HKG:0819 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	1,437	1,142	1,822	1,796	1,300
Depreciation & Amortization	1,243	1,116	867.24	769.16	602.58
Loss (Gain) From Sale of Assets	52.28	46.64	55.17	13.13	-
Asset Writedown & Restructuring Costs	71.69	266.09	-	-	45.99
Loss (Gain) From Sale of Investments	-49.51	6.26	20.3	15.44	14.07
Loss (Gain) on Equity Investments	9.68	0.49	0.84	0.91	2.74
Stock-Based Compensation	0.75	6.75	8.43	7.64	13.32
Provision & Write-off of Bad Debts	8.03	38.27	55.44	143.06	113.46
Other Operating Activities	-411.01	-382.17	-449.98	93.38	-392
Change in Accounts Receivable	-1,727	451.72	-29.47	-1,796	-1,057
Change in Inventory	648.24	-1,724	-610.97	-2,678	-390.11
Change in Accounts Payable	3,984	206.61	51.45	2,770	1,369
Change in Unearned Revenue	-181.97	-459.2	381.86	203.36	-812.15
Change in Other Net Operating Assets	99.78	-245.86	-164.53	55.4	205.64
Operating Cash Flow	5,191	549.17	2,330	1,590	2,105
Operating Cash Flow Growth	845.24%	-76.43%	46.56%	-24.47%	0.14%
Capital Expenditures	-1,462	-2,499	-3,575	-2,923	-2,029
Sale of Property, Plant & Equipment	35.59	155.36	57.69	43.78	65.12
Cash Acquisitions	-	-	-	16.63	-
Divestitures	-	-	31.1	64.02	-
Sale (Purchase) of Real Estate	9.65	-	-	-	-
Investment in Securities	-2,096	-1,136	348.19	772.18	-1,105
Other Investing Activities	2,330	-5,559	-302.83	-1,451	-1,618
Investing Cash Flow	-1,065	-8,463	-3,576	-4,211	-4,948
Long-Term Debt Issued	14,586	12,396	13,470	7,958	8,175
Long-Term Debt Repaid	-19,677	-2,955	-10,616	-6,184	-5,541
Net Debt Issued (Repaid)	-5,092	9,441	2,854	1,774	2,634
Common Dividends Paid	-176.42	-440.78	-509.82	-282.01	-374.81
Other Financing Activities	-171.53	-1,403	812.44	-21.42	4,826
Financing Cash Flow	-5,440	7,597	3,157	1,470	7,085
Net Cash Flow	-1,314	-316.22	1,910	-1,152	4,241
Free Cash Flow	3,729	-1,950	-1,245	-1,333	76.11
Free Cash Flow Growth	-	-	-	-	-92.06%
Free Cash Flow Margin	6.93%	-2.54%	-1.48%	-1.79%	0.09%
Free Cash Flow Per Share	3.31	-1.72	-1.08	-1.16	0.07
Cash Interest Paid	431.99	475.41	449.87	339.29	250.56
Cash Income Tax Paid	554.45	665.23	903.53	589.36	572.86
Levered Free Cash Flow	3,156	-5,116	-2,699	-3,287	-3,262
Unlevered Free Cash Flow	3,427	-4,775	-2,397	-3,074	-3,103
Change in Working Capital	2,829	-1,692	-49.74	-1,250	404.51

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