HKG:3773 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	28.68	31.94	16.35	27.27	26.48
Depreciation & Amortization	2.21	2.17	2.37	2.48	2.25
Loss (Gain) From Sale of Assets	-0	-0.36	-0.18	-	-
Asset Writedown & Restructuring Costs	-	-	-	0.22	0.07
Provision & Write-off of Bad Debts	-0.39	1.32	0.07	0.17	-0.06
Other Operating Activities	6.2	-6.3	3.33	0.72	5.25
Change in Accounts Receivable	74.58	-103.37	60.98	-75.08	20.52
Change in Inventory	6.56	-3.35	-3.14	14.13	-8.76
Change in Accounts Payable	15.56	17.23	5.4	-1.41	2.7
Change in Other Net Operating Assets	1.25	-63.01	31.96	-2	-115.49
Operating Cash Flow	134.65	-123.72	117.15	-33.5	-67.04
Capital Expenditures	-0.41	-1.45	-1.46	-3.09	-1.4
Sale of Property, Plant & Equipment	0	0.49	0.18	0.03	0.01
Investment in Securities	-19	-	-	-	-
Other Investing Activities	2.21	-1.78	0.82	2.07	0.94
Investing Cash Flow	-17.2	-2.75	-0.46	-0.98	-0.45
Short-Term Debt Issued	-	-	230	110	-
Long-Term Debt Issued	138	186	-	-	-
Total Debt Issued	138	186	230	110	-
Short-Term Debt Repaid	-	-	-260	-50	-
Long-Term Debt Repaid	-189.77	-134.72	-0.86	-1.36	-1.39
Total Debt Repaid	-189.77	-134.72	-260.86	-51.36	-1.39
Net Debt Issued (Repaid)	-51.77	51.28	-30.86	58.64	-1.39
Other Financing Activities	-2.91	-3.63	-2.2	-1.1	-2.46
Financing Cash Flow	-54.67	47.65	-33.06	57.55	-3.85
Foreign Exchange Rate Adjustments	-0.07	-0.13	-	0.64	0.29
Net Cash Flow	62.71	-78.94	83.63	23.7	-71.06
Free Cash Flow	134.25	-125.16	115.69	-36.59	-68.44
Free Cash Flow Margin	87.66%	-99.68%	128.12%	-42.37%	-75.76%
Free Cash Flow Per Share	0.32	-0.30	0.28	-0.09	-0.17
Cash Interest Paid	2.91	3.63	2.2	1.1	2.46
Cash Income Tax Paid	1.48	16.06	6.54	6.62	1.46
Levered Free Cash Flow	126.36	-135.44	104.37	-35.49	-83.47
Unlevered Free Cash Flow	128.43	-133.44	105.75	-34.8	-81.93
Change in Working Capital	97.95	-152.5	95.2	-64.35	-101.03

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