HKG:0631 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	1,102	1,929	1,665	1,259
Depreciation & Amortization	793.11	515.34	292.54	248.86
Other Amortization	9.55	9.98	-	-
Loss (Gain) From Sale of Assets	-15.96	15.43	-3.74	-171.71
Asset Writedown & Restructuring Costs	756.01	4.15	21.39	-
Loss (Gain) From Sale of Investments	-94.26	-89.9	-137.79	-176.57
Stock-Based Compensation	141.29	103.19	118.24	26.14
Provision & Write-off of Bad Debts	130.13	222.83	87.34	-2.21
Other Operating Activities	-415.52	-311.23	-111.66	-255.45
Change in Accounts Receivable	-1,827	-1,565	-2,517	-1,394
Change in Inventory	-1,655	565.74	-731.87	-839.15
Change in Accounts Payable	3,256	466.82	2,224	1,527
Change in Unearned Revenue	257.89	930.07	599.22	140.27
Change in Other Net Operating Assets	-286.52	-272.44	-420.89	561.38
Operating Cash Flow	2,152	2,524	1,084	922.8
Operating Cash Flow Growth	-14.73%	132.75%	17.52%	-13.79%
Capital Expenditures	-755.23	-2,320	-1,129	-939.23
Sale of Property, Plant & Equipment	30.57	26.29	239.84	54.25
Cash Acquisitions	7.56	-2,509	-	-17.82
Divestitures	-14.28	-	-	-0
Sale (Purchase) of Intangibles	-164.07	-43.57	-	-
Investment in Securities	-159.14	-43.37	1,730	520.12
Other Investing Activities	81.13	-75.55	-201.62	86.66
Investing Cash Flow	-973.45	-4,965	639.25	-296.01
Long-Term Debt Issued	5,676	7,071	3,828	3,812
Total Debt Issued	5,676	7,071	3,828	3,812
Short-Term Debt Repaid	-	-	-	-500
Long-Term Debt Repaid	-3,930	-3,358	-3,639	-2,996
Total Debt Repaid	-3,930	-3,358	-3,639	-3,496
Net Debt Issued (Repaid)	1,746	3,713	189.2	316.28
Issuance of Common Stock	3.65	103.95	8.32	26.47
Common Dividends Paid	-633.9	-728.79	-466.19	-450.72
Other Financing Activities	-221.36	-127.39	-108.15	-118.74
Financing Cash Flow	894.53	2,961	-376.81	-226.7
Foreign Exchange Rate Adjustments	25.21	31.78	-6.38	7.8
Net Cash Flow	2,098	551.25	1,340	407.88
Free Cash Flow	1,397	204.11	-44.8	-16.43
Free Cash Flow Growth	584.40%	-	-	-
Free Cash Flow Margin	6.38%	1.01%	-0.29%	-0.16%
Free Cash Flow Per Share	0.38	0.06	-0.01	-0.01
Cash Interest Paid	236.85	143.37	130.64	128.52
Cash Income Tax Paid	515.87	430.5	144.83	184.58
Levered Free Cash Flow	962.22	76.27	-798.85	2.76
Unlevered Free Cash Flow	1,113	178.74	-717.27	78.17
Change in Working Capital	-253.8	125.25	-846.79	-5.33

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