FRA:5UM 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	2,190	2,104	2,110	1,960	1,948	1,747
Depreciation & Amortization	682.84	602.26	508.67	442.05	319.46	270.19
Loss (Gain) From Sale of Investments	-206.87	-300.26	-289.32	-140.89	256.75	96.7
Asset Writedown & Restructuring Costs	0.58	-	0.04	-	-	-
Provision for Credit Losses	262.33	322.92	192.1	307.14	318.24	247.45
Loss (Gain) on Equity Investments	-12.02	-26.56	-6.38	-13.46	-13.87	-11.35
Stock-Based Compensation	-	-	1.06	0.44	5.8	5.8
Change in Accounts Payable	-341.98	-776.19	557.17	639.63	171.1	-500.83
Change in Trading Asset Securities	10.17	10.63	-11.08	-	-	-
Change in Other Net Operating Assets	913.05	-3,107	-996.39	-3,712	-6,076	-4,476
Other Operating Activities	2,037	2,276	2,890	2,600	1,717	1,676
Operating Cash Flow	5,589	1,138	4,994	2,032	-1,401	-971.72
Operating Cash Flow Growth	-12.47%	-77.21%	145.76%	-	-	-
Capital Expenditures	-996.99	-1,255	-896.83	-617.87	-385.07	-401.39
Sale of Property, Plant & Equipment	11.03	12.04	0.07	0.27	0.15	0.53
Cash Acquisitions	-239.65	-239.15	-409.55	436.73	47.47	89.08
Divestitures	-	-0.04	-	-	-	-
Investment in Securities	84.11	73.04	81.41	168.93	-274.6	97.59
Other Investing Activities	242.06	324.21	165.91	-109.46	-52.48	-82.34
Investing Cash Flow	-899.44	-1,085	-1,059	-121.4	-664.52	-296.53
Long-Term Debt Issued	-	44,935	47,373	33,476	35,610	27,846
Long-Term Debt Repaid	-	-43,055	-47,032	-32,663	-31,590	-25,368
Net Debt Issued (Repaid)	-1,497	1,880	341.19	812.64	4,020	2,478
Issuance of Common Stock	-	-	-	-	969.41	-
Common Dividends Paid	-1,209	-604.47	-591.98	-580.46	-482.98	-454.12
Other Financing Activities	-1,939	-1,796	-3,543	-1,809	-2,115	-2,059
Financing Cash Flow	-4,645	-520.67	-3,794	-1,576	2,392	-34.63
Foreign Exchange Rate Adjustments	47.1	-2.34	2.3	-25.25	-21.14	-46.45
Net Cash Flow	91.54	-469.67	143.63	309	305.54	-1,349
Free Cash Flow	4,592	-116.76	4,097	1,414	-1,786	-1,373
Free Cash Flow Growth	-12.10%	-	189.71%	-	-	-
Free Cash Flow Margin	31.94%	-0.88%	30.53%	12.06%	-18.67%	-16.66%
Free Cash Flow Per Share	2.29	-0.06	1.97	0.68	-0.88	-0.80
Cash Interest Paid	1,903	1,945	2,315	1,980	1,686	1,887
Cash Income Tax Paid	804.41	735.76	727.33	705.78	709.69	680.41

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