HKG:6675 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	-329.82	-351.34	-355.8
Depreciation & Amortization	11.59	11.12	9.47
Other Amortization	1.45	1.74	2.09
Loss (Gain) From Sale of Assets	-	0.18	0.01
Asset Writedown & Restructuring Costs	-	-	78.33
Loss (Gain) From Sale of Investments	-2.59	3.9	8.42
Stock-Based Compensation	2.18	2.98	3.82
Provision & Write-off of Bad Debts	0.81	0.14	-0.1
Other Operating Activities	285.93	254.63	162.35
Change in Accounts Receivable	-86.31	19.25	-47.91
Change in Inventory	-81.94	-31.67	46.23
Change in Accounts Payable	12.32	-20.49	30.99
Change in Unearned Revenue	-0.08	4.34	-
Change in Other Net Operating Assets	12.82	-31.91	0.94
Operating Cash Flow	-173.64	-137.12	-61.17
Capital Expenditures	-10.55	-8.54	-6.25
Sale of Property, Plant & Equipment	0.08	-	-
Investment in Securities	227.24	-35.3	-254.73
Investing Cash Flow	216.78	-43.84	-260.98
Short-Term Debt Issued	80.67	12.01	5
Total Debt Issued	80.67	12.01	5
Short-Term Debt Repaid	-12.3	-	-111
Long-Term Debt Repaid	-5	-4.58	-4.16
Total Debt Repaid	-17.3	-4.58	-115.15
Net Debt Issued (Repaid)	63.37	7.43	-110.15
Issuance of Common Stock	-	134.02	407.9
Other Financing Activities	5.75	29.8	-0.32
Financing Cash Flow	69.12	171.24	297.43
Net Cash Flow	112.26	-9.72	-24.72
Free Cash Flow	-184.18	-145.66	-67.42
Free Cash Flow Margin	-38.54%	-41.91%	-30.17%
Free Cash Flow Per Share	-0.57	-	-
Cash Interest Paid	0.16	0.2	0.32
Cash Income Tax Paid	-	-	0.82
Levered Free Cash Flow	-197.75	-84.53	-
Unlevered Free Cash Flow	-197.25	-84.35	-
Change in Working Capital	-143.19	-60.48	30.24