HKG:0991 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	6,787	4,506	1,367	-407.73	-9,098	3,040
Depreciation & Amortization	14,577	14,577	13,758	13,324	13,345	14,481
Other Amortization	434.92	434.92	214.04	296.72	182.81	258.75
Loss (Gain) on Sale of Assets	-14.59	-14.59	-13.17	0.11	-35.97	-528.61
Loss (Gain) on Sale of Investments	-2,843	-2,843	-2,885	-3,118	-1,653	-2,186
Asset Writedown	1,453	1,453	1,337	355.46	1,172	1,737
Change in Accounts Receivable	-1,582	-1,582	668.62	-388.9	-3,281	-1,676
Change in Inventory	-1,178	-1,178	671.05	1,957	-3,080	892.94
Change in Accounts Payable	2,627	2,627	-2,711	2,327	6,954	1,535
Other Operating Activities	13,099	7,752	7,377	6,228	3,964	9,117
Operating Cash Flow	33,752	26,123	21,236	20,464	8,326	26,754
Operating Cash Flow Growth	30.11%	23.01%	3.78%	145.79%	-68.88%	23.46%
Capital Expenditures	-28,894	-30,480	-21,795	-20,249	-14,059	-16,633
Sale of Property, Plant & Equipment	74.92	74.85	84.94	256.55	264.84	897.73
Divestitures	-136.88	206.98	-131.19	-	11.38	258.63
Investment in Securities	-382.87	-389.72	224.91	-1,047	423.15	241.19
Other Investing Activities	3,223	1,874	3,929	1,623	145.35	1,222
Investing Cash Flow	-26,116	-28,714	-17,687	-19,417	-13,214	-14,014
Long-Term Debt Issued	-	139,557	121,143	152,356	126,705	87,937
Long-Term Debt Repaid	-	-130,793	-129,003	-148,131	-108,947	-98,211
Net Debt Issued (Repaid)	-10,503	8,764	-7,860	4,225	17,758	-10,274
Issuance of Common Stock	22,500	3,500	21,000	18,000	1,500	8,000
Repurchase of Common Stock	-3,500	-3,500	-10,000	-16,000	-	-
Common Dividends Paid	-7,117	-6,877	-7,554	-7,886	-9,497	-8,575
Other Financing Activities	-9,766	-586.45	-187.61	-928.05	-1,698	-2,000
Financing Cash Flow	-8,386	1,300	-4,602	-2,589	8,063	-12,849
Foreign Exchange Rate Adjustments	6.34	5.68	-9.62	10.36	-3.24	2.02
Net Cash Flow	-743.91	-1,285	-1,062	-1,532	3,171	-107.29
Free Cash Flow	4,857	-4,357	-558.17	214.67	-5,733	10,120
Free Cash Flow Growth	-	-	-	-	-	9.40%
Free Cash Flow Margin	3.99%	-3.53%	-0.46%	0.18%	-5.53%	10.58%
Free Cash Flow Per Share	0.26	-0.23	-0.03	0.01	-0.36	0.55
Cash Income Tax Paid	8,230	7,384	5,846	3,254	-382.65	7,699
Levered Free Cash Flow	-5,470	-14,609	-8,887	-6,298	-8,275	239.42
Unlevered Free Cash Flow	-2,632	-11,322	-5,304	-2,134	-4,180	4,497
Change in Working Capital	-42.31	-42.31	58.22	3,779	354.81	809.88

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