HKG:0107 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	Sep '25 Sep 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	1,636	1,459	1,187	624.23	1,869	674.47
Depreciation & Amortization	1,260	1,260	1,252	1,176	953.23	919.99
Other Amortization	8.07	8.07	8.16	6.67	6.19	8.97
Loss (Gain) From Sale of Assets	-0	-0	2.69	0.29	-27.89	-2.41
Asset Writedown & Restructuring Costs	-0.17	-0.17	12.46	4.51	2.68	-1.78
Loss (Gain) From Sale of Investments	-53.95	-53.95	-59.06	-53.4	-947	-24.5
Provision & Write-off of Bad Debts	42.32	42.32	-33.92	-13.65	53.09	50.51
Other Operating Activities	583.78	913.15	919.78	939.99	609.68	623.51
Change in Accounts Receivable	-42.45	-42.45	-260.47	73.48	-444.7	20.27
Change in Inventory	89.95	89.95	-89.74	32.99	2,433	-320.42
Change in Accounts Payable	13.46	13.46	292.09	-213.89	-2,922	358.14
Operating Cash Flow	3,544	3,696	3,230	2,583	1,575	2,286
Operating Cash Flow Growth	9.78%	14.42%	25.06%	63.97%	-31.10%	25.03%
Capital Expenditures	-2,245	-3,044	-4,744	-4,245	-3,626	-2,934
Sale of Property, Plant & Equipment	0.27	0.83	0.68	4.66	88.71	4.02
Cash Acquisitions	-	-	-	-3.55	-	-
Divestitures	-	-	-	98.52	442.9	-
Investment in Securities	-183.8	-199.62	103.35	358.75	73.04	89.18
Other Investing Activities	94.82	46.82	2,662	270.31	1,461	92.02
Investing Cash Flow	-2,333	-3,196	-1,978	-3,516	-1,560	-2,748
Long-Term Debt Issued	-	8,440	9,719	3,646	6,159	6,295
Long-Term Debt Repaid	-	-7,864	-3,905	-2,336	-4,443	-4,604
Net Debt Issued (Repaid)	984.22	575.78	5,814	1,309	1,716	1,690
Common Dividends Paid	-2,145	-2,111	-1,674	-1,661	-1,045	-1,081
Other Financing Activities	1,235	1,999	-5,998	-29.02	-28.61	81.02
Financing Cash Flow	74.37	464.23	-1,857	-380.51	641.85	690.58
Net Cash Flow	1,285	964.66	-605.15	-1,314	656.73	228.64
Free Cash Flow	1,299	652.4	-1,513	-1,662	-2,050	-647.17
Free Cash Flow Margin	14.29%	6.30%	-12.99%	-15.71%	-22.54%	-11.86%
Free Cash Flow Per Share	0.41	0.21	-0.49	-0.54	-0.67	-0.21
Cash Income Tax Paid	700.15	626.96	502.72	467.49	585.65	381.47
Levered Free Cash Flow	-216.42	361.21	-2,574	-914.39	-1,634	-1,353
Unlevered Free Cash Flow	184.8	893.67	-1,987	-300.18	-1,269	-957.14
Change in Working Capital	68.2	68.2	-58.78	-102.02	-943.29	37.66

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.