HKG:0777 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	151	311	550	834	1,062
Depreciation & Amortization	320	403	348	341	354
Other Amortization	122	98	73	51	53
Loss (Gain) From Sale of Assets	-25	-239	-70	-	-
Asset Writedown & Restructuring Costs	67	25	-4	82	19
Loss (Gain) From Sale of Investments	-35	-67	-75	33	3
Loss (Gain) on Equity Investments	-6	-3	4	17	16
Stock-Based Compensation	23	27	104	6	14
Provision & Write-off of Bad Debts	25	-2	3	14	8
Other Operating Activities	-168	127	77	-213	-117
Change in Accounts Receivable	146	285	-19	199	-322
Change in Inventory	9	174	302	-234	-374
Change in Accounts Payable	-247	-83	-211	-23	389
Change in Unearned Revenue	-12	-32	73	47	-48
Change in Other Net Operating Assets	8	28	-40	-84	-30
Operating Cash Flow	378	1,052	1,115	1,070	1,027
Operating Cash Flow Growth	-64.07%	-5.65%	4.21%	4.19%	-22.76%
Capital Expenditures	-145	-166	-278	-169	-144
Sale of Property, Plant & Equipment	2	3	2	2	2
Cash Acquisitions	-	-	28	-34	-
Divestitures	-19	101	-1	-3	-
Sale (Purchase) of Intangibles	-143	-7	-110	-129	-293
Investment in Securities	220	24	-176	156	-589
Other Investing Activities	-917	-725	-251	52	183
Investing Cash Flow	-1,093	-875	-915	-106	-839
Long-Term Debt Issued	2,106	1,790	1,150	878	411
Long-Term Debt Repaid	-1,819	-1,197	-1,840	-606	-409
Total Debt Repaid	-1,819	-1,197	-1,840	-606	-409
Net Debt Issued (Repaid)	287	593	-690	272	2
Issuance of Common Stock	-	-	5	-	5
Repurchase of Common Stock	-55	-	-134	-68	-242
Common Dividends Paid	-487	-387	-387	-1,225	-302
Other Financing Activities	6	-10	1	2	-7
Financing Cash Flow	-249	130	-1,695	-1,019	-544
Foreign Exchange Rate Adjustments	11	-50	35	39	-41
Net Cash Flow	-953	257	-1,460	-16	-397
Free Cash Flow	233	886	837	901	883
Free Cash Flow Growth	-73.70%	5.85%	-7.10%	2.04%	-17.70%
Free Cash Flow Margin	5.21%	14.65%	11.79%	11.45%	12.55%
Free Cash Flow Per Share	0.44	1.67	1.57	1.67	1.59
Cash Interest Paid	73	111	102	62	68
Cash Income Tax Paid	200	206	300	320	358
Levered Free Cash Flow	-716.75	-168.25	962.75	737.75	529.59
Unlevered Free Cash Flow	-634.25	-67.63	1,130	874.63	645.84
Change in Working Capital	-96	372	105	-95	-385

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