HKG:8502 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	52.18	65.62	59.14	64.09	57.21
Depreciation & Amortization	24.63	24.62	23.36	23.4	27.39
Loss (Gain) From Sale of Assets	0.22	0.06	-0.18	-0.02	-0.13
Asset Writedown & Restructuring Costs	-0.65	1.29	-0.82	-0.78	-2.93
Loss (Gain) on Equity Investments	-0.01	-	-	-	-
Provision & Write-off of Bad Debts	-	0	-	-	-
Other Operating Activities	16.47	16.31	9.36	18.8	24.02
Change in Accounts Receivable	-6.34	-3.3	0.59	-0.73	-3.33
Change in Inventory	0.47	-0	-0.58	-0.38	0.11
Change in Accounts Payable	5.22	-1.23	-2.6	0.63	0.66
Change in Unearned Revenue	-18.8	-15.9	-1.07	-6.09	2.45
Change in Other Net Operating Assets	-24.91	-2.05	5.78	2.31	21.65
Operating Cash Flow	42.05	76.89	89.54	100.06	129.78
Operating Cash Flow Growth	-45.31%	-14.13%	-10.52%	-22.90%	4.54%
Capital Expenditures	-13.05	-5.74	-5.05	-14.37	-20.27
Sale of Property, Plant & Equipment	1.2	-	0.5	0.04	-
Cash Acquisitions	-0.28	-	-	-	-
Sale (Purchase) of Real Estate	-4.75	1.37	-14.88	-0.54	-7.84
Investment in Securities	22.31	-161.67	29.94	-50.33	-
Other Investing Activities	6.38	6.39	6.1	4.79	2.8
Investing Cash Flow	11.8	-159.65	16.62	-60.41	-25.31
Long-Term Debt Issued	0	-	-	-	-
Total Debt Issued	0	-	-	-	-
Long-Term Debt Repaid	-0.54	-0.5	-0.48	-0.45	-0.41
Total Debt Repaid	-0.54	-0.5	-0.48	-0.45	-0.41
Net Debt Issued (Repaid)	-0.53	-0.5	-0.48	-0.45	-0.41
Common Dividends Paid	-	-	-43.81	-	-
Other Financing Activities	-5.62	9.92	-16.06	-16.89	4.56
Financing Cash Flow	-6.15	9.42	-60.35	-17.33	4.15
Foreign Exchange Rate Adjustments	-0	-	-	-	-
Net Cash Flow	47.7	-73.35	45.8	22.31	108.63
Free Cash Flow	29	71.14	84.49	85.69	109.51
Free Cash Flow Growth	-59.24%	-15.80%	-1.40%	-21.76%	24.50%
Free Cash Flow Margin	18.26%	40.18%	48.67%	45.73%	66.04%
Free Cash Flow Per Share	0.04	0.09	0.11	0.11	0.14
Cash Interest Paid	0.05	0.08	0.01	0.04	0.07
Cash Income Tax Paid	15.94	13.51	22.64	19.16	9.4
Levered Free Cash Flow	32.91	66.44	68.13	66.4	84.2
Unlevered Free Cash Flow	32.94	66.49	68.14	66.42	84.24
Change in Working Capital	-50.79	-31.01	-1.32	-5.44	24.23

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