Zhejiang Hailiang Co., Ltd. (SHE:002203)
China · Delayed Price · Currency is CNY 13.91
-0.69 (-4.73%)
Nov 6, 2026, 3:04 PM CST
Zhejiang Hailiang Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Net Income | 1,166 | 943.16 | 703.3 | 1,118 | 1,208 | 1,107 |
Depreciation & Amortization | 937.54 | 937.54 | 843.38 | 556.44 | 434.69 | 394.89 |
Other Amortization | 15.08 | 15.08 | 0.74 | 0.73 | 0.1 | 0.79 |
Loss (Gain) From Sale of Assets | 2.47 | 2.47 | -3.62 | 8.04 | -6.37 | 1.37 |
Asset Writedown & Restructuring Costs | 64.58 | 64.58 | 57.95 | 34.48 | 4.12 | 1.73 |
Loss (Gain) From Sale of Investments | -43.05 | -43.05 | -120.44 | 162.05 | 394.44 | -228.91 |
Provision & Write-off of Bad Debts | 35.39 | 35.39 | 28.85 | 1.79 | 21.23 | 8.94 |
Other Operating Activities | -7,061 | 411.2 | 768.28 | 471.32 | 372.97 | 312.14 |
Change in Accounts Receivable | -1,836 | -1,836 | -2,628 | -1,122 | 386.81 | -2,493 |
Change in Inventory | -3,079 | -3,079 | -1,689 | -253.01 | 896.24 | -2,701 |
Change in Accounts Payable | 945.46 | 945.46 | -108.27 | -1,730 | -2,930 | 932.77 |
Change in Other Net Operating Assets | 25.9 | 25.9 | 13.56 | -5.9 | 127.42 | - |
Operating Cash Flow | -8,928 | -1,679 | -2,300 | -776.34 | 870.25 | -2,580 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Capital Expenditures | -1,811 | -986.43 | -1,274 | -2,222 | -2,572 | -1,528 |
Sale of Property, Plant & Equipment | 5.08 | 9.14 | 26.77 | 75.83 | 31.15 | 14.84 |
Cash Acquisitions | -7.41 | - | - | - | - | - |
Investment in Securities | 388.95 | 388.95 | 156.83 | 6.44 | 40.05 | 485.44 |
Other Investing Activities | 140.13 | -112.97 | -2.88 | -315.65 | 191.33 | 495.61 |
Investing Cash Flow | -1,284 | -701.32 | -1,093 | -2,456 | -2,309 | -532.33 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Short-Term Debt Issued | - | - | 35 | 70 | 155 | - |
Long-Term Debt Issued | - | 28,440 | 26,139 | 25,521 | 16,645 | 17,037 |
Total Debt Issued | 39,634 | 28,440 | 26,174 | 25,591 | 16,800 | 17,037 |
Short-Term Debt Repaid | - | - | -35 | -70 | -155 | - |
Long-Term Debt Repaid | - | -25,568 | -22,396 | -22,494 | -15,661 | -13,946 |
Lease Payments | -44.94 | -44.94 | -39.59 | -31.54 | -29.12 | -37.75 |
Total Debt Repaid | -29,930 | -25,568 | -22,431 | -22,564 | -15,816 | -13,946 |
Net Debt Issued (Repaid) | 9,704 | 2,871 | 3,742 | 3,027 | 984.08 | 3,091 |
Issuance of Common Stock | 626.68 | - | - | - | - | 294.39 |
Repurchase of Common Stock | -496.55 | -496.55 | -253.52 | - | - | -18.8 |
Common Dividends Paid | -1,157 | -1,133 | -950.14 | -648.18 | -485.45 | -347.85 |
Other Financing Activities | 899.21 | 328.26 | -141.02 | 3,363 | 795.6 | 73.16 |
Financing Cash Flow | 9,576 | 1,570 | 2,398 | 5,742 | 1,294 | 3,091 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Foreign Exchange Rate Adjustments | 184.21 | 235.91 | -96.64 | 126.35 | 115.16 | -35.93 |
Net Cash Flow | -451.37 | -574.64 | -1,093 | 2,636 | -29.65 | -57.16 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Free Cash Flow | -10,739 | -2,665 | -3,574 | -2,999 | -1,702 | -4,109 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -11.54% | -3.20% | -4.09% | -3.97% | -2.30% | -6.49% |
Free Cash Flow Per Share | -4.58 | -1.30 | -1.78 | -1.37 | -0.84 | -1.93 |
Levered Free Cash Flow | -11,492 | -3,757 | -4,734 | -3,586 | -1,642 | -3,631 |
Unlevered Free Cash Flow | -11,099 | -3,346 | -4,304 | -3,245 | -1,413 | -3,473 |
Free Cash Flow After Leases | -10,784 | -2,710 | -3,614 | -3,030 | -1,731 | -4,146 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Cash Income Tax Paid | 983.8 | 837.07 | 312.1 | 308.09 | 609.61 | 446.79 |
Change in Working Capital | -4,041 | -4,041 | -4,628 | -3,119 | -1,547 | -4,210 |