HKG:0895 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-1,344	-804.19	-750.47	-499.07	160.74
Depreciation & Amortization	638.57	647.88	602.47	585.57	514.2
Other Amortization	30.29	31.83	35.96	36.99	34.46
Loss (Gain) From Sale of Assets	-0.88	-4.39	-0.71	-0.97	-3.91
Asset Writedown & Restructuring Costs	426.26	209.72	179.51	209.69	99.74
Loss (Gain) From Sale of Investments	8.94	-3.62	3.74	-8.23	-13.35
Provision & Write-off of Bad Debts	-	12.66	-	31.71	-
Other Operating Activities	226.14	125	48.86	141.4	130.55
Change in Accounts Receivable	295.76	-77.02	144.58	-6.26	-272.67
Change in Inventory	117.1	5.22	-112.88	-128.12	-284.24
Change in Accounts Payable	-7.76	-75.82	-166.16	-129.85	8.24
Change in Other Net Operating Assets	-	58.65	18.57	33.81	16.37
Operating Cash Flow	387.03	125.42	1.03	283.54	390.96
Operating Cash Flow Growth	208.59%	12084.43%	-99.64%	-27.48%	-59.87%
Capital Expenditures	-163.8	-206.65	-426.32	-545.47	-849.69
Sale of Property, Plant & Equipment	2.71	17.4	0.61	4.94	8.44
Cash Acquisitions	-	-	-	-41.53	-380.57
Divestitures	-	1.39	-	-2.08	2.46
Investment in Securities	-11.2	50.94	-80.18	28.42	-113.48
Other Investing Activities	7.68	12.55	12.35	0.4	-
Investing Cash Flow	-164.61	-124.37	-493.55	-555.33	-1,333
Long-Term Debt Issued	3,139	3,099	3,875	3,990	3,572
Long-Term Debt Repaid	-3,152	-3,088	-3,699	-3,358	-2,496
Net Debt Issued (Repaid)	-13.63	11	176.32	632.02	1,076
Issuance of Common Stock	-	-	1,196	-	-
Common Dividends Paid	-161.43	-183.82	-241.59	-222.21	-232.54
Other Financing Activities	36.2	-50.75	-18.98	-43	-33.37
Financing Cash Flow	-138.87	-223.57	1,112	366.81	809.71
Foreign Exchange Rate Adjustments	0.01	1.01	0.49	1.41	0.02
Net Cash Flow	83.57	-221.5	619.95	96.43	-132.15
Free Cash Flow	223.23	-81.23	-425.29	-261.93	-458.73
Free Cash Flow Margin	6.46%	-2.33%	-10.57%	-6.75%	-11.43%
Free Cash Flow Per Share	0.20	-0.07	-0.42	-0.30	-0.51
Cash Income Tax Paid	87.04	110.7	1.53	18.19	176.6
Levered Free Cash Flow	606.89	8.99	-219.78	-340.65	-556.99
Unlevered Free Cash Flow	606.89	133.27	-104.05	-230.19	-472.6
Change in Working Capital	401.3	-89.47	-118.33	-213.56	-531.47

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