HKG:8348 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	-34.64	5.9	29.78	29.62	33.68
Depreciation & Amortization	37.68	51.26	41.14	39.35	43.79
Loss (Gain) From Sale of Assets	1.28	0.12	0.28	0.32	0.4
Asset Writedown & Restructuring Costs	4.69	5.2	2.18	4.4	-9.51
Loss (Gain) From Sale of Investments	-	-24.37	-	-1.61	-
Loss (Gain) on Equity Investments	-11.65	-5.63	-26.67	-55.45	-34.33
Provision & Write-off of Bad Debts	1.65	-3.29	-5.21	5.78	46.54
Other Operating Activities	-9.32	15.1	-5.87	23.95	42.96
Change in Accounts Receivable	290.69	-78.06	285.94	-106.03	-41.83
Change in Inventory	3.15	28.48	-31.63	0	18.11
Change in Accounts Payable	-227.52	47.03	-216.13	-23.22	16.56
Change in Unearned Revenue	-36.82	14.08	-224.99	158.03	-20.84
Change in Other Net Operating Assets	80.58	-28.66	-	-	-
Operating Cash Flow	99.78	27.17	-151.18	75.14	95.53
Operating Cash Flow Growth	267.19%	-	-	-21.34%	-86.98%
Capital Expenditures	-3.04	-2.33	-3.42	-14.76	-15.81
Sale of Property, Plant & Equipment	4.18	0.12	0.4	0.44	0.98
Sale (Purchase) of Real Estate	-	-	-5.88	-	-
Investment in Securities	-15.64	93.12	-	-	-
Other Investing Activities	17.45	16.02	80.95	25.58	39.56
Investing Cash Flow	2.95	106.93	72.05	11.27	24.73
Short-Term Debt Issued	-	-	-	-	251.49
Long-Term Debt Issued	178.6	378.12	375.84	344.59	-
Total Debt Issued	178.6	378.12	375.84	344.59	251.49
Short-Term Debt Repaid	-	-	-	-	-349.5
Long-Term Debt Repaid	-285.44	-505.04	-331.95	-332.32	-70.42
Total Debt Repaid	-285.44	-505.04	-331.95	-332.32	-419.92
Net Debt Issued (Repaid)	-106.84	-126.92	43.9	12.26	-168.43
Repurchase of Common Stock	-0.21	-	-	-	-
Common Dividends Paid	-10.6	-7.09	-10.79	-	-
Other Financing Activities	-10.38	-26.43	-28.3	-41.8	-42.58
Financing Cash Flow	-128.03	-160.44	4.8	-29.54	-211
Net Cash Flow	-25.31	-26.34	-74.33	56.87	-90.75
Free Cash Flow	96.73	24.85	-154.6	60.39	79.72
Free Cash Flow Growth	289.35%	-	-	-24.25%	-88.74%
Free Cash Flow Margin	4.79%	0.67%	-4.24%	1.83%	2.60%
Free Cash Flow Per Share	0.27	0.07	-0.44	0.17	0.23
Cash Interest Paid	10.38	19.61	21.34	20.7	23.55
Cash Income Tax Paid	1.52	-1.08	5.55	27.01	35.8
Levered Free Cash Flow	31.3	-10	-134.59	68.07	322.59
Unlevered Free Cash Flow	37.78	2.25	-121.26	81.01	337.31
Change in Working Capital	110.08	-17.12	-186.81	28.78	-28

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