HKG:0737 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	467.53	460.92	528.48	278.57	711.43
Depreciation & Amortization	335	274.26	237.65	184.43	220.45
Other Amortization	5.6	5.38	-	-	-
Loss (Gain) From Sale of Assets	0.03	-0.02	-	0.47	-0.1
Loss (Gain) From Sale of Investments	-	-	-	-	-12.06
Loss (Gain) on Equity Investments	-557.11	-585.26	-691.3	-353.56	-656.76
Other Operating Activities	290.56	425.51	404.27	184.12	23.97
Change in Accounts Receivable	-3.13	-6.02	-10.47	52.56	-151.75
Change in Inventory	-0.01	-0.02	0.22	0.1	-0.15
Change in Accounts Payable	32.49	-5.8	-0.99	-259.51	-768.03
Operating Cash Flow	570.96	568.94	467.85	87.18	-632.98
Operating Cash Flow Growth	0.35%	21.61%	436.66%	-	-
Capital Expenditures	-21.23	-274.9	-308.78	-318.27	-19.76
Sale of Property, Plant & Equipment	0.01	0.01	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-0.18
Investment in Securities	-504.91	160	-70	-100	336
Other Investing Activities	293.28	162.53	613.31	728.27	409.13
Investing Cash Flow	-232.86	47.65	234.53	310	725.19
Short-Term Debt Issued	-	-	-	30.16	51.85
Long-Term Debt Issued	5,945	1,908	1,204	2,379	2,466
Total Debt Issued	5,945	1,908	1,204	2,409	2,518
Long-Term Debt Repaid	-5,578	-1,497	-1,179	-545.76	-1,575
Total Debt Repaid	-5,578	-1,497	-1,179	-545.76	-1,575
Net Debt Issued (Repaid)	367.93	411.21	25.04	1,863	942.24
Repurchase of Common Stock	-	-	-265.94	-3,050	-
Common Dividends Paid	-452.38	-608.02	-279.76	-509.64	-868.52
Other Financing Activities	-125.64	-170.08	-175.53	-88.02	-30.87
Financing Cash Flow	-210.08	-366.89	-696.19	-1,785	42.84
Foreign Exchange Rate Adjustments	-4.23	-0.02	3.4	1.55	1.88
Net Cash Flow	123.8	249.67	9.6	-1,386	136.92
Free Cash Flow	549.73	294.04	159.08	-231.1	-652.75
Free Cash Flow Growth	86.96%	84.84%	-	-	-
Free Cash Flow Margin	69.90%	33.43%	16.84%	-29.26%	-106.39%
Free Cash Flow Per Share	0.18	0.10	0.05	-0.07	-0.21
Cash Interest Paid	123.61	169.54	167.9	85.11	20.51
Cash Income Tax Paid	60.77	1.97	2.6	11.48	151.63
Levered Free Cash Flow	550.23	-185.24	140.34	-116.55	63.26
Unlevered Free Cash Flow	629.38	-75.85	247.79	-63.35	78.37
Change in Working Capital	29.35	-11.84	-11.25	-206.85	-919.93

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