HKG:0371 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	3,719	4,028	3,265	5,647
Depreciation & Amortization	1,658	1,591	1,143	688.59
Other Amortization	57.57	50.72	53.21	40.61
Loss (Gain) on Sale of Assets	2.45	95.19	39.4	-4.7
Loss (Gain) on Sale of Investments	-	-0.12	1,146	-
Loss (Gain) on Equity Investments	-573.25	-645.03	-665.46	-749.32
Asset Writedown	2.87	-	35.27	3.09
Stock-Based Compensation	-	22.68	36.52	30.58
Change in Accounts Receivable	-2,850	-3,965	-4,957	-6,135
Change in Inventory	-8.23	-9.68	-63.96	-2.81
Change in Accounts Payable	-2,568	826.79	-832.87	-1,606
Change in Other Net Operating Assets	-228.49	-1,753	1,183	-823.63
Other Operating Activities	2,193	2,185	1,686	1,227
Operating Cash Flow	2,085	2,622	2,333	-1,535
Operating Cash Flow Growth	-20.49%	12.38%	-	-
Capital Expenditures	-753.52	-1,412	-398.08	-148.9
Sale of Property, Plant & Equipment	81.18	315.91	143.32	71.77
Cash Acquisitions	-5.23	-127.56	866.96	-
Divestitures	59.74	45.05	-37.04	48.31
Sale (Purchase) of Intangibles	-206.92	-736.13	-419.77	-1,520
Investment in Securities	-33.27	-309.95	-600.97	-231.7
Other Investing Activities	344.14	724.29	-294.67	580.45
Investing Cash Flow	-583.76	-1,522	-767.73	-1,454
Long-Term Debt Issued	36,035	30,979	23,718	17,704
Long-Term Debt Repaid	-35,493	-29,743	-17,817	-15,709
Net Debt Issued (Repaid)	542.24	1,236	5,901	1,995
Issuance of Common Stock	4,738	1,994	-	208.82
Repurchase of Common Stock	-2,490	-	-185.77	-30.02
Common Dividends Paid	-1,680	-1,552	-1,326	-1,541
Other Financing Activities	-3,746	-4,020	-3,035	-988.97
Financing Cash Flow	-2,636	-2,343	1,354	-355.95
Foreign Exchange Rate Adjustments	-56.5	-98.95	-134	108.4
Net Cash Flow	-1,192	-1,342	2,786	-3,237
Free Cash Flow	1,331	1,210	1,935	-1,684
Free Cash Flow Growth	10.02%	-37.47%	-	-
Free Cash Flow Margin	5.49%	4.93%	9.01%	-7.41%
Free Cash Flow Per Share	0.13	0.12	0.19	-0.17
Cash Interest Paid	3,074	3,359	2,798	2,294
Cash Income Tax Paid	748.95	698.57	736.23	553.57
Levered Free Cash Flow	-1,911	-80.8	-3,327	-1,192
Unlevered Free Cash Flow	-14.16	1,934	-1,632	175.8
Change in Working Capital	-5,654	-4,902	-4,671	-8,567

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