HKG:0285 Cash Flow Statement

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

Millions CNY. 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	4,266	4,041	1,858	2,310
Depreciation & Amortization	6,387	3,156	2,913	2,553
Other Amortization	10.99	3.36	3.48	3.85
Loss (Gain) From Sale of Assets	191.74	147.05	31.96	21.88
Loss (Gain) From Sale of Investments	-49.22	-36.3	0.64	0.18
Provision & Write-off of Bad Debts	43.48	25.27	3.34	-8.15
Other Operating Activities	747.69	596.59	9.25	317.35
Change in Accounts Receivable	-9,338	-9,639	-1,234	5,159
Change in Inventory	1.38	1,604	-6,554	-3,997
Change in Accounts Payable	5,349	4,247	10,304	3,601
Change in Unearned Revenue	33.69	124.84	111.96	66.02
Change in Other Net Operating Assets	-929.7	5,973	-1,486	-3,693
Operating Cash Flow	6,714	10,243	5,961	6,335
Operating Cash Flow Growth	-34.46%	71.83%	-5.90%	97.42%
Capital Expenditures	-2,848	-3,851	-4,175	-3,929
Sale of Property, Plant & Equipment	199.85	261.34	137.85	36.64
Cash Acquisitions	-	-14,078	-	-
Sale (Purchase) of Intangibles	-6.07	-1.42	-2.44	-4.69
Investment in Securities	-	-	-166.22	-155.8
Other Investing Activities	-0.8	-66.16	-70.64	288.18
Investing Cash Flow	-2,655	-17,735	-4,276	-3,764
Short-Term Debt Issued	-	-	2,765	877.05
Long-Term Debt Issued	20,800	20,491	-	-
Total Debt Issued	20,800	20,491	2,765	877.05
Short-Term Debt Repaid	-	-	-755.16	-2,868
Long-Term Debt Repaid	-26,745	-8,225	-341.27	-295.81
Total Debt Repaid	-26,745	-8,225	-1,096	-3,164
Net Debt Issued (Repaid)	-5,945	12,265	1,668	-2,287
Common Dividends Paid	-1,212	-371.78	-232.08	-543.02
Other Financing Activities	-424.23	-70.6	325.07	-368.11
Financing Cash Flow	-7,582	11,823	1,761	-3,198
Foreign Exchange Rate Adjustments	38.16	-36.68	-27.26	-13.32
Net Cash Flow	-3,485	4,294	3,419	-641.15
Free Cash Flow	3,865	6,392	1,787	2,406
Free Cash Flow Growth	-39.52%	257.75%	-25.75%	494.14%
Free Cash Flow Margin	2.18%	4.92%	1.67%	2.70%
Free Cash Flow Per Share	1.72	2.84	0.79	1.07
Cash Interest Paid	433.18	82.23	8.04	14.85
Cash Income Tax Paid	610.29	268.31	191.32	138.64
Levered Free Cash Flow	900.02	4,260	1,073	1,256
Unlevered Free Cash Flow	1,226	4,378	1,110	1,283
Change in Working Capital	-4,884	2,310	1,141	1,137

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