FRA:0CI 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	3,161	3,036	5,821	6,313	12,062	13,248
Depreciation & Amortization, Total	2,132	1,874	1,869	1,940	1,956	2,058
Gain (Loss) On Sale of Investments	-19,100	-16,813	-839.25	4,775	-15,022	-1,398
Change in Accounts Receivable	270.11	111.95	679.88	-2,426	-	-1,018
Change in Accounts Payable	6,333	7,854	-2,007	1,059	-	2,106
Change in Other Net Operating Assets	111,954	84,325	-3,648	77,869	26,060	3,203
Other Operating Activities	5,103	8,756	10,379	9,988	19,042	6,485
Operating Cash Flow	78,330	71,219	15,543	54,177	48,913	36,794
Capital Expenditures	-3,649	-3,943	-847.28	-1,936	-847.38	-4,942
Cash Acquisitions	948.36	5,525	-1,212	-171.19	179.8	-1,774
Investment in Securities	-44,760	-50,421	-70,477	-10,691	3,210	-39,071
Other Investing Activities	14,033	14,516	11,724	14,209	18,505	13,264
Investing Cash Flow	-33,121	-34,012	-60,580	7,311	20,785	-26,116
Long-Term Debt Issued	-	90,087	151,119	73,496	156,561	155,696
Long-Term Debt Repaid	-	-106,055	-134,229	-161,056	-146,900	-101,445
Net Debt Issued (Repaid)	-26,018	-15,968	16,890	-87,560	9,662	54,251
Issuance of Common Stock	-	-	-	11,952	9,958	-
Repurchase of Common Stock	-	-	-	-87.95	-20,672	-
Dividends Paid	-3,298	-3,298	-3,451	-4,629	-22,467	-5,006
Other Financing Activities	-14,422	-13,622	-12,726	-21,137	-889.19	-16,430
Financing Cash Flow	-43,738	-32,889	713.44	-101,461	-13,571	32,815
Foreign Exchange Rate Adjustments	-47.62	2,103	1,788	12,059	-3,535	-5,508
Net Cash Flow	1,423	6,421	-42,535	-27,914	52,593	37,984
Free Cash Flow	74,680	67,276	14,696	52,241	48,066	31,852
Free Cash Flow Growth	133.01%	357.80%	-71.87%	8.69%	50.90%	-
Free Cash Flow Margin	304.28%	291.05%	60.16%	181.63%	91.55%	64.50%
Free Cash Flow Per Share	1.96	1.76	0.39	1.37	1.16	0.83
Cash Interest Paid	42,344	44,343	44,425	41,030	24,338	38,216
Cash Income Tax Paid	2,578	2,768	3,433	4,701	14,995	5,839

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.