Higold Group Co., LTD. (SHE:001221)

Higold Group Co., LTD. Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	716.44	703.51	531.37	332.7	205.66	164.45
Depreciation & Amortization	88.05	88.05	72.31	55.76	37.71	35.74
Other Amortization	4.44	4.44	3.08	4.81	4.67	3.16
Loss (Gain) From Sale of Assets	0.22	0.22	0.25	0.16	-0.03	0.01
Asset Writedown & Restructuring Costs	0.51	0.51	0.83	0.8	2.19	2.08
Loss (Gain) From Sale of Investments	-11.19	-11.19	-0.25	0.85	-0.33	-1.85
Provision & Write-off of Bad Debts	0.74	0.74	2.76	2.52	1.26	4.06
Other Operating Activities	-93.78	6.97	7.32	8.07	1.17	7.42
Change in Accounts Receivable	-27.54	-27.54	-51.44	2.98	-7.22	-11.1
Change in Inventory	-29.7	-29.7	38.02	-23.27	3.05	-58.82
Change in Accounts Payable	308	308	74.84	204.11	9.67	52.31
Operating Cash Flow	952.02	1,040	673.4	598.72	264.98	195.84
Operating Cash Flow Growth	33.81%	54.42%	12.47%	125.95%	35.30%	51.30%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-318.97	-223.92	-333.1	-234.21	-346.25	-205.56
Sale of Property, Plant & Equipment	0.22	0.22	0.12	0.23	0.04	0.05
Investment in Securities	-526.17	-579.18	0.1	-	-	-
Other Investing Activities	1.99	2.56	3.18	-4.45	0.72	1.52
Investing Cash Flow	-842.93	-800.32	-329.7	-238.44	-345.49	-203.99

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	777.79	418.45	175.78	120.71	98.23
Total Debt Issued	770.37	777.79	418.45	175.78	120.71	98.23
Short-Term Debt Repaid	-	-276.69	-447.3	-128.28	-38.66	-142.56
Long-Term Debt Repaid	-	-14.36	-14.82	-14.09	-13.95	-
Total Debt Repaid	-611.82	-291.05	-462.12	-142.37	-52.61	-142.56
Net Debt Issued (Repaid)	158.55	486.73	-43.67	33.42	68.09	-44.34
Issuance of Common Stock	558.3	558.3	-	-	-	220
Common Dividends Paid	-143.07	-142.84	-1.36	-2.96	-1.35	-3.97
Other Financing Activities	-26.94	-27.87	-87.81	-28.46	-3.06	-15.69
Financing Cash Flow	546.84	874.32	-132.85	2	63.69	156.01

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-1.06	0.24	2.27	-1.04	4.16	-0.99
Net Cash Flow	654.86	1,114	213.12	361.24	-12.67	146.88

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	633.05	815.92	340.3	364.5	-81.27	-9.72
Free Cash Flow Growth	60.75%	139.77%	-6.64%	-	-	-
Free Cash Flow Margin	17.23%	22.70%	11.91%	16.41%	-5.02%	-0.66%
Free Cash Flow Per Share	1.64	2.17	0.95	1.01	-0.23	-0.03
Levered Free Cash Flow	340.99	590.87	130.71	237.77	-179.45	-77.37
Unlevered Free Cash Flow	344.35	594.53	134.4	241.78	-176.57	-73.35

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	264.86	226.01	188	69.41	48.51	39.9
Change in Working Capital	246.59	246.59	55.73	193.05	12.68	-19.22

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 25, 2026

Data Sources Report a data error