HKG:1336 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	38,406	26,229	8,712	21,500	14,947	14,294
Depreciation & Amortization	1,409	1,409	1,474	1,611	1,389	1,455
Other Amortization	439	439	414	299	357	201
Gain (Loss) on Sale of Assets	3	3	1	2	5	14
Gain (Loss) on Sale of Investments	-34,534	-34,534	5,931	4,958	2,250	-
Change in Accounts Receivable	3,035	3,035	3,377	-674	-1,282	4,232
Reinsurance Recoverable	-270	-270	992	-	-	-
Change in Insurance Reserves / Liabilities	141,630	141,630	102,355	-	-	-
Change in Other Net Operating Assets	-1,864	-1,864	-2,289	-899	3,449	3,103
Other Operating Activities	-53,993	-43,202	-29,726	61,719	52,735	43,880
Operating Cash Flow	97,676	96,290	91,548	88,516	73,853	67,179
Operating Cash Flow Growth	-3.03%	5.18%	3.43%	19.85%	9.93%	59.56%
Capital Expenditures	-1,169	-1,100	-2,090	-1,789	-3,258	-3,035
Sale of Property, Plant & Equipment	16	11	29	2	7	1
Cash Acquisitions	4,223	877	3,606	-	956	-
Investment in Securities	-86,989	-183,605	-204,361	-137,043	-142,442	-120,795
Other Investing Activities	50,204	41,877	39,189	41,318	37,070	56,101
Investing Cash Flow	-32,301	-141,771	-156,649	-89,601	-106,531	-67,728
Short-Term Debt Issued	-	-	-	-	13,611	-
Long-Term Debt Issued	-	77,011	70,846	-	-	10,000
Total Debt Issued	-19,037	77,011	70,846	-	13,611	10,000
Total Debt Repaid	-41,185	-430	-476	-13,749	-585	-26,555
Net Debt Issued (Repaid)	-60,222	76,581	70,370	-13,749	13,026	-16,555
Common Dividends Paid	-9,070	-4,699	-3,755	-5,065	-4,666	-4,416
Other Financing Activities	9,230	-9,853	2,671	21,653	26,881	22,943
Financing Cash Flow	-60,062	62,029	69,286	2,839	35,241	1,972
Foreign Exchange Rate Adjustments	-23	96	17	373	-97	-195
Net Cash Flow	5,290	16,644	4,202	2,127	2,466	1,228
Free Cash Flow	96,507	95,190	89,458	86,727	70,595	64,144
Free Cash Flow Growth	-2.69%	6.41%	3.15%	22.85%	10.06%	73.08%
Free Cash Flow Margin	126.39%	146.22%	212.58%	134.00%	32.07%	31.48%
Free Cash Flow Per Share	30.92	30.51	28.67	27.80	22.63	20.56
Cash Income Tax Paid	1,811	137	838	292	3,192	1,167
Levered Free Cash Flow	15,272	-81,924	-274,784	-20,918	-40,670	-29,098
Unlevered Free Cash Flow	17,616	-79,945	-273,481	-20,185	-40,170	-28,254
Change in Working Capital	142,531	142,531	104,435	-1,573	2,167	7,335

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