Shenzhen Expressway Corporation Limited (HKG:0548)
Hong Kong · Delayed Price · Currency is HKD 6.70
-0.10 (-1.47%)
Sep 11, 2026, 4:08 PM HKT
HKG:0548 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 | Jun '26 Jun 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 | 1,108 | 1,149 | 1,145 | 2,327 | 2,016 | 2,613 |
Depreciation & Amortization | 2,331 | 2,452 | 2,297 | 2,344 | 2,261 | 2,274 |
Other Amortization | 21.66 | 21.35 | 13.59 | 18.49 | 15.77 | 17.2 |
Loss (Gain) From Sale of Assets | -3 | -3.03 | -8.83 | -13.65 | -7.3 | -17.39 |
Asset Writedown & Restructuring Costs | 500.93 | 334.17 | 219.8 | 264.45 | -30.09 | 124.75 |
Loss (Gain) From Sale of Investments | -726.73 | -685.54 | -1,028 | -1,658 | -1,534 | -1,316 |
Provision & Write-off of Bad Debts | 122.03 | 142.24 | 113.1 | 100.21 | 83.24 | 34.1 |
Other Operating Activities | 809.6 | 909.47 | 1,380 | 1,193 | 951.16 | 1,221 |
Change in Accounts Receivable | 573.12 | 394.31 | -700.57 | -44.42 | 247.07 | -328.83 |
Change in Inventory | 175.24 | 165.65 | 97.56 | -173.53 | -74.45 | -127.34 |
Change in Accounts Payable | -127.73 | -230.72 | 151.63 | -284.82 | -559.09 | -670.87 |
Operating Cash Flow | 4,708 | 4,624 | 3,717 | 4,095 | 3,369 | 3,757 |
Operating Cash Flow Growth | 20.36% | 24.38% | -9.22% | 21.53% | -10.32% | 241.38% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -2,105 | -3,280 | -2,059 | -2,096 | -2,091 | -3,799 |
Sale of Property, Plant & Equipment | 1.58 | 1.61 | 0.86 | 13.34 | 0.05 | 23.71 |
Cash Acquisitions | -3.78 | - | 5.44 | - | -1,540 | -668.39 |
Divestitures | 0 | 0 | 1,275 | - | - | - |
Investment in Securities | -845.4 | -2,252 | -331.39 | 171.02 | -934.19 | 626.01 |
Other Investing Activities | 810.24 | 714.91 | 1,074 | 987.6 | 1,127 | 547.3 |
Investing Cash Flow | -2,143 | -4,815 | -36.15 | -923.61 | -3,439 | -3,270 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | - | - | 19.67 | - | 20 | 367.25 |
Long-Term Debt Issued | - | 16,584 | 23,331 | 18,496 | 25,078 | 20,776 |
Total Debt Issued | 8,719 | 16,584 | 23,350 | 18,496 | 25,098 | 21,144 |
Short-Term Debt Repaid | - | - | -437.01 | - | - | -231.57 |
Long-Term Debt Repaid | - | -17,121 | -22,931 | -20,160 | -24,375 | -16,907 |
Lease Payments | -21.69 | -21.69 | -19.99 | -46.24 | -345.69 | -34.67 |
Total Debt Repaid | -9,716 | -17,121 | -23,368 | -20,160 | -24,375 | -17,139 |
Net Debt Issued (Repaid) | -997.46 | -537.87 | -17.55 | -1,664 | 723.15 | 4,005 |
Issuance of Common Stock | 398.71 | 8,703 | - | - | - | 5.94 |
Repurchase of Common Stock | -4,000 | -4,000 | - | - | - | - |
Common Dividends Paid | -1,284 | -1,414 | -2,416 | -2,447 | -2,629 | -2,488 |
Other Financing Activities | 2,909 | -474.8 | -373.75 | -298.38 | -430.95 | -362.34 |
Financing Cash Flow | -2,973 | 2,277 | -2,807 | -4,409 | -2,337 | 1,161 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -11.92 | -10.87 | -158.61 | -3.94 | 146.82 | -6.03 |
Net Cash Flow | -419.99 | 2,075 | 715.27 | -1,242 | -2,260 | 1,642 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 2,603 | 1,344 | 1,658 | 1,999 | 1,278 | -41.22 |
Free Cash Flow Growth | 251.08% | -18.93% | -17.07% | 56.44% | - | - |
Free Cash Flow Margin | 28.92% | 14.51% | 17.93% | 21.51% | 13.64% | -0.38% |
Free Cash Flow Per Share | 0.95 | 0.50 | 0.64 | 0.84 | 0.53 | -0.02 |
Levered Free Cash Flow | 436.32 | -724.37 | 2,031 | 909.48 | -1,043 | -8.72 |
Unlevered Free Cash Flow | 974.04 | -186.65 | 2,694 | 1,678 | -302.75 | 703.76 |
Free Cash Flow After Leases | 2,581 | 1,322 | 1,638 | 1,953 | 932.32 | -75.89 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 6.69 | 6.69 | 6.63 | 6.61 | - | - |
Cash Income Tax Paid | 649.27 | 649.27 | 762.53 | 684.61 | 617.04 | 810.82 |
Change in Working Capital | 544.01 | 303.27 | -414.78 | -480.12 | -386.78 | -1,193 |