HKG:0588 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	-2,988	-2,827	68.06	-1,576	212.98
Depreciation & Amortization	462.7	477.92	190.06	468.95	150.81
Other Amortization	30.49	23.28	19.17	18.82	16.71
Gain (Loss) on Sale of Assets	-0.39	-0.16	-0.21	0.03	0.62
Gain (Loss) on Sale of Investments	-34.2	-190.52	-86.98	-15.95	-248.75
Asset Writedown	31.29	61.99	132.71	137.91	219.56
Change in Accounts Receivable	386.14	-34	716.59	-85.7	404.59
Change in Other Net Operating Assets	-1,288	-1,871	-9,755	-2,105	-5,660
Other Operating Activities	2,569	2,678	1,412	1,455	1,254
Operating Cash Flow	1,129	973.64	1,387	4,004	6,940
Operating Cash Flow Growth	15.91%	-29.82%	-65.35%	-42.31%	2659.45%
Acquisition of Real Estate Assets	-64.17	-141.33	-205.09	-249.31	-989.91
Sale of Real Estate Assets	1.96	1.76	1.59	2.53	0.7
Net Sale / Acq. of Real Estate Assets	-62.21	-139.57	-203.51	-246.78	-989.21
Cash Acquisition	27.57	-	-	-	-
Investment in Marketable & Equity Securities	-4.66	44.84	-3.19	135.35	-1,327
Other Investing Activities	-94.7	64.76	251.85	-132.04	227.2
Investing Cash Flow	-129.21	-29.59	55.04	-225.98	-2,080
Short-Term Debt Issued	605	1,555	2,633	2,100	-
Long-Term Debt Issued	2,474	3,470	3,092	5,723	17,186
Total Debt Issued	3,079	5,025	5,725	7,823	17,186
Long-Term Debt Repaid	-3,090	-3,625	-7,335	-10,664	-13,448
Net Debt Issued (Repaid)	-11.01	1,401	-1,610	-2,841	3,738
Repurchase of Common Stock	-	-	-	-1,000	-1,620
Common Dividends Paid	-980.96	-1,278	-1,346	-1,791	-2,127
Other Financing Activities	-414.29	-2,789	1,631	-2,718	-2,722
Net Cash Flow	-406.96	-1,722	117.33	-4,573	2,129
Cash Income Tax Paid	1,365	963.27	1,439	1,499	2,197
Levered Free Cash Flow	1,114	1,208	306.42	770.8	5,051
Unlevered Free Cash Flow	1,690	1,846	873.69	1,336	5,482
Change in Working Capital	998.83	596.3	-477.96	3,355	5,303

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