HKG:6668 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	142.63	154.47	171.1	154.28	184.92
Depreciation & Amortization	46.77	46.69	46.54	27.36	7.33
Loss (Gain) From Sale of Assets	0.13	0	-0.42	-0.02	0.02
Loss (Gain) From Sale of Investments	-0.01	0.12	-1.14	-0.03	0.92
Loss (Gain) on Equity Investments	-	0.07	16.08	20.87	1.98
Stock-Based Compensation	1.24	0.82	1.01	-	-
Provision & Write-off of Bad Debts	8.03	1.15	-9.48	21.42	-
Other Operating Activities	-14.27	-22.95	-2.91	-34.08	-4.35
Change in Accounts Receivable	0.08	-16.97	27.58	-30.88	-18.58
Change in Accounts Payable	-1.77	3.31	53.3	-3.33	10.19
Change in Unearned Revenue	0.72	-0.46	-3.51	7.89	8
Change in Other Net Operating Assets	-9.77	1.96	1.21	-1.53	-0.97
Operating Cash Flow	173.77	168.22	299.34	161.93	199.76
Operating Cash Flow Growth	3.30%	-43.80%	84.86%	-18.94%	49.45%
Capital Expenditures	-0.52	-0.54	-1.3	-4.09	-17.21
Sale of Property, Plant & Equipment	0.09	0	0.18	0.17	-
Divestitures	-	-	-3.05	2.11	-
Sale (Purchase) of Real Estate	-70.46	-71.53	-53.37	-70.58	-
Investment in Securities	-156.01	208.09	-89.25	42.6	-620.41
Other Investing Activities	3.55	54.31	-5.8	29.62	-29.5
Investing Cash Flow	-223.34	190.34	-152.6	-4.22	-667.12
Short-Term Debt Repaid	-	-	-	-	-1.44
Long-Term Debt Repaid	-22	-28.06	-14.77	-9.53	-4.68
Total Debt Repaid	-22	-28.06	-14.77	-9.53	-6.12
Net Debt Issued (Repaid)	-22	-28.06	-14.77	-9.53	-6.12
Issuance of Common Stock	-	-	-	-	873.64
Repurchase of Common Stock	-0.11	-0.58	-4.91	-2.75	-5.97
Common Dividends Paid	-123.17	-164.59	-64.8	-118.25	-37.93
Other Financing Activities	-3.16	-1.64	-1.24	12.36	-38.93
Financing Cash Flow	-148.44	-194.87	-85.72	-118.17	772.05
Net Cash Flow	-198	163.69	61.03	39.54	304.69
Free Cash Flow	173.26	167.68	298.04	157.84	182.55
Free Cash Flow Growth	3.33%	-43.74%	88.83%	-13.54%	38.50%
Free Cash Flow Margin	29.72%	26.02%	46.94%	28.09%	31.90%
Free Cash Flow Per Share	0.17	0.17	0.29	0.15	0.18
Cash Interest Paid	3.16	1.63	1.21	1.17	3.87
Cash Income Tax Paid	58.24	63.71	70.83	75.14	56.86
Levered Free Cash Flow	116.78	138.8	266.56	166.41	144.08
Unlevered Free Cash Flow	139.95	161.57	290.48	181	146.49
Change in Working Capital	-10.74	-12.16	78.57	-27.86	-1.36

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