HKG:6136 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	237.26	168	124.75	235.68	412.75
Depreciation & Amortization	116.13	126.21	94.7	86.1	72.28
Other Amortization	17.76	6.8	2.59	2.58	17.3
Loss (Gain) From Sale of Assets	30.44	0.01	0.03	1.4	4.31
Asset Writedown & Restructuring Costs	-	-	-	-	1.89
Loss (Gain) From Sale of Investments	3.34	-	5.78	-	-
Loss (Gain) on Equity Investments	3.48	2.09	-4.37	1.04	2.42
Stock-Based Compensation	3.57	5.14	-	-	-
Provision & Write-off of Bad Debts	-4.76	19.58	30.5	35.53	27.37
Other Operating Activities	507.85	552.68	631.86	697.61	640.6
Change in Accounts Receivable	-313.81	-33.28	56.61	-714.48	32.59
Change in Inventory	1.98	0.56	-0.61	-0.42	-2.33
Change in Accounts Payable	185.78	-67.64	-220.39	138.53	16.42
Change in Unearned Revenue	29.39	-30.63	-1.93	-7.03	14.37
Change in Other Net Operating Assets	-220.6	-392.98	-427.43	-108.06	-920.25
Operating Cash Flow	681.14	403.14	292.92	368.41	320.17
Operating Cash Flow Growth	68.96%	37.63%	-20.49%	15.07%	31.36%
Capital Expenditures	-1.21	-0.89	-0.71	-0.46	-1.06
Sale of Property, Plant & Equipment	0.68	0.35	0.55	0.14	0.45
Cash Acquisitions	-	-	-	-0.28	-
Divestitures	36.63	19.21	-	-0.12	13.53
Sale (Purchase) of Intangibles	14.41	-51.21	-60.41	-79.07	-148.4
Investment in Securities	-	144.89	-	-1.8	-1.8
Other Investing Activities	-43.4	37.08	56.87	163.57	15.21
Investing Cash Flow	7.3	151.77	12.8	101.98	-122.08
Long-Term Debt Issued	5,979	5,707	5,309	5,483	4,711
Long-Term Debt Repaid	-6,221	-5,839	-5,073	-5,500	-4,484
Net Debt Issued (Repaid)	-242.19	-132.18	235.44	-17.24	226.29
Issuance of Common Stock	45.75	-	-	-	-
Other Financing Activities	-410.09	-493.85	-492.55	-545.79	-564.17
Financing Cash Flow	-606.54	-626.02	-257.11	-563.03	-337.88
Foreign Exchange Rate Adjustments	-0.05	-0.15	2.8	-0.32	-0.57
Net Cash Flow	81.86	-71.26	51.42	-92.96	-140.36
Free Cash Flow	679.93	402.25	292.21	367.95	319.11
Free Cash Flow Growth	69.03%	37.66%	-20.58%	15.31%	31.60%
Free Cash Flow Margin	28.02%	17.79%	13.18%	12.70%	10.93%
Free Cash Flow Per Share	0.31	0.19	0.14	0.17	0.15
Cash Interest Paid	409.6	477.74	478.95	545.79	553.67
Cash Income Tax Paid	35.31	27.55	24.8	35.99	27.8
Levered Free Cash Flow	109.35	-212.35	-703.4	65.92	-374.52
Unlevered Free Cash Flow	388.61	127.78	-341.7	419.81	-20.96
Change in Working Capital	-317.26	-523.97	-593.76	-691.45	-859.21

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.