HKG:1330 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	Dec '21 Dec 31, 2021
Net Income	604.53	585.08	629.28	744.77	697.79
Depreciation & Amortization	514.18	508.49	466.29	414.16	328.07
Other Amortization	2.27	2.73	1.68	0.97	0.26
Loss (Gain) From Sale of Assets	0.09	-0.01	-4.35	6.81	29.97
Asset Writedown & Restructuring Costs	204.9	129.36	59.34	10.19	183.75
Loss (Gain) From Sale of Investments	-	-	-	-0.95	-
Loss (Gain) on Equity Investments	-	-	-	-7.22	-9.49
Provision & Write-off of Bad Debts	-	41.53	2.97	2.43	24.78
Other Operating Activities	421.09	455.47	503.4	507.47	475.69
Change in Accounts Receivable	12.21	-266.61	-700.07	-561.27	-1,621
Change in Inventory	2.15	12.94	-12.28	-6.96	-6.31
Change in Accounts Payable	55.9	-23.25	13.73	65.99	349.63
Change in Other Net Operating Assets	14.14	9.53	15.59	-	4
Operating Cash Flow	1,846	1,438	977.68	1,210	514.92
Operating Cash Flow Growth	28.32%	47.13%	-19.17%	134.91%	123.84%
Capital Expenditures	-261.28	-370.14	-722.13	-1,236	-1,591
Sale of Property, Plant & Equipment	0.19	10.93	32.9	97.73	0.32
Cash Acquisitions	-	-	-	43.1	-41.3
Sale (Purchase) of Intangibles	-	-	-	-6.01	-0.5
Other Investing Activities	2.7	2.04	0.16	10.5	25.81
Investing Cash Flow	-258.39	-357.17	-689.08	-1,111	-1,619
Long-Term Debt Issued	2,864	3,942	2,008	4,496	5,743
Long-Term Debt Repaid	-3,140	-4,456	-2,504	-3,066	-4,564
Net Debt Issued (Repaid)	-275.87	-514.16	-495.53	1,429	1,179
Issuance of Common Stock	110.36	-	-	-	-
Common Dividends Paid	-700.53	-706.59	-575.43	-625.59	-729.66
Other Financing Activities	-46.44	-25.3	-49.6	7.41	16.77
Financing Cash Flow	-912.47	-1,246	-1,121	811.19	466.57
Foreign Exchange Rate Adjustments	-0.02	0.02	-0.3	-0.08	-0.28
Net Cash Flow	675.03	-164.72	-832.25	909.99	-638.18
Free Cash Flow	1,585	1,068	255.54	-26.44	-1,076
Free Cash Flow Growth	48.33%	318.06%	-	-	-
Free Cash Flow Margin	44.84%	31.44%	6.46%	-0.58%	-21.27%
Free Cash Flow Per Share	1.10	0.65	0.16	-0.02	-0.77
Cash Interest Paid	-	-	-	-	119.69
Cash Income Tax Paid	287.42	191.85	201.93	165.99	162.61
Levered Free Cash Flow	953.23	-98.89	-531.27	-459.26	-958.34
Unlevered Free Cash Flow	953.23	184.66	-228.11	-149.49	-684.35
Change in Working Capital	98.86	-284.18	-680.92	-469.04	-1,216

Source: S&P Global Market Intelligence. Standard template. Financial Sources.