HKG:8502 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	54.78	65.62	59.14	64.09	57.21	44.58
Depreciation & Amortization	25.01	24.62	23.36	23.4	27.39	26.44
Loss (Gain) From Sale of Assets	0.06	0.06	-0.18	-0.02	-0.13	-
Asset Writedown & Restructuring Costs	1.29	1.29	-0.82	-0.78	-2.93	-1.19
Provision & Write-off of Bad Debts	0	0	-	-	-	-
Other Operating Activities	1.15	16.31	9.36	18.8	24.02	21.13
Change in Accounts Receivable	-3.3	-3.3	0.59	-0.73	-3.33	1.24
Change in Inventory	-0	-0	-0.58	-0.38	0.11	-0.41
Change in Accounts Payable	-1.23	-1.23	-2.6	0.63	0.66	-0.78
Change in Unearned Revenue	-15.9	-15.9	-1.07	-6.09	2.45	15.87
Change in Other Net Operating Assets	-2.05	-2.05	5.78	2.31	21.65	9.5
Operating Cash Flow	51.27	76.89	89.54	100.06	129.78	124.14
Operating Cash Flow Growth	-46.98%	-14.13%	-10.52%	-22.90%	4.54%	13.43%
Capital Expenditures	-5.74	-5.74	-5.05	-14.37	-20.27	-36.18
Sale of Property, Plant & Equipment	1.04	1.04	0.5	0.04	-	-
Sale (Purchase) of Real Estate	0.33	0.33	-14.88	-0.54	-7.84	-18.68
Investment in Securities	-163.96	-163.96	-5.39	-50.33	-	3.37
Other Investing Activities	148.96	8.68	41.43	4.79	2.8	0.86
Investing Cash Flow	-19.37	-159.65	16.62	-60.41	-25.31	-50.63
Long-Term Debt Repaid	-	-0.5	-0.48	-0.45	-0.41	-34.6
Total Debt Repaid	-0.5	-0.5	-0.48	-0.45	-0.41	-34.6
Net Debt Issued (Repaid)	-0.5	-0.5	-0.48	-0.45	-0.41	-34.6
Common Dividends Paid	-	-	-43.81	-	-	-
Other Financing Activities	8.07	9.92	-16.06	-16.89	4.56	-0.56
Financing Cash Flow	7.57	9.42	-60.35	-17.33	4.15	-35.15
Net Cash Flow	39.47	-73.35	45.8	22.31	108.63	38.36
Free Cash Flow	45.53	71.14	84.49	85.69	109.51	87.97
Free Cash Flow Growth	-50.33%	-15.80%	-1.40%	-21.76%	24.50%	134.22%
Free Cash Flow Margin	26.80%	40.18%	48.67%	45.73%	66.04%	58.45%
Free Cash Flow Per Share	0.06	0.09	0.11	0.11	0.14	0.11
Cash Interest Paid	0.08	0.08	0.01	0.04	0.07	0.56
Cash Income Tax Paid	13.51	13.51	22.64	19.16	9.4	8.35
Levered Free Cash Flow	63.07	66.44	68.13	66.4	84.2	40.76
Unlevered Free Cash Flow	63.11	66.49	68.14	66.42	84.24	41.1
Change in Working Capital	-31.01	-31.01	-1.32	-5.44	24.23	33.19

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