HKG:6833 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	34.85	42.05	42.35	69.46	135.08
Depreciation & Amortization	25.5	24.42	16.32	11.36	6.68
Other Amortization	0.08	0.08	0	-	0.02
Loss (Gain) From Sale of Assets	-	1.14	-0.04	-	-
Loss (Gain) From Sale of Investments	-	-	-	-0.28	-0.16
Provision & Write-off of Bad Debts	7.1	-3.92	4.25	6.21	1.02
Other Operating Activities	39.4	28.64	45.97	-5.97	22.5
Change in Accounts Receivable	4.08	-71.98	-195.89	-133.87	364.07
Change in Inventory	92.78	-244.31	-19.88	-26.88	181.29
Change in Accounts Payable	21.36	55.39	444.18	-21.2	-277.39
Change in Unearned Revenue	-8.88	-12.73	-34.97	47.68	-0.06
Change in Other Net Operating Assets	-8.69	-51.65	51.41	128.57	-127.34
Operating Cash Flow	207.59	-232.88	353.7	75.08	305.71
Operating Cash Flow Growth	-	-	371.09%	-75.44%	122.66%
Capital Expenditures	-10.03	-35.16	-29.55	-52.69	-23.52
Sale of Property, Plant & Equipment	0.01	-	0.91	0.3	-
Cash Acquisitions	-	-	-	-68	-
Sale (Purchase) of Intangibles	-17.78	-17.92	-15.11	-	-
Other Investing Activities	-	0.21	-19.87	1.12	0.8
Investing Cash Flow	-27.81	-52.87	-63.63	-119.27	-22.73
Long-Term Debt Issued	298.92	361.1	180.02	180	210
Total Debt Issued	298.92	361.1	180.02	180	210
Long-Term Debt Repaid	-466.05	-306.34	-123.97	-341.45	-78.66
Total Debt Repaid	-466.05	-306.34	-123.97	-341.45	-78.66
Net Debt Issued (Repaid)	-167.13	54.76	56.05	-161.45	131.34
Issuance of Common Stock	-	-	-	159.46	75.37
Common Dividends Paid	-3.67	-7.22	-18.11	-	-
Other Financing Activities	-65.28	107.05	-227.66	37.03	-303.83
Financing Cash Flow	-236.08	154.59	-189.73	35.04	-97.11
Foreign Exchange Rate Adjustments	-2.82	1.56	8.43	12.24	-3.59
Net Cash Flow	-59.12	-129.6	108.78	3.09	182.29
Free Cash Flow	197.55	-268.04	324.15	22.39	282.19
Free Cash Flow Growth	-	-	1347.74%	-92.07%	106.09%
Free Cash Flow Margin	9.48%	-9.50%	12.76%	0.99%	13.94%
Free Cash Flow Per Share	0.10	-0.13	0.16	0.01	0.16
Cash Interest Paid	33.94	16.64	14.43	18.33	22.47
Cash Income Tax Paid	19.09	62.2	37.37	39.66	41.69
Levered Free Cash Flow	116.17	-175.42	111.78	57.81	-85.98
Unlevered Free Cash Flow	125.77	-167.57	117.91	66.44	-72.58
Change in Working Capital	100.65	-325.27	244.85	-5.7	140.57

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