Changhong Jiahua Holdings Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. 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	400.86	379.27	360.54	365.82	413.25
Depreciation & Amortization	13.91	13.96	14.45	13.11	12.18
Other Amortization	6.2	4.93	4.9	4.93	4.4
Loss (Gain) From Sale of Assets	-	-	-0.04	-0.23	-
Loss (Gain) From Sale of Investments	-	-	-	-0.02	-3.58
Provision & Write-off of Bad Debts	70.88	33.15	71.22	43.19	61.96
Other Operating Activities	94.21	142.15	97.33	151.98	139.55
Change in Accounts Receivable	508.28	274.11	-774.52	-260.44	-1,230
Change in Inventory	-1,092	-611.51	141.36	-1,987	-483.18
Change in Accounts Payable	8,136	6,612	10,004	8,262	6,113
Change in Unearned Revenue	146.81	225.77	356.71	29.12	-146.25
Change in Other Net Operating Assets	-8,896	-10,365	-13,205	-8,741	-4,420
Operating Cash Flow	-610.98	-3,292	-2,929	-2,119	461.88
Capital Expenditures	-3.06	-1.64	-0.78	-0.81	-1.83
Sale of Property, Plant & Equipment	-	-	0.04	0.23	-
Sale (Purchase) of Intangibles	-9.02	-13.56	-5.25	-2.39	-7.06
Investment in Securities	4.19	1.67	-4.88	-0.85	-
Other Investing Activities	1,624	-624.48	191.43	-2,815	343.01
Investing Cash Flow	1,616	-638	180.56	-2,819	334.12
Short-Term Debt Issued	7,176	9,168	10,844	8,024	3,925
Long-Term Debt Issued	3,672	4,598	5,227	5,088	3,931
Total Debt Issued	10,848	13,765	16,070	13,112	7,855
Long-Term Debt Repaid	-4,056	-3,657	-5,981	-3,618	-4,998
Total Debt Repaid	-4,056	-3,657	-5,981	-3,618	-4,998
Net Debt Issued (Repaid)	6,792	10,108	10,089	9,494	2,857
Common Dividends Paid	-128.53	-128.53	-128.53	-128.53	-128.53
Other Financing Activities	-7,827	-6,550	-6,470	-4,721	-3,206
Financing Cash Flow	-1,164	3,430	3,491	4,645	-476.74
Foreign Exchange Rate Adjustments	11.79	-26.06	-9.7	-59.04	18.51
Net Cash Flow	-146.38	-526.03	732.12	-351.68	337.77
Free Cash Flow	-614.04	-3,293	-2,930	-2,120	460.05
Free Cash Flow Margin	-1.40%	-8.24%	-7.88%	-5.53%	1.03%
Free Cash Flow Per Share	-0.24	-1.28	-1.14	-0.82	0.18
Cash Interest Paid	123.68	135.6	146.45	135.59	94.69
Cash Income Tax Paid	79.25	66.24	85.82	64.05	110.38
Levered Free Cash Flow	167.28	-1,299	1,643	-1,464	915.01
Unlevered Free Cash Flow	279.03	-1,135	1,798	-1,333	1,025
Change in Working Capital	-1,197	-3,865	-3,478	-2,698	-165.87

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