China Unicom (Hong Kong) 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	20,613	18,726	16,745	14,368
Depreciation & Amortization	79,950	81,094	83,198	82,161
Other Amortization	3,442	3,753	3,631	3,491
Loss (Gain) From Sale of Assets	-2,827	1,181	1,882	3,749
Loss (Gain) From Sale of Investments	-67	-129	-96	24
Loss (Gain) on Equity Investments	-4,073	-4,322	-3,746	-3,310
Stock-Based Compensation	247	282	55	136
Provision & Write-off of Bad Debts	7,275	6,356	6,918	3,301
Other Operating Activities	-1,214	-146	-273	-1,155
Change in Accounts Receivable	-27,118	-18,240	-13,571	-3,789
Change in Inventory	-377	-94	-338	-359
Change in Accounts Payable	20,870	12,124	14,866	7,053
Change in Unearned Revenue	-373	2,829	256	3,946
Change in Other Net Operating Assets	-6,946	-1,023	-8,990	1,020
Operating Cash Flow	89,402	102,391	100,537	110,636
Operating Cash Flow Growth	-12.69%	1.84%	-9.13%	4.82%
Capital Expenditures	-75,740	-79,375	-72,470	-72,047
Sale of Property, Plant & Equipment	1,976	1,388	1,710	2,267
Cash Acquisitions	-4	-	-	1,462
Investment in Securities	-12,776	-9,111	7,551	-7,558
Other Investing Activities	1,888	1,555	7,097	1,092
Investing Cash Flow	-84,656	-85,543	-56,112	-74,784
Short-Term Debt Issued	-	-	5,000	7,485
Long-Term Debt Issued	1,493	1,294	801	207
Total Debt Issued	1,493	1,294	5,801	7,692
Short-Term Debt Repaid	-680	-6,243	-7,185	-7,740
Long-Term Debt Repaid	-13,327	-12,488	-16,793	-16,997
Total Debt Repaid	-14,007	-18,731	-23,978	-24,737
Net Debt Issued (Repaid)	-12,514	-17,437	-18,177	-17,045
Common Dividends Paid	-11,683	-9,546	-7,986	-8,690
Other Financing Activities	133	2,468	2,353	1,156
Financing Cash Flow	-24,064	-24,515	-23,810	-24,579
Foreign Exchange Rate Adjustments	65	103	402	-78
Net Cash Flow	-19,253	-7,564	21,017	11,195
Free Cash Flow	13,662	23,016	28,067	38,589
Free Cash Flow Growth	-40.64%	-18.00%	-27.27%	-17.71%
Free Cash Flow Margin	3.51%	6.18%	7.91%	11.77%
Free Cash Flow Per Share	0.45	0.75	0.92	1.26
Cash Interest Paid	1,797	1,906	1,150	1,324
Cash Income Tax Paid	5,217	3,830	3,425	3,669
Levered Free Cash Flow	374.25	15,427	36,903	32,096
Unlevered Free Cash Flow	1,462	16,665	37,566	32,911
Change in Working Capital	-13,944	-4,404	-7,777	7,871

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