - | -81.19% | 55.33% | 44.11% | 10.28% | - |
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 | -4.64 | - | -8.49 | -3.06 | -3.94 | -9.13 |
Sale of Property, Plant & Equipment | 4.25 | 4.25 | 9.19 | 2.26 | 0.19 | 0.38 |
Cash Acquisitions | - | - | - | - | -18.69 | -48.65 |
Divestitures | - | - | - | 32.26 | 23.32 | 499.52 |
Sale (Purchase) of Real Estate | -248.42 | 1.01 | 28.58 | 5.92 | - | - |
Investment in Securities | -47.78 | -1.63 | 62.35 | 7.21 | 887.96 | -523.14 |
Other Investing Activities | 33.21 | 37.31 | 38.11 | 87.77 | 335.15 | 385.28 |
Investing Cash Flow | -263.39 | 40.95 | 129.72 | 142.26 | 1,271 | 304.26 |
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 | - | 19.98 | 38.08 | - | - | 30.66 |
Long-Term Debt Issued | - | 244.63 | 1,705 | 1,142 | 3,472 | 3,421 |
Total Debt Issued | 143.63 | 264.61 | 1,743 | 1,142 | 3,472 | 3,452 |
Short-Term Debt Repaid | - | - | - | -13.94 | -324.72 | - |
Long-Term Debt Repaid | - | -1,312 | -2,383 | -1,447 | -5,301 | -4,174 |
Lease Payments | -5.53 | -5.21 | -4.51 | -9.24 | -12.78 | -23.89 |
Total Debt Repaid | -416.98 | -1,312 | -2,383 | -1,461 | -5,626 | -4,174 |
Net Debt Issued (Repaid) | -273.34 | -1,047 | -640.28 | -318.53 | -2,154 | -722.62 |
Common Dividends Paid | - | - | - | -15.29 | -15.32 | -107.05 |
Other Financing Activities | 1,038 | 1,034 | -313.35 | -51.85 | 178.77 | -304.11 |
Financing Cash Flow | 764.74 | -13.32 | -953.63 | -385.67 | -1,990 | -1,134 |
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 | 40.12 | 13.52 | -11.55 | -23.61 | -22.31 | 32.03 |
Net Cash Flow | 101.73 | 144.08 | -288.33 | 85.22 | -497.37 | -575.85 |
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 | -444.38 | 102.94 | 538.63 | 349.18 | 240.49 | 212.52 |
Free Cash Flow Growth | - | -80.89% | 54.25% | 45.20% | 13.16% | - |
Free Cash Flow Margin | -44.08% | 7.57% | 39.34% | 36.59% | 6.56% | 33.26% |
Free Cash Flow Per Share | -0.29 | 0.07 | 0.35 | 0.23 | 0.16 | 0.14 |
Levered Free Cash Flow | 1,242 | 2,106 | 108.12 | 805.37 | 1,416 | 1,924 |
Unlevered Free Cash Flow | 1,374 | 2,212 | 283.49 | 995.5 | 1,602 | 2,102 |
Free Cash Flow After Leases | -449.91 | 97.73 | 534.12 | 339.95 | 227.72 | 188.63 |
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 | 205.6 | 212.29 | 432.15 | 473.43 | 518.96 | 591.11 |
Cash Income Tax Paid | - | 15 | 40.64 | 72.85 | 62.25 | 81.84 |
Change in Working Capital | 314.35 | 314.35 | 725.78 | 154.09 | -2,422 | 326.76 |