HKG:0291 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	5,823	4,739	5,153	4,344	4,587	2,094
Depreciation & Amortization	2,432	2,350	2,277	1,562	1,641	1,746
Loss (Gain) From Sale of Assets	-94	-94	-486	-278	-1,857	-11
Asset Writedown & Restructuring Costs	79	79	142	212	300	574
Loss (Gain) From Sale of Investments	44	44	-4	-100	29	-
Loss (Gain) on Equity Investments	-15	-15	5	67	21	-
Other Operating Activities	-1,086	-281	541	-408	370	-108
Change in Accounts Receivable	-306	-306	124	132	26	136
Change in Inventory	-288	-288	-224	-1,203	-844	-387
Change in Accounts Payable	700	700	-3,379	2,518	722	436
Operating Cash Flow	7,289	6,928	4,149	6,846	4,995	4,480
Operating Cash Flow Growth	35.61%	66.98%	-39.40%	37.06%	11.50%	9.32%
Capital Expenditures	-2,291	-2,813	-2,520	-1,661	-1,471	-1,047
Sale of Property, Plant & Equipment	120	120	157	591	226	384
Cash Acquisitions	214	214	-9,709	-	-	-
Investment in Securities	-450	-	-120	-490	-1,245	-
Other Investing Activities	320	344	2,505	502	-260	-407
Investing Cash Flow	-2,087	-2,135	-9,687	-1,058	-2,750	-1,070
Short-Term Debt Issued	-	300	-	-	-	1,469
Long-Term Debt Issued	-	34,301	9,717	3,500	-	-
Total Debt Issued	45,828	34,601	9,717	3,500	-	1,469
Short-Term Debt Repaid	-	-	-	-	-	-1,995
Long-Term Debt Repaid	-	-37,658	-6,647	-2,478	-76	-54
Total Debt Repaid	-45,776	-37,658	-6,647	-2,478	-76	-2,049
Net Debt Issued (Repaid)	52	-3,057	3,070	1,022	-76	-580
Common Dividends Paid	-3,363	-3,363	-1,911	-1,739	-1,281	-561
Other Financing Activities	-37	-74	-232	-94	-9	-56
Financing Cash Flow	-3,348	-6,494	927	-811	-1,366	-1,197
Foreign Exchange Rate Adjustments	31	-3	-77	-145	-41	-15
Net Cash Flow	1,885	-1,704	-4,688	4,832	838	2,198
Free Cash Flow	4,998	4,115	1,629	5,185	3,524	3,433
Free Cash Flow Growth	90.84%	152.61%	-68.58%	47.13%	2.65%	31.63%
Free Cash Flow Margin	12.87%	10.65%	4.18%	14.70%	10.55%	10.92%
Free Cash Flow Per Share	1.54	1.27	0.50	1.60	1.09	1.06
Cash Interest Paid	68	68	182	39	6	56
Cash Income Tax Paid	2,014	2,014	1,309	1,270	1,275	1,148
Levered Free Cash Flow	3,481	3,502	1,731	3,879	2,377	753.88
Unlevered Free Cash Flow	3,509	3,553	1,844	3,904	2,381	788.88
Change in Working Capital	106	106	-3,479	1,447	-96	185

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