HKG:1250 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	284.24	341.89	228.43	-261.76
Depreciation & Amortization	1,863	1,708	1,394	1,372
Other Amortization	3.08	2.38	2.77	3.09
Loss (Gain) on Sale of Assets	1.46	11.53	11.19	-0.64
Loss (Gain) on Sale of Investments	29.14	51.92	12.23	468.19
Loss (Gain) on Equity Investments	28.85	103.51	-26.8	-44.58
Asset Writedown	3.61	33.53	83.41	244.14
Stock-Based Compensation	-0.01	-0.01	1.8	6.19
Change in Accounts Receivable	-1,162	-862.12	1,014	-361.76
Change in Inventory	20.27	18.98	-8.88	38.79
Change in Accounts Payable	-	-	-925.16	-2,258
Change in Other Net Operating Assets	-121.93	-547.92	157.44	1,622
Other Operating Activities	1,206	944.06	1,297	1,041
Operating Cash Flow	2,156	1,806	3,242	1,869
Operating Cash Flow Growth	19.38%	-44.28%	73.46%	37.33%
Capital Expenditures	-1,242	-1,446	-854.82	-1,097
Sale of Property, Plant & Equipment	0.12	4.01	8.37	4.58
Cash Acquisitions	-	-243.98	-361.17	-630.97
Divestitures	-	-	-5.67	0.16
Sale (Purchase) of Intangibles	-7.64	-35.98	42.21	-65.14
Investment in Securities	-85.36	-524.83	109.1	-46.13
Other Investing Activities	91.13	-119.17	-300.55	-526.57
Investing Cash Flow	-1,214	-2,326	-1,223	-2,057
Long-Term Debt Issued	8,356	8,475	12,139	8,204
Long-Term Debt Repaid	-10,794	-9,353	-14,644	-6,936
Net Debt Issued (Repaid)	-2,438	-878.39	-2,505	1,267
Issuance of Common Stock	-	-	4,144	-
Repurchase of Common Stock	-	-	-	-993.66
Common Dividends Paid	-	-	-	-64.64
Other Financing Activities	689.8	2,630	-1,330	-1,197
Financing Cash Flow	-1,748	1,751	309.21	-987.72
Foreign Exchange Rate Adjustments	1.69	4.36	-119.46	50.78
Net Cash Flow	-804.03	1,236	2,208	-1,125
Free Cash Flow	914.71	359.76	2,387	771.73
Free Cash Flow Growth	154.26%	-84.93%	209.27%	-
Free Cash Flow Margin	20.68%	8.02%	50.95%	15.73%
Free Cash Flow Per Share	0.41	0.16	1.27	0.61
Cash Interest Paid	1,154	1,382	1,410	1,089
Cash Income Tax Paid	251.11	229.57	219.63	202.35
Levered Free Cash Flow	-287.28	-1,032	-721.41	-1,377
Unlevered Free Cash Flow	429.76	-174.21	275.56	-603.94
Change in Working Capital	-1,263	-1,391	237.3	-959.06

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