HKG:0392 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	5,123	5,498	6,512	8,080
Depreciation & Amortization	4,087	4,048	3,991	4,231
Other Amortization	72.39	58.89	51.14	54.85
Loss (Gain) on Sale of Assets	2.73	-19.85	-27.98	-4.04
Loss (Gain) on Sale of Investments	-	-	-175.44	-1,326
Loss (Gain) on Equity Investments	-4,816	-5,307	-5,078	-5,134
Asset Writedown	78.95	-564.14	233.51	99.29
Change in Accounts Receivable	-891.81	187.64	386.22	-180.38
Change in Inventory	-1,675	-67.53	-36.59	-812.59
Change in Accounts Payable	-747.48	-185.63	1,298	-377.03
Change in Other Net Operating Assets	11.91	-298.25	-3,300	668.42
Other Operating Activities	2,166	2,283	1,238	1,348
Operating Cash Flow	3,484	5,692	5,142	6,724
Operating Cash Flow Growth	-38.79%	10.70%	-23.53%	3.19%
Capital Expenditures	-6,008	-8,729	-10,458	-8,178
Sale of Property, Plant & Equipment	1,041	615.58	335.32	361.35
Cash Acquisitions	-	-	47.58	-
Divestitures	-53.91	-	-	-
Sale (Purchase) of Intangibles	-399.71	-273.74	-1,042	-1,194
Investment in Securities	-1,176	-2,297	-2,276	-1,318
Other Investing Activities	5,621	5,674	5,025	5,120
Investing Cash Flow	-1,005	-5,109	-8,369	-5,209
Long-Term Debt Issued	59,205	63,586	34,619	23,879
Long-Term Debt Repaid	-56,488	-57,627	-30,700	-20,899
Net Debt Issued (Repaid)	2,717	5,959	3,920	2,980
Repurchase of Common Stock	-46.85	-	-39.01	-
Common Dividends Paid	-1,737	-2,248	-1,433	-1,172
Other Financing Activities	-2,943	-3,235	-2,131	-1,673
Financing Cash Flow	-2,009	475.47	317.59	134.46
Foreign Exchange Rate Adjustments	6.19	21.41	4.51	492.12
Net Cash Flow	475.59	1,080	-2,905	2,142
Free Cash Flow	-2,524	-3,037	-5,317	-1,455
Free Cash Flow Margin	-3.00%	-3.69%	-6.70%	-2.22%
Free Cash Flow Per Share	-2.00	-2.41	-4.21	-1.15
Cash Interest Paid	2,510	2,872	1,782	1,413
Cash Income Tax Paid	1,617	1,147	1,215	766.68
Levered Free Cash Flow	-5,536	-5,980	-7,753	-3,752
Unlevered Free Cash Flow	-3,976	-4,329	-6,640	-2,838
Change in Working Capital	-3,302	-363.76	-1,653	-701.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.