HKG:2635 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	104.71	115.37	88.57	63.16
Depreciation & Amortization	17.68	6.12	2.58	1.43
Other Amortization	3.55	3.54	0.29	-
Loss (Gain) From Sale of Assets	0	0.01	0.01	0
Loss (Gain) From Sale of Investments	22.59	19.44	28.57	15.3
Other Operating Activities	6.86	2.11	-3.26	-2.9
Change in Accounts Receivable	-62.21	-215.04	-148.7	-110.65
Change in Inventory	1	0.26	-2.53	-1.45
Change in Accounts Payable	104.39	26.26	-76.11	72.61
Change in Unearned Revenue	-	-	-0.37	0.37
Change in Other Net Operating Assets	-33.9	82.16	11.03	-118.45
Operating Cash Flow	164.67	40.22	-99.92	-80.59
Capital Expenditures	-69.68	-76.58	-2.23	-2.47
Sale of Property, Plant & Equipment	0.02	0.02	0.02	0
Sale (Purchase) of Intangibles	-0.31	-0.06	-7.07	-
Investment in Securities	60.51	0.51	-	2.46
Investing Cash Flow	-9.46	-76.11	-9.28	-2.01
Long-Term Debt Issued	-	110	135	30
Long-Term Debt Repaid	-	-112.43	-77.21	-0.94
Net Debt Issued (Repaid)	88.32	-2.43	57.79	29.06
Issuance of Common Stock	-	130	-	195
Common Dividends Paid	-	-	-	-6
Other Financing Activities	-6.75	-8.89	-2.51	-4.39
Financing Cash Flow	81.58	118.68	55.28	213.67
Net Cash Flow	236.79	82.79	-53.92	131.07
Free Cash Flow	94.99	-36.36	-102.15	-83.06
Free Cash Flow Margin	21.18%	-9.03%	-28.09%	-32.88%
Free Cash Flow Per Share	2.79	-1.08	-3.19	-2.94
Cash Interest Paid	3.93	3.42	2.51	0.56
Cash Income Tax Paid	8.54	11.2	13.62	13.24
Levered Free Cash Flow	-	-62.75	-140.43	-
Unlevered Free Cash Flow	-	-60.61	-138.98	-
Change in Working Capital	9.27	-106.36	-216.68	-157.57

Source: S&P Capital IQ. Standard template. Financial Sources.