Zhejiang Expressway Co., Ltd. (HKG:0576)
Hong Kong · Delayed Price · Currency is HKD 6.95
+0.26 (3.89%)
Jul 31, 2026, 4:08 PM HKT
Zhejiang Expressway 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 | Mar '26 Mar 31, 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 | 5,158 | 5,325 | 5,502 | 5,224 | 5,179 | 4,762 |
Depreciation & Amortization | 3,839 | 3,839 | 3,711 | 3,626 | 3,694 | 3,166 |
Other Amortization | 127.47 | 127.47 | 101.34 | 78.72 | 63.64 | 52.25 |
Loss (Gain) From Sale of Assets | 16.75 | 16.75 | 10.15 | 9.87 | -1,861 | -47.36 |
Loss (Gain) From Sale of Investments | -114.16 | -114.16 | 564.92 | 8.05 | -30.19 | -30.55 |
Loss (Gain) on Equity Investments | -1,324 | -1,324 | -1,091 | -1,190 | -801.86 | -1,022 |
Provision & Write-off of Bad Debts | 36.38 | 36.38 | 31.29 | 23.52 | 19.91 | 6.34 |
Other Operating Activities | -2,440 | 1,786 | 1,273 | 1,081 | 137.76 | 1,458 |
Change in Accounts Receivable | -257.65 | -257.65 | -233.02 | -268.27 | -89.16 | 914.08 |
Change in Inventory | -515.62 | -515.62 | 26.28 | -713.8 | -241.47 | -7.99 |
Change in Accounts Payable | 54 | 54 | -121.97 | 44.34 | -231.68 | 200.26 |
Change in Unearned Revenue | -5.22 | -5.22 | 19.58 | -57.38 | -42.83 | 124.98 |
Change in Other Net Operating Assets | -8,706 | -8,706 | -6,160 | -241.18 | 137.02 | 9,654 |
Operating Cash Flow | -189.7 | 4,203 | 9,082 | 9,814 | 7,811 | 2,823 |
Operating Cash Flow Growth | - | -53.72% | -7.46% | 25.64% | 176.70% | 2153.15% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | -1,550 | -1,550 | -818.45 | -1,284 | -1,515 | -884.6 |
Sale of Property, Plant & Equipment | 16.85 | 16.85 | 0.57 | 10.24 | 7.59 | 11.02 |
Cash Acquisitions | 1,585 | 1,585 | - | - | - | -678.99 |
Divestitures | - | - | - | - | 2,207 | 351.65 |
Sale (Purchase) of Intangibles | -1,921 | -1,921 | -1,332 | -129.11 | -92.66 | -6.53 |
Investment in Securities | -15,602 | -15,602 | -14,561 | -16,146 | -735.78 | 89.51 |
Other Investing Activities | 2,457 | 1,039 | 1,380 | 931.95 | 645.19 | 701.49 |
Investing Cash Flow | -14,834 | -16,253 | -15,330 | -16,616 | 2,917 | -596.44 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | - | 22,769 | 10,243 | 13,569 | 8,401 | 24,664 |
Long-Term Debt Issued | - | 23,499 | 20,121 | 24,975 | 22,404 | 41,192 |
Total Debt Issued | 46,268 | 46,268 | 30,365 | 38,544 | 30,806 | 65,856 |
Short-Term Debt Repaid | - | -17,697 | -5,306 | -14,987 | -12,764 | -23,027 |
Long-Term Debt Repaid | - | -16,617 | -19,101 | -20,621 | -20,802 | -37,060 |
Total Debt Repaid | -34,314 | -34,314 | -24,407 | -35,609 | -33,566 | -60,088 |
Net Debt Issued (Repaid) | 11,954 | 11,954 | 5,958 | 2,936 | -2,760 | 5,769 |
Issuance of Common Stock | - | - | - | 6,131 | - | - |
Common Dividends Paid | -2,304 | -2,304 | -1,927 | -1,643 | -1,632 | -1,533 |
Other Financing Activities | 11,137 | 5,052 | -686.5 | -785.62 | 419.16 | 2,052 |
Financing Cash Flow | 20,786 | 14,702 | 3,344 | 6,638 | -3,973 | 6,287 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | -37.94 | -19.36 | 6.42 | 3.91 | 21.79 | -4.96 |
Net Cash Flow | 5,724 | 2,633 | -2,898 | -159.73 | 6,776 | 8,509 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | -1,740 | 2,653 | 8,264 | 8,531 | 6,297 | 1,938 |
Free Cash Flow Growth | - | -67.89% | -3.13% | 35.48% | 224.83% | - |
Free Cash Flow Margin | -8.40% | 13.43% | 45.74% | 50.29% | 41.07% | 11.92% |
Free Cash Flow Per Share | -0.29 | 0.44 | 1.37 | 1.74 | 1.30 | 0.42 |
Levered Free Cash Flow | -7,932 | -14,005 | 1,295 | 2,234 | 4,471 | 2,599 |
Unlevered Free Cash Flow | -6,925 | -13,038 | 2,383 | 3,549 | 5,655 | 3,813 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | 1,528 | 1,528 | 1,526 | 1,763 | 2,059 | 1,858 |
Cash Income Tax Paid | 2,018 | 2,018 | 1,378 | 1,258 | 1,967 | 1,753 |
Change in Working Capital | -5,489 | -5,489 | -1,021 | 952.66 | 1,410 | -5,522 |