Maanshan Iron & Steel Company Limited (HKG:0323)
Hong Kong · Delayed Price · Currency is HKD 1.175
-0.060 (-4.86%)
Nov 13, 2026, 4:08 PM HKT
HKG:0323 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 | Sep '26 Sep 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 | -470.67 | -208.81 | -4,659 | -1,327 | -857.62 | 5,332 |
Depreciation & Amortization | 4,093 | 4,093 | 4,512 | 3,812 | 3,281 | 3,232 |
Loss (Gain) From Sale of Assets | 61.61 | 61.61 | 300.32 | -93.86 | -440.34 | -223.74 |
Asset Writedown & Restructuring Costs | 148.88 | 148.88 | 66.34 | - | - | - |
Loss (Gain) From Sale of Investments | 61.78 | 61.78 | -8.41 | -274.88 | -811.36 | -855.64 |
Provision & Write-off of Bad Debts | 14.22 | 14.22 | -32.31 | -37.98 | -34.4 | -2.77 |
Other Operating Activities | 1,072 | 1,365 | 1,008 | 1,032 | 1,903 | 2,503 |
Change in Accounts Receivable | 394.6 | 394.6 | -1,317 | -555.11 | -211.97 | 918.67 |
Change in Inventory | -278.06 | -278.06 | 1,141 | 708.33 | 665.6 | -2,898 |
Change in Accounts Payable | -1,534 | -1,534 | -58.76 | -1,029 | 3,063 | 8,763 |
Change in Other Net Operating Assets | 4.2 | 4.2 | 0.77 | -10.76 | 38.96 | 8.61 |
Operating Cash Flow | 3,597 | 4,152 | 960.87 | 1,992 | 6,642 | 16,774 |
Operating Cash Flow Growth | 31.50% | 332.06% | -51.76% | -70.01% | -60.41% | 505.46% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -1,921 | -1,990 | -1,682 | -6,399 | -8,342 | -7,586 |
Sale of Property, Plant & Equipment | 295.71 | 183.69 | 82.93 | 611.05 | 477.5 | 187.33 |
Divestitures | 66.48 | - | - | 770.27 | 449.76 | - |
Investment in Securities | -4,507 | 152.7 | -1,371 | 4,321 | -121.89 | -3,553 |
Other Investing Activities | 277.15 | 164.08 | 177.8 | 135.5 | 438.83 | 230.56 |
Investing Cash Flow | -5,788 | -1,489 | -2,793 | -560.87 | -7,098 | -10,722 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | - | 208.01 | 488.69 | 500 | - | - |
Long-Term Debt Issued | - | 16,214 | 17,497 | 12,655 | 16,958 | 16,619 |
Total Debt Issued | 15,540 | 16,422 | 17,985 | 13,155 | 16,958 | 16,619 |
Long-Term Debt Repaid | - | -21,935 | -16,246 | -15,212 | -12,984 | -19,686 |
Lease Payments | -1.76 | -2.71 | -45.29 | -26.75 | -30.51 | -53.81 |
Total Debt Repaid | -22,847 | -21,935 | -16,246 | -15,212 | -12,984 | -19,686 |
Net Debt Issued (Repaid) | -7,307 | -5,513 | 1,739 | -2,057 | 3,974 | -3,068 |
Issuance of Common Stock | - | 5,139 | - | - | 171.86 | - |
Repurchase of Common Stock | -49.06 | -49.06 | -56.87 | -62.13 | -3.86 | - |
Common Dividends Paid | -378.07 | -449.84 | -582.62 | -676.65 | -3,142 | -1,606 |
Other Financing Activities | 6,343 | 3,741 | -11.94 | 1,435 | -482.95 | -227.25 |
Financing Cash Flow | -1,391 | 2,868 | 1,088 | -1,361 | 516.57 | -4,900 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 5.3 | -3.28 | 2.75 | -1.79 | 77.36 | -53 |
Net Cash Flow | -3,577 | 5,527 | -741.48 | 67.86 | 137.68 | 1,099 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 1,677 | 2,162 | -721.51 | -4,407 | -1,700 | 9,188 |
Free Cash Flow Growth | 262.67% | - | - | - | - | - |
Free Cash Flow Margin | 2.25% | 2.79% | -0.88% | -4.46% | -1.67% | 8.07% |
Free Cash Flow Per Share | 0.21 | 0.28 | -0.09 | -0.57 | -0.22 | 1.19 |
Levered Free Cash Flow | 6,169 | 1,389 | 2,123 | -9,001 | 5,160 | 6,505 |
Unlevered Free Cash Flow | 6,218 | 1,680 | 2,495 | -8,684 | 5,456 | 6,913 |
Free Cash Flow After Leases | 1,675 | 2,159 | -766.8 | -4,434 | -1,731 | 9,134 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | - | - | - | 48.66 | 166.5 | 179.3 |
Cash Income Tax Paid | 1,168 | 1,002 | 298.16 | 590.55 | 638.76 | 3,234 |
Change in Working Capital | -1,384 | -1,384 | -226.08 | -1,118 | 3,602 | 6,790 |