HKG:0694 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	-630.04	-1,390	-1,697	-3,527	-2,117
Depreciation & Amortization	1,502	1,455	1,506	1,511	1,527
Other Amortization	51.99	54.14	43.97	42.27	45.16
Loss (Gain) From Sale of Assets	16.13	10.69	2	24.37	0.45
Loss (Gain) From Sale of Investments	84.43	-9.66	-	-	-
Loss (Gain) on Equity Investments	8.93	3.71	-5.25	-	-
Provision & Write-off of Bad Debts	-	-	56.38	105.47	-7.1
Other Operating Activities	380.03	999.11	331.59	-27.05	-399.87
Change in Accounts Receivable	-127.44	252.5	-622.67	52.95	10.25
Change in Inventory	12.48	10.77	12.84	0.04	-51.86
Change in Accounts Payable	293.78	-1,269	-156.9	385.63	468.55
Change in Other Net Operating Assets	14.45	-20.01	-46.61	-69.56	-98
Operating Cash Flow	1,607	97.6	-575.86	-1,501	-621.49
Operating Cash Flow Growth	1546.43%	-	-	-	-
Capital Expenditures	-553.82	-372.11	-270.93	-479.31	-570.76
Sale of Property, Plant & Equipment	4.8	-	-	-	-
Sale (Purchase) of Intangibles	-0.44	-50.6	-22.04	-40.26	-70.63
Investment in Securities	0.56	-	-40.51	-	-
Other Investing Activities	16.96	13.58	14.84	40.4	20.74
Investing Cash Flow	-531.93	-409.13	-318.64	-479.18	-620.65
Long-Term Debt Issued	7,224	8,500	10,060	6,200	4,920
Total Debt Issued	7,224	8,500	10,060	6,200	4,920
Long-Term Debt Repaid	-7,676	-7,799	-9,194	-4,636	-3,623
Total Debt Repaid	-7,676	-7,799	-9,194	-4,636	-3,623
Net Debt Issued (Repaid)	-452.02	701.2	865.53	1,564	1,297
Issuance of Common Stock	-	-	-	-	53.46
Other Financing Activities	-198.53	-244.03	-279.97	-219.04	-180.58
Financing Cash Flow	-650.55	457.17	585.56	1,345	1,170
Foreign Exchange Rate Adjustments	-0.36	0.26	0.33	1.83	-0.52
Net Cash Flow	424.11	145.89	-308.61	-634.06	-72.33
Free Cash Flow	1,053	-274.51	-846.79	-1,981	-1,192
Free Cash Flow Margin	18.70%	-5.00%	-18.58%	-88.78%	-35.65%
Free Cash Flow Per Share	0.23	-0.06	-0.18	-0.43	-0.26
Cash Interest Paid	215.34	249.03	272.38	206.28	180.58
Cash Income Tax Paid	-	-7.93	-39.12	-108.57	-173.51
Levered Free Cash Flow	817.54	-420.18	-622.74	-1,111	-436.05
Unlevered Free Cash Flow	991.62	-236.11	-432.13	-912.86	-298.66
Change in Working Capital	193.27	-1,026	-813.33	369.07	328.92

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