HKG:6868 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	138.88	213.24	206.45	359.48
Depreciation & Amortization	161.54	161.51	159.58	149.25
Other Amortization	1.01	1.34	0.84	0.93
Loss (Gain) From Sale of Assets	0.24	1.3	1.12	0.98
Asset Writedown & Restructuring Costs	-1.4	-0.89	0.63	-0.06
Loss (Gain) From Sale of Investments	-0.17	0.82	1.04	-0.08
Loss (Gain) on Equity Investments	-0.12	-8.18	-4.92	-2.76
Other Operating Activities	-4.71	9.38	-7.82	2.04
Change in Accounts Receivable	-16.59	53.5	69.05	-48.42
Change in Inventory	55.76	47.41	-1.49	-149.89
Change in Accounts Payable	-45.96	6.54	-17.64	-1.7
Change in Unearned Revenue	-7.77	2.88	-1.53	-1.19
Operating Cash Flow	280.71	488.85	405.29	308.58
Operating Cash Flow Growth	-42.58%	20.62%	31.34%	1.26%
Capital Expenditures	-77.08	-74.32	-97.51	-96.6
Sale of Property, Plant & Equipment	2.89	2.57	2.95	1.68
Cash Acquisitions	-	-	-92.18	2.18
Sale (Purchase) of Intangibles	-0.04	-0.1	-2.03	-0.49
Investment in Securities	52.28	-58	130	-3.92
Other Investing Activities	12.54	0.71	19.83	-16.99
Investing Cash Flow	-9.42	-129.15	-38.93	-114.14
Long-Term Debt Issued	715	944.06	1,681	1,088
Long-Term Debt Repaid	-737.17	-1,180	-1,685	-1,128
Total Debt Repaid	-737.17	-1,180	-1,685	-1,128
Net Debt Issued (Repaid)	-22.17	-235.78	-3.78	-39.94
Repurchase of Common Stock	-8.64	-21.28	-13.83	-22.46
Common Dividends Paid	-150.52	-176.31	-255.38	-255.73
Other Financing Activities	-24.88	-1.8	-	4
Financing Cash Flow	-206.21	-435.17	-272.98	-314.12
Foreign Exchange Rate Adjustments	0.28	2.15	16.69	-2.94
Net Cash Flow	65.37	-73.32	110.06	-122.62
Free Cash Flow	203.63	414.53	307.78	211.99
Free Cash Flow Growth	-50.88%	34.68%	45.19%	-19.17%
Free Cash Flow Margin	13.03%	23.91%	17.94%	11.01%
Free Cash Flow Per Share	0.19	0.38	0.28	0.19
Cash Interest Paid	16.45	18.2	22.47	18.08
Cash Income Tax Paid	67.24	71.91	75.2	146.05
Levered Free Cash Flow	153.92	371.09	192.02	246.06
Unlevered Free Cash Flow	168.39	387.29	210.55	262.29
Change in Working Capital	-14.55	110.34	48.38	-201.2

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