HKG:1072 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	Jan '22 Jan 1, 2022
Net Income	3,831	2,922	3,550	2,858	2,289
Depreciation & Amortization	1,083	1,113	875.35	885.49	896.95
Other Amortization	88.47	2.8	0.76	0.67	0.47
Loss (Gain) From Sale of Assets	-5.95	-16.45	-9.77	-50.19	-271.94
Asset Writedown & Restructuring Costs	1.43	5.55	7.29	3.98	8.45
Loss (Gain) From Sale of Investments	-955.59	-1,321	-812.39	-360.2	-634.55
Provision & Write-off of Bad Debts	1,177	405.08	56.14	205.6	347.59
Other Operating Activities	829.49	995.37	354.09	245.55	662.12
Change in Accounts Receivable	-4,897	3,151	-7,894	-2,445	-2,698
Change in Inventory	-4,435	-3,549	660.88	607.31	-3,453
Change in Accounts Payable	5,374	6,097	-661.11	6,677	-1,423
Operating Cash Flow	2,014	10,059	-3,496	8,409	-4,421
Operating Cash Flow Growth	-79.98%	-	-	-	-
Capital Expenditures	-4,284	-2,999	-1,110	-748.21	-717.61
Sale of Property, Plant & Equipment	0.81	1.15	9.2	27.17	182.21
Divestitures	-135.44	492.57	-	-	-
Investment in Securities	-6,301	-388.3	7,041	-12,635	-2,669
Other Investing Activities	132.3	120	115.24	169.62	151.17
Investing Cash Flow	-10,587	-2,774	6,055	-13,186	-3,053
Long-Term Debt Issued	5,570	2,666	925.44	544.16	1,147
Long-Term Debt Repaid	-1,328	-452.76	-821.98	-244.07	-686.09
Net Debt Issued (Repaid)	4,242	2,213	103.46	300.09	460.76
Issuance of Common Stock	5,098	-	-	-	-
Common Dividends Paid	-1,457	-1,531	-1,090	-757.36	-545.05
Other Financing Activities	-2,781	407.07	489.1	339.33	-293.96
Financing Cash Flow	5,102	1,089	-497.1	-117.94	-378.26
Foreign Exchange Rate Adjustments	-50.58	-39.29	-18.6	685.31	-101.66
Net Cash Flow	-3,522	8,335	2,043	-4,210	-7,954
Free Cash Flow	-2,270	7,060	-4,606	7,660	-5,139
Free Cash Flow Margin	-2.93%	10.29%	-7.73%	14.14%	-10.99%
Free Cash Flow Per Share	-0.68	2.26	-1.48	2.46	-1.64
Cash Interest Paid	1.95	1.3	1.1	1.47	1.51
Cash Income Tax Paid	3,136	2,753	1,906	1,869	1,283
Levered Free Cash Flow	-94.71	6,025	1,731	8,135	-4,190
Unlevered Free Cash Flow	-41.37	6,092	1,791	8,249	-4,100
Change in Working Capital	-4,122	5,657	-7,859	4,846	-7,726

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