HKG:1044 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,299	2,801	1,925	3,274
Depreciation & Amortization	962.37	875.55	864.71	851.03
Other Amortization	24.54	24.27	22.28	19.88
Loss (Gain) From Sale of Assets	-124.7	26.84	69.25	31.34
Asset Writedown & Restructuring Costs	-	5.88	-	-
Loss (Gain) From Sale of Investments	216.36	126.62	-	-41.91
Loss (Gain) on Equity Investments	-0.38	-0.7	-	-
Stock-Based Compensation	8.87	45	66.19	-
Other Operating Activities	-538.54	-447.76	-588.63	-311.23
Change in Accounts Receivable	317.18	328.14	780.24	317.43
Change in Inventory	-402.88	224.16	-328.99	138.91
Change in Accounts Payable	311.02	-133.16	999.56	324.57
Operating Cash Flow	3,072	3,875	3,810	4,604
Operating Cash Flow Growth	-20.72%	1.72%	-17.24%	-8.69%
Capital Expenditures	-1,552	-1,470	-1,122	-781.33
Sale of Property, Plant & Equipment	140.36	28.42	10.84	5.09
Divestitures	-	-	-5.76	-
Sale (Purchase) of Intangibles	40.2	-50.75	-123.04	-
Investment in Securities	195.22	3,853	-5,532	2,518
Other Investing Activities	1,066	1,223	705.64	933.86
Investing Cash Flow	-110.26	3,584	-6,066	2,676
Long-Term Debt Issued	25,874	19,905	23,560	19,960
Long-Term Debt Repaid	-27,135	-22,803	-25,603	-22,325
Net Debt Issued (Repaid)	-1,261	-2,898	-2,043	-2,364
Repurchase of Common Stock	-205.46	-358.4	-	-936.73
Common Dividends Paid	-1,594	-1,627	-1,627	-2,706
Other Financing Activities	-531.21	-665.59	-467.37	-479.48
Financing Cash Flow	-3,592	-5,549	-4,137	-6,487
Foreign Exchange Rate Adjustments	54.05	23.12	142.25	-60.4
Net Cash Flow	-575.84	1,933	-6,251	732.76
Free Cash Flow	1,521	2,406	2,688	3,822
Free Cash Flow Growth	-36.78%	-10.51%	-29.67%	-10.71%
Free Cash Flow Margin	6.71%	10.12%	11.89%	18.39%
Free Cash Flow Per Share	1.33	2.07	2.31	3.25
Cash Interest Paid	519.23	651.66	458.37	469.65
Cash Income Tax Paid	730.88	769.21	993.17	831.18
Levered Free Cash Flow	1,253	1,828	1,912	3,321
Unlevered Free Cash Flow	1,550	2,225	2,196	3,602
Change in Working Capital	225.33	419.15	1,451	780.91

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