HKG:0412 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	794.54	550.09	-149.55	24.77
Depreciation & Amortization	1,897	1,730	912.74	16.77
Other Amortization	3.2	2.77	2.49	1.71
Loss (Gain) From Sale of Assets	1.46	11.53	-3.56	-139.42
Asset Writedown & Restructuring Costs	3.61	24.49	442.64	24.64
Loss (Gain) From Sale of Investments	-173.27	275.17	272.37	-182.7
Loss (Gain) on Equity Investments	-39.12	127.96	-21.91	-9.19
Provision & Write-off of Bad Debts	-36.58	-73.71	-208.27	23.36
Other Operating Activities	1,768	114.57	368.61	244.06
Change in Accounts Receivable	-468.01	219.32	722.44	-155.06
Change in Inventory	20.27	18.98	-40.51	-
Change in Accounts Payable	-461.01	-1,236	-1,210	-
Change in Other Net Operating Assets	-574.43	-700.65	1,704	-640.99
Operating Cash Flow	2,690	2,998	5,450	-388.3
Operating Cash Flow Growth	-10.27%	-44.98%	-	-
Capital Expenditures	-1,127	-1,299	-724.16	-44.13
Sale of Property, Plant & Equipment	-	4.02	7.41	0.05
Cash Acquisitions	-	-382.83	978.87	6.27
Divestitures	-	-	-46.46	-123.91
Sale (Purchase) of Intangibles	-10.98	-7.13	-2.59	-1.83
Investment in Securities	-431.69	-2,168	358.21	-1,071
Other Investing Activities	-152.97	-250.62	-333.51	81.53
Investing Cash Flow	-1,693	-4,062	411.2	-1,153
Long-Term Debt Issued	18,254	17,022	19,542	7,902
Total Debt Issued	18,254	17,022	19,542	7,902
Long-Term Debt Repaid	-19,060	-16,441	-20,915	-8,704
Total Debt Repaid	-19,060	-16,441	-20,915	-8,704
Net Debt Issued (Repaid)	-806.13	581.48	-1,373	-802.64
Issuance of Common Stock	6,092	-	-	-
Repurchase of Common Stock	-6,272	-	-8.58	-
Common Dividends Paid	-485.88	-269.22	-267.71	-244.73
Other Financing Activities	-501.71	2,045	-1,451	-396.69
Financing Cash Flow	-1,974	2,358	-3,100	-1,444
Foreign Exchange Rate Adjustments	82.73	18.02	-55.46	-37.96
Net Cash Flow	-893.65	1,312	2,705	-3,024
Free Cash Flow	1,563	1,700	4,725	-432.43
Free Cash Flow Growth	-8.03%	-64.03%	-	-
Free Cash Flow Margin	28.01%	34.01%	127.39%	-49.81%
Free Cash Flow Per Share	0.26	0.28	0.79	-0.07
Cash Interest Paid	1,829	1,966	1,514	396.69
Cash Income Tax Paid	268.41	234.43	59.85	1.41
Levered Free Cash Flow	728.42	-1,091	-5,250	-526.79
Unlevered Free Cash Flow	1,849	77.23	-4,349	-389.52
Change in Working Capital	-1,489	133.16	3,775	-685.49

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