HKG:6106 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-47.07	-42.31	-47.7
Depreciation & Amortization	8.85	8.33	9.01
Other Amortization	0.24	0.18	0.2
Loss (Gain) From Sale of Assets	0.03	-0	0.1
Stock-Based Compensation	28.8	31.68	26.8
Provision & Write-off of Bad Debts	10.58	1.93	0.62
Other Operating Activities	4.23	3.59	2.78
Change in Accounts Receivable	-71.17	-57.16	-17.5
Change in Inventory	-13.5	-12.25	7.6
Change in Accounts Payable	55.17	32.09	17.86
Change in Unearned Revenue	-9.1	0.92	-0.61
Change in Other Net Operating Assets	4.29	4.49	16.39
Operating Cash Flow	-27.8	-24.96	10.32
Capital Expenditures	-3.79	-2.53	-4.12
Sale of Property, Plant & Equipment	-	0.94	0.24
Sale (Purchase) of Intangibles	-1.01	-	-0.07
Investment in Securities	-14.76	-1.65	0.33
Investing Cash Flow	-19.56	-3.24	-3.62
Long-Term Debt Issued	122	82.25	46.28
Long-Term Debt Repaid	-77.58	-60.12	-32.23
Net Debt Issued (Repaid)	44.42	22.13	14.06
Issuance of Common Stock	69.12	0.25	0.91
Other Financing Activities	-4.07	-1.42	-1.67
Financing Cash Flow	109.47	20.96	13.29
Foreign Exchange Rate Adjustments	-1.03	0.41	0.16
Net Cash Flow	61.08	-6.82	20.16
Free Cash Flow	-31.59	-27.49	6.2
Free Cash Flow Margin	-7.15%	-8.10%	2.49%
Free Cash Flow Per Share	-0.32	-0.30	0.07
Cash Interest Paid	2.35	1.42	0.72
Cash Income Tax Paid	0.43	1.51	0.13
Levered Free Cash Flow	-28	-21.04	-
Unlevered Free Cash Flow	-26.05	-19.69	-
Change in Working Capital	-33.46	-28.35	18.51