Guangdong Investment Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,142	3,122	4,764	4,697
Depreciation & Amortization	2,495	2,486	2,065	1,889
Loss (Gain) From Sale of Assets	40.89	-145.46	-193.07	2.33
Asset Writedown & Restructuring Costs	125.13	-329.27	-937.01	-638.14
Loss (Gain) From Sale of Investments	-	-13.81	4.6	3.06
Loss (Gain) on Equity Investments	-172.02	-193.41	-44.52	39.51
Provision & Write-off of Bad Debts	2.24	3.89	-8.88	-1.87
Other Operating Activities	2,884	4,151	1,408	1,621
Change in Accounts Receivable	-383.83	-878.65	-1,431	1,543
Change in Inventory	5,487	1,000	-3,298	-21,005
Change in Accounts Payable	-934.87	787.85	-4,228	10,823
Change in Unearned Revenue	-95.97	4,060	3,642	173.61
Change in Other Net Operating Assets	-174.74	-1,518	-3,142	-4,087
Operating Cash Flow	11,086	10,711	-1,399	-4,939
Operating Cash Flow Growth	3.50%	-	-	-
Capital Expenditures	-985.11	-728.44	-712.62	-847.86
Sale of Property, Plant & Equipment	49.45	39.32	37.85	20.15
Cash Acquisitions	-529.53	238.22	-2,770	-913.32
Divestitures	49.01	94.5	-86.52	-
Sale (Purchase) of Intangibles	-429.58	-322.71	-2,172	-3,110
Sale (Purchase) of Real Estate	-135.87	-719.97	-728.23	-1,142
Investment in Securities	-2,360	-1,086	523.74	401.65
Other Investing Activities	169.99	-18.67	112.74	-258.41
Investing Cash Flow	-4,172	-2,503	-5,795	-5,850
Long-Term Debt Issued	19,388	23,288	25,874	27,072
Total Debt Issued	19,388	23,288	25,874	27,072
Long-Term Debt Repaid	-18,074	-23,113	-12,070	-12,111
Total Debt Repaid	-18,074	-23,113	-12,070	-12,111
Net Debt Issued (Repaid)	1,314	174.72	13,804	14,960
Common Dividends Paid	-2,373	-4,010	-4,004	-3,888
Other Financing Activities	-3,616	-1,464	-1,828	-866.65
Financing Cash Flow	-4,675	-5,299	7,972	10,206
Foreign Exchange Rate Adjustments	-303.98	-329.19	-797.06	219.15
Net Cash Flow	1,934	2,579	-19.06	-364.12
Free Cash Flow	10,101	9,982	-2,111	-5,787
Free Cash Flow Growth	1.19%	-	-	-
Free Cash Flow Margin	54.58%	49.12%	-9.10%	-19.48%
Free Cash Flow Per Share	1.54	1.53	-0.32	-0.89
Cash Interest Paid	1,570	1,811	1,448	778.65
Cash Income Tax Paid	2,640	2,143	1,808	2,787
Levered Free Cash Flow	16,915	10,592	-3,224	-5,684
Unlevered Free Cash Flow	17,488	11,219	-2,689	-5,347
Change in Working Capital	3,898	3,451	-8,457	-12,552

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.