Cashflow

The company's operating cash flow has shown significant improvement in the first half of 2026, with a notable increase from negative to positive territory. This turnaround is largely attributed to improved operational efficiency and better management of working capital, which has enabled the company to generate more cash from its core business activities. However, despite this progress, the investment cash flow remains a concern, as the company continues to invest heavily in tangible and intangible assets, which may strain its liquidity position in the short term. On the financing side, the company's reliance on debt financing is evident, with a significant increase in interest-bearing liabilities, which could potentially impact its financial flexibility and increase its vulnerability to interest rate fluctuations. Overall, while the company has made strides in improving its operating cash flow, it must continue to prudently manage its investment and financing activities to maintain a healthy balance sheet and support its growth aspirations.

*Future financing activities are not included in prediction