HKG:0552 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	3,610	3,607	3,584	3,360	3,157
Depreciation & Amortization	1,630	1,675	1,672	1,598	1,529
Loss (Gain) From Sale of Assets	-	-5.71	-14.72	-20.12	-111.99
Asset Writedown & Restructuring Costs	-	0	2.26	-	-
Loss (Gain) From Sale of Investments	-	-0.05	-33.5	0.04	-
Loss (Gain) on Equity Investments	-	-149.15	-116.34	-92.75	-91.92
Provision & Write-off of Bad Debts	-	514.79	416.88	333.09	67.64
Other Operating Activities	-4,303	-289	-328.97	-465.06	-463.31
Change in Accounts Receivable	-	-12,196	-7,339	-6,092	-1,852
Change in Inventory	-	-135.67	121.39	97.87	158.75
Change in Accounts Payable	-	13,607	8,837	8,323	2,981
Change in Unearned Revenue	-	-337.24	-1,341	-581.2	471.53
Change in Other Net Operating Assets	-	-70.3	-104.97	-1,551	-1,340
Operating Cash Flow	937.72	6,221	5,356	4,909	4,506
Operating Cash Flow Growth	-84.93%	16.14%	9.11%	8.95%	-17.38%
Capital Expenditures	-742	-1,161	-1,218	-1,226	-1,769
Sale of Property, Plant & Equipment	-	25.23	27.11	32.43	24.16
Cash Acquisitions	-	-	-18.45	-	-
Divestitures	-	-	-	-	6.26
Investment in Securities	-	-6,325	-1,239	-1,870	-2,462
Other Investing Activities	-3,379	295.41	333.31	773.97	530.9
Investing Cash Flow	-4,121	-7,165	-2,116	-2,289	-3,670
Long-Term Debt Issued	-	403.9	643.92	240.18	430.42
Long-Term Debt Repaid	-	-1,173	-1,271	-726.68	-828.05
Net Debt Issued (Repaid)	-	-769.22	-627.13	-486.5	-397.63
Common Dividends Paid	-1,515	-1,573	-1,405	-1,195	-945.79
Other Financing Activities	-599.06	-	-369.93	0.22	900
Financing Cash Flow	-2,114	-2,342	-2,402	-1,744	-628.35
Foreign Exchange Rate Adjustments	-	9.32	-11.23	39.11	-45.52
Net Cash Flow	-5,297	-3,277	827.2	914.8	162.54
Free Cash Flow	195.72	5,060	4,138	3,683	2,737
Free Cash Flow Growth	-96.13%	22.29%	12.36%	34.57%	42.40%
Free Cash Flow Margin	0.13%	3.37%	2.78%	2.62%	2.04%
Free Cash Flow Per Share	0.03	0.73	0.60	0.53	0.40
Cash Interest Paid	-	105.78	115.73	134.52	90.5
Cash Income Tax Paid	-	471.43	419.13	492.11	475.49
Levered Free Cash Flow	-4,832	2,411	3,668	2,445	3,487
Unlevered Free Cash Flow	-4,778	2,477	3,739	2,502	3,536
Change in Working Capital	-	867.86	174.05	196.59	419.33

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