Jiangsu Expressway Company Limited (HKG:0177)

HKG:0177 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	4,749	4,594	4,947	4,413	3,724	4,280
Depreciation & Amortization	2,596	2,596	2,541	2,524	2,046	2,171
Other Amortization	13.89	13.89	7.1	10.06	8.68	9.58
Loss (Gain) From Sale of Assets	0.36	0.36	-11.54	-13.4	-21.76	-7.87
Asset Writedown & Restructuring Costs	13.55	13.55	27.28	19.71	-	6.98
Loss (Gain) From Sale of Investments	-1,213	-1,213	-1,630	-1,551	-1,725	-1,704
Provision & Write-off of Bad Debts	32.03	32.03	25.11	20.43	5.35	8.83
Other Operating Activities	904.78	1,057	1,171	1,336	1,100	865.19
Change in Accounts Receivable	-268.5	-268.5	-152.59	-335.78	-1,603	-135.08
Change in Inventory	123.32	123.32	238.71	346.77	1,304	253.77
Change in Accounts Payable	-185.27	-185.27	-807.3	635.85	727.4	-204.52
Change in Other Net Operating Assets	14.89	14.89	7.57	-20.64	-1.59	29.39
Operating Cash Flow	6,764	6,762	6,316	7,392	5,528	5,703
Operating Cash Flow Growth	5.86%	7.05%	-14.56%	33.73%	-3.07%	81.77%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-7,417	-7,626	-10,802	-3,804	-4,039	-4,777
Sale of Property, Plant & Equipment	32.42	32.45	3.1	14.03	51.76	12.61
Cash Acquisitions	-	-	-	-	-2,457	-
Divestitures	-	-	-	284.6	-	-
Investment in Securities	-135.37	1,407	629.94	-138.05	-898.3	-3,872
Other Investing Activities	911.15	864.66	781.69	765.24	916.01	616.7
Investing Cash Flow	-6,609	-5,322	-9,388	-2,879	-6,427	-8,020

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	16,855	21,466	19,921	36,384	27,761
Long-Term Debt Repaid	-	-17,336	-19,039	-21,775	-32,260	-22,712
Net Debt Issued (Repaid)	881.22	-481.38	2,427	-1,854	4,124	5,049
Issuance of Common Stock	-	-	-	-	111	40
Common Dividends Paid	-3,307	-3,321	-3,330	-3,407	-3,403	-3,163
Other Financing Activities	2,154	2,124	3,984	654.94	374.12	381.29
Financing Cash Flow	-271.71	-1,678	3,081	-4,605	1,206	2,308

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-116.41	-238.32	9.88	-91.41	307.71	-9.6

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	-652.9	-864.69	-4,486	3,588	1,489	925.54
Free Cash Flow Growth	-	-	-	141.00%	60.86%	-
Free Cash Flow Margin	-3.26%	-4.26%	-19.34%	23.62%	11.23%	6.49%
Free Cash Flow Per Share	-0.13	-0.17	-0.89	0.71	0.30	0.18
Levered Free Cash Flow	-711.96	-408.09	-6,164	1,664	180.3	904.43
Unlevered Free Cash Flow	-204.71	116.29	-5,562	2,335	864.7	1,447

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	2,023	1,984	1,739	1,421	268.09	1,456
Change in Working Capital	-332.04	-332.04	-759.83	632.81	391.07	72.89

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

Data Sources Report a data error