HKG:9609 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	48.01	89.88	70.9	102.01
Depreciation & Amortization	22.62	25.75	18.94	15.85
Loss (Gain) From Sale of Assets	-	-2.43	-	-
Loss (Gain) From Sale of Investments	-	-0.28	-	-
Provision & Write-off of Bad Debts	3.22	-0.12	3.76	-2.28
Other Operating Activities	-4.61	-2.25	3.32	29.37
Change in Accounts Receivable	101.76	-86.55	-51.57	55.05
Change in Inventory	-66.95	3.83	26.3	-31.24
Change in Accounts Payable	-18.08	-9.31	-61.84	-56.69
Change in Other Net Operating Assets	-0.01	-1.31	-99.19	120.04
Operating Cash Flow	85.98	17.23	-89.37	232.12
Operating Cash Flow Growth	399.15%	-	-	-
Capital Expenditures	-202.81	-18.08	-25.1	-33.28
Cash Acquisitions	-	-	-	0.1
Divestitures	3.48	-0	-	-
Investment in Securities	-	0.28	-	-
Other Investing Activities	2.5	1.7	1.69	1.35
Investing Cash Flow	-196.83	-16.1	-23.41	-31.83
Short-Term Debt Issued	55.87	0.77	81.7	359.58
Total Debt Issued	55.87	0.77	81.7	359.58
Short-Term Debt Repaid	-67	-69.7	-49	-646.31
Long-Term Debt Repaid	-0.37	-0.72	-0.47	-0.15
Total Debt Repaid	-67.37	-70.42	-49.47	-646.46
Net Debt Issued (Repaid)	-11.5	-69.65	32.23	-286.87
Issuance of Common Stock	461.55	-	290.25	95.08
Other Financing Activities	-30.01	-3.18	-5.51	-3.74
Financing Cash Flow	420.04	-72.83	316.97	-195.53
Foreign Exchange Rate Adjustments	-4.04	-	-	-
Net Cash Flow	305.15	-71.71	204.19	4.76
Free Cash Flow	-116.83	-0.86	-114.47	198.84
Free Cash Flow Margin	-34.98%	-0.20%	-34.74%	60.79%
Free Cash Flow Per Share	-0.92	-0.01	-1.00	2.05
Cash Interest Paid	1.96	2.41	5.51	3.74
Cash Income Tax Paid	11.25	0.03	-	-
Levered Free Cash Flow	-114.07	12.85	-123.27	-
Unlevered Free Cash Flow	-112.85	14.36	-120.19	-
Change in Working Capital	16.73	-93.34	-186.29	87.17