HKG:0667 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	512.6	272.62	366.57	302.17
Depreciation & Amortization	590.85	620.36	634.85	620.49
Loss (Gain) From Sale of Assets	38.12	5.04	9.26	-0.34
Loss (Gain) From Sale of Investments	-50.72	-20.41	2.11	-21.3
Stock-Based Compensation	25.1	32.99	42.91	56.18
Other Operating Activities	37.6	-25.83	-129.35	87.24
Change in Accounts Receivable	-	-	-33.95	-67.95
Change in Inventory	3.54	3.73	-6.49	-8.88
Change in Accounts Payable	-52.67	2.35	-45.12	28.46
Change in Unearned Revenue	138.93	133.9	-223.61	-18.23
Change in Other Net Operating Assets	0.53	0.03	4.54	0.03
Operating Cash Flow	1,244	1,025	621.72	977.85
Operating Cash Flow Growth	21.38%	64.83%	-36.42%	-12.05%
Capital Expenditures	-539.6	-791.04	-951.37	-763.06
Sale of Property, Plant & Equipment	7.95	7.98	4.08	4.02
Cash Acquisitions	-10	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-28.56
Sale (Purchase) of Real Estate	-78.29	-14.23	-91.37	-275.47
Investment in Securities	-23.03	515.23	368.23	363.96
Other Investing Activities	91.24	94.21	32.08	71.5
Investing Cash Flow	-551.72	-187.86	-638.34	-627.61
Long-Term Debt Repaid	-242	-247.54	-274.55	-241.41
Total Debt Repaid	-242	-247.54	-274.55	-241.41
Net Debt Issued (Repaid)	-242	-247.54	-274.55	-241.41
Issuance of Common Stock	0.29	4.78	3.52	14.34
Repurchase of Common Stock	-	-	-	-186.79
Common Dividends Paid	-396.08	-394.89	-452.65	-487
Other Financing Activities	-118.04	-139.3	-156.17	-161.33
Financing Cash Flow	-755.84	-776.95	-879.86	-1,062
Foreign Exchange Rate Adjustments	15.24	19.83	119.68	-48.09
Net Cash Flow	-48.45	79.82	-776.8	-760.03
Free Cash Flow	704.27	233.75	-329.65	214.79
Free Cash Flow Growth	201.29%	-	-	-72.44%
Free Cash Flow Margin	17.11%	5.88%	-8.63%	5.19%
Free Cash Flow Per Share	0.32	0.11	-0.15	0.09
Cash Interest Paid	118.04	139.3	156.17	161.12
Cash Income Tax Paid	99.88	116.64	139.2	206.89
Levered Free Cash Flow	592.12	104.64	-461.35	479.59
Unlevered Free Cash Flow	665.9	191.71	-363.74	580.29
Change in Working Capital	90.33	140.01	-304.63	-66.58

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