SGX:QES 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	477.76	423.86	372.47	642.44	506.33	218.78
Depreciation & Amortization	128.95	132.95	150.74	163.31	130.23	122.38
Loss (Gain) From Sale of Assets	-4.99	-4.99	-	-0.08	0.7	-
Asset Writedown & Restructuring Costs	2.11	2.91	6.11	3.04	4.82	1.31
Provision & Write-off of Bad Debts	-2.09	-2.09	0.58	-3.58	0.05	-0.84
Other Operating Activities	-37.8	-6.4	-93.09	-26.26	50.16	37.44
Change in Accounts Receivable	166.41	97.21	116.21	-273.61	-389.49	47.26
Change in Inventory	-2.45	-22.35	61.54	-45.51	-159.8	50.9
Change in Accounts Payable	49.12	-48.08	-20.74	-244.53	214.9	-50.35
Change in Unearned Revenue	0.17	0.17	-0.38	-7.74	13.39	-
Operating Cash Flow	777.2	573.2	593.42	207.49	371.3	426.88
Operating Cash Flow Growth	32.85%	-3.41%	186.00%	-44.12%	-13.02%	-4.72%
Capital Expenditures	-195.94	-110.04	-171.2	-86.46	-213.19	-275.3
Sale of Property, Plant & Equipment	3.38	2.88	0.43	1.45	4.8	0.09
Cash Acquisitions	-	-	-	-	-	-42.4
Sale (Purchase) of Intangibles	-0.05	-3.75	-2.72	-72.06	-78.36	-
Investment in Securities	-	-	-	-	-	60
Other Investing Activities	53.43	55.63	36.02	16.15	24.24	22.11
Investing Cash Flow	-139.18	-55.28	-137.47	-140.92	-262.52	-235.5
Long-Term Debt Repaid	-	-	-	-	-	-44.2
Total Debt Repaid	-	-	-	-	-	-44.2
Net Debt Issued (Repaid)	-	-	-	-	-	-44.2
Repurchase of Common Stock	-5.35	-12.55	-13.74	-10.64	-0.81	-7.64
Common Dividends Paid	-107.84	-75.84	-50.55	-47.34	-46.83	-48.76
Other Financing Activities	-	1.6	-0.97	7.68	-5	-3.02
Financing Cash Flow	-163.76	-137.36	-141.08	-121.59	-52.64	-103.61
Foreign Exchange Rate Adjustments	9.28	6.98	7.16	50.32	-10.08	-43.39
Net Cash Flow	483.54	387.54	322.03	-4.71	46.06	44.38
Free Cash Flow	581.26	463.16	422.22	121.03	158.11	151.58
Free Cash Flow Growth	53.97%	9.70%	248.86%	-23.45%	4.31%	-59.65%
Free Cash Flow Margin	16.82%	13.18%	12.10%	3.16%	4.24%	6.49%
Free Cash Flow Per Share	0.61	0.48	0.44	0.13	0.16	0.16
Cash Interest Paid	-	-	-	-	-	1.07
Cash Income Tax Paid	131.36	102.16	133.21	54.26	124.85	63.04
Levered Free Cash Flow	511.86	432.07	297.01	71.98	-247.34	149.23
Unlevered Free Cash Flow	511.86	432.07	297.01	71.98	-247.34	150.06
Change in Working Capital	213.26	26.96	156.63	-571.38	-321	47.81

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.