HKG:0357 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-279	-381.44	-136.01	-155.3	765.13
Depreciation & Amortization	861.54	867.19	872.75	399.15	221.02
Other Amortization	5.42	0.87	0.99	0.94	0.95
Loss (Gain) From Sale of Assets	5.94	1.31	1.21	0.38	0.71
Asset Writedown & Restructuring Costs	-5.37	-2.6	7.41	-1.44	0.7
Loss (Gain) From Sale of Investments	-	-	-	-	17.52
Provision & Write-off of Bad Debts	-6.44	-10.06	-58.7	12.07	28.87
Other Operating Activities	77.83	129.49	100.4	63.01	-174.08
Change in Accounts Receivable	13.6	127.34	-90.65	16.71	-73.49
Change in Inventory	0.22	0.09	-	-0.16	-0.23
Change in Accounts Payable	-247.71	31.32	-145.79	-115.52	78.77
Operating Cash Flow	438.02	729.89	526.94	174.04	828.19
Operating Cash Flow Growth	-39.99%	38.52%	202.76%	-78.98%	78.50%
Capital Expenditures	-99.93	-425.59	-326.8	-108.92	-317.04
Sale of Property, Plant & Equipment	0.01	-	0.03	2.7	0.66
Investment in Securities	0.04	0.06	-	-	-
Other Investing Activities	0.11	0.01	0.08	-	-
Investing Cash Flow	-99.77	-425.52	-326.69	-106.22	-316.38
Long-Term Debt Issued	1,130	1,188	-	-	-
Long-Term Debt Repaid	-1,410	-1,148	-349.11	-	-379.45
Net Debt Issued (Repaid)	-280.01	39.59	-349.11	-	-379.45
Common Dividends Paid	-73.13	-87.14	-86.91	-	-
Other Financing Activities	-260	80.61	320	-125.86	-212.58
Financing Cash Flow	-613.14	33.06	-116.02	-125.86	-592.03
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	-274.9	337.43	84.23	-58.04	-80.22
Free Cash Flow	338.08	304.3	200.14	65.12	511.15
Free Cash Flow Growth	11.10%	52.04%	207.33%	-87.26%	-
Free Cash Flow Margin	16.85%	14.02%	9.60%	5.71%	31.83%
Free Cash Flow Per Share	0.71	0.64	0.42	0.14	1.08
Cash Interest Paid	-	-	-	130.84	97.69
Cash Income Tax Paid	162.85	83.37	81.45	91.81	88.03
Levered Free Cash Flow	-132.78	218.52	-354.1	-154.59	-88.57
Unlevered Free Cash Flow	-65.14	303.28	-267.13	-99.03	-71.46
Change in Working Capital	-221.92	125.12	-261.12	-144.77	-32.63

Source: S&P Global Market Intelligence. Standard template. Financial Sources.