HKG:8049 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	198.88	184.25	148.21	193.57	143.28
Depreciation & Amortization	28.34	27.14	27.56	33.6	28.88
Loss (Gain) From Sale of Assets	-0.37	0.06	0.06	15.59	-
Asset Writedown & Restructuring Costs	4.04	-0.46	5.74	-	0.01
Loss (Gain) From Sale of Investments	-5.79	-5.34	-5.43	-4.52	-3.4
Provision & Write-off of Bad Debts	-8.56	29.72	0.72	5.99	-1.52
Other Operating Activities	-8.86	-67.35	-13.29	-57.88	13.16
Change in Accounts Receivable	41.18	-41.43	22.65	-51.45	14.56
Change in Inventory	-24.26	42.13	20.41	-51.71	-13.94
Change in Accounts Payable	-1.59	-7.04	4.9	14.35	5.2
Change in Unearned Revenue	6.53	5.91	-8.61	8.73	7.66
Change in Other Net Operating Assets	83.71	52.06	113.02	97.73	21.21
Operating Cash Flow	313.24	219.65	315.95	203.99	215.09
Operating Cash Flow Growth	42.61%	-30.48%	54.88%	-5.16%	42.23%
Capital Expenditures	-12.45	-11.02	-31.84	-11.32	-92.84
Sale of Property, Plant & Equipment	0.07	0.3	0.02	-	12.45
Cash Acquisitions	-	-	-	-	0.8
Investment in Securities	-219.94	-304.39	134.89	-112.02	-90.04
Other Investing Activities	3.14	4.18	5.97	5.37	9.01
Investing Cash Flow	-229.19	-310.93	109.04	-117.97	-160.61
Long-Term Debt Issued	-	-	80	-	-
Long-Term Debt Repaid	-72	-8	-	-	-
Net Debt Issued (Repaid)	-72	-8	80	-	-
Other Financing Activities	13.8	17.94	17.22	0.5	1.16
Financing Cash Flow	-176.8	-25.01	-186.45	-27.71	-25.2
Net Cash Flow	-92.75	-116.29	238.54	58.31	29.28
Free Cash Flow	300.8	208.63	284.11	192.68	122.26
Free Cash Flow Growth	44.18%	-26.57%	47.45%	57.60%	133.03%
Free Cash Flow Margin	33.35%	23.68%	33.76%	22.89%	17.33%
Free Cash Flow Per Share	0.54	0.37	0.51	0.34	0.22
Cash Interest Paid	1.39	2.03	0.52	0.47	0.34
Cash Income Tax Paid	44.96	42.61	60.47	37.29	24.72
Levered Free Cash Flow	284.83	229.25	273.09	135.48	114.8
Unlevered Free Cash Flow	285.69	230.52	273.41	135.77	115.02
Change in Working Capital	105.57	51.63	152.36	17.65	34.68

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