China Resources Beer (Holdings) Company Limited (HKG:0291)
Hong Kong · Delayed Price · Currency is HKD 18.30
-0.04 (-0.22%)
Sep 14, 2026, 4:08 PM HKT
HKG:0291 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 2,751 | 3,371 | 4,739 | 5,153 | 4,344 | 4,587 |
Depreciation & Amortization | 2,391 | 2,426 | 2,350 | 2,277 | 1,562 | 1,641 |
Loss (Gain) From Sale of Assets | -1,019 | -1,019 | -94 | -486 | -278 | -1,857 |
Asset Writedown & Restructuring Costs | 3,112 | 3,112 | 79 | 142 | 212 | 300 |
Loss (Gain) From Sale of Investments | 533 | 533 | 44 | -4 | -100 | 29 |
Loss (Gain) on Equity Investments | -741 | -741 | -15 | 5 | 67 | 21 |
Other Operating Activities | 921 | -90 | -281 | 541 | -408 | 370 |
Change in Accounts Receivable | 36 | 36 | -306 | 124 | 132 | 26 |
Change in Inventory | 334 | 334 | -288 | -224 | -1,203 | -844 |
Change in Accounts Payable | -835 | -835 | 700 | -3,379 | 2,518 | 722 |
Operating Cash Flow | 7,483 | 7,127 | 6,928 | 4,149 | 6,846 | 4,995 |
Operating Cash Flow Growth | 2.66% | 2.87% | 66.98% | -39.40% | 37.06% | 11.50% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,618 | -1,799 | -2,813 | -2,520 | -1,661 | -1,471 |
Sale of Property, Plant & Equipment | 305 | 305 | 120 | 157 | 591 | 226 |
Cash Acquisitions | - | - | 214 | -9,709 | - | - |
Investment in Securities | -3,086 | -1,016 | - | -120 | -490 | -1,245 |
Other Investing Activities | 1,728 | 221 | 344 | 2,505 | 502 | -260 |
Investing Cash Flow | -2,671 | -2,289 | -2,135 | -9,687 | -1,058 | -2,750 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 300 | 300 | - | - | - |
Long-Term Debt Issued | - | 32,240 | 34,301 | 9,717 | 3,500 | - |
Total Debt Issued | 26,899 | 32,540 | 34,601 | 9,717 | 3,500 | - |
Long-Term Debt Repaid | - | -31,457 | -37,658 | -6,647 | -2,478 | -76 |
Lease Payments | -58 | -83 | -94 | -81 | -78 | -76 |
Total Debt Repaid | -23,274 | -31,457 | -37,658 | -6,647 | -2,478 | -76 |
Net Debt Issued (Repaid) | 3,625 | 1,083 | -3,057 | 3,070 | 1,022 | -76 |
Common Dividends Paid | -2,764 | -2,764 | -3,363 | -1,911 | -1,739 | -1,281 |
Other Financing Activities | -74 | -34 | -74 | -232 | -94 | -9 |
Financing Cash Flow | 787 | -1,715 | -6,494 | 927 | -811 | -1,366 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -7 | -21 | -3 | -77 | -145 | -41 |
Net Cash Flow | 5,592 | 3,102 | -1,704 | -4,688 | 4,832 | 838 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 5,865 | 5,328 | 4,115 | 1,629 | 5,185 | 3,524 |
Free Cash Flow Growth | 17.35% | 29.48% | 152.61% | -68.58% | 47.13% | 2.65% |
Free Cash Flow Margin | 15.32% | 14.03% | 10.65% | 4.18% | 14.70% | 10.55% |
Free Cash Flow Per Share | 1.81 | 1.64 | 1.27 | 0.50 | 1.60 | 1.09 |
Levered Free Cash Flow | 6,553 | 1,920 | 3,502 | 1,731 | 3,879 | 2,377 |
Unlevered Free Cash Flow | 6,611 | 1,957 | 3,553 | 1,844 | 3,904 | 2,381 |
Free Cash Flow After Leases | 5,807 | 5,245 | 4,021 | 1,548 | 5,107 | 3,448 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 34 | 34 | 68 | 182 | 39 | 6 |
Cash Income Tax Paid | 1,802 | 1,802 | 2,014 | 1,309 | 1,270 | 1,275 |
Change in Working Capital | -465 | -465 | 106 | -3,479 | 1,447 | -96 |