HKG:0956 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,736	1,672	2,207	2,293	2,295	1,511
Depreciation & Amortization	3,041	3,041	2,371	2,320	2,121	1,579
Other Amortization	38.7	38.7	8.23	8.95	7.34	9.92
Loss (Gain) on Sale of Assets	-0.62	-0.62	3.34	-0.29	-0.24	-0.26
Loss (Gain) on Sale of Investments	-148.14	-148.14	-365.63	-255.24	-295.94	-266.42
Asset Writedown	307.33	307.33	117.71	41.53	19.03	56.4
Change in Accounts Receivable	-1,060	-1,060	-903.39	902.8	-3,159	-1,860
Change in Inventory	-1,154	-1,154	-861.79	109.66	-156.08	-6.49
Change in Accounts Payable	-397.18	-397.18	588.4	266.97	1,701	1,581
Change in Other Net Operating Assets	2.35	2.35	49.92	4.82	-	-
Other Operating Activities	4,091	1,488	1,632	1,781	1,788	1,341
Operating Cash Flow	6,387	3,721	4,852	7,463	4,333	3,899
Operating Cash Flow Growth	19.89%	-23.31%	-34.99%	72.26%	11.14%	4.47%
Capital Expenditures	-9,183	-7,525	-6,578	-7,288	-7,946	-9,860
Sale of Property, Plant & Equipment	18.41	18.55	20.83	9.84	0.68	0.36
Cash Acquisitions	-	-	-45.48	-128.44	-39.23	-
Divestitures	396.6	-	-	-	3.92	-
Investment in Securities	112.78	211.97	22.37	-848.7	-307.04	-117.73
Other Investing Activities	333.36	352.55	163.93	606.26	976.3	163.6
Investing Cash Flow	-8,321	-6,942	-6,416	-7,649	-7,311	-9,814
Long-Term Debt Issued	-	17,477	12,993	12,686	14,278	14,897
Long-Term Debt Repaid	-	-11,702	-12,688	-9,766	-8,859	-8,453
Net Debt Issued (Repaid)	2,733	5,775	304.51	2,920	5,419	6,444
Issuance of Common Stock	24.48	76.26	-	-	5,584	400.2
Repurchase of Common Stock	-1,040	-1,040	-	-910	-590	-
Common Dividends Paid	-2,148	-2,271	-2,209	-2,282	-1,965	-1,812
Other Financing Activities	3,738	350.36	-405.89	96.32	201.08	406.91
Financing Cash Flow	3,307	2,890	-2,310	-175.59	8,649	5,438
Foreign Exchange Rate Adjustments	-3.57	-4.17	-11.89	-6.49	-0.98	6.3
Net Cash Flow	1,368	-335.34	-3,886	-367.4	5,670	-470.77
Free Cash Flow	-2,796	-3,804	-1,726	175.72	-3,613	-5,962
Free Cash Flow Margin	-13.96%	-17.80%	-8.51%	0.95%	-22.39%	-47.65%
Free Cash Flow Per Share	-0.68	-0.91	-0.41	0.04	-0.94	-1.58
Cash Income Tax Paid	615.25	863.5	928.49	721.44	645.55	475.29
Levered Free Cash Flow	-5,532	-6,371	-4,683	-940.35	-3,559	-5,523
Unlevered Free Cash Flow	-4,837	-5,597	-4,004	-168.31	-2,791	-4,945
Change in Working Capital	-2,682	-2,682	-1,135	1,285	-1,624	-262.38

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.