HKG:1339 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	52,642	42,151	22,322	25,382	21,476	20,036
Depreciation & Amortization	3,570	3,570	3,820	4,145	3,996	3,869
Other Amortization	1,431	1,431	1,236	1,007	770	580
Gain (Loss) on Sale of Assets	-174	-174	-209	-321	-330	-128
Gain (Loss) on Sale of Investments	-1,754	-1,754	1,428	95	-	-
Change in Accounts Receivable	97,825	97,825	80,310	76,779	-5,822	3,255
Change in Insurance Reserves / Liabilities	186	186	356	1,539	98,585	45,968
Change in Other Net Operating Assets	3,612	3,612	-1,206	3,881	3,785	4,315
Other Operating Activities	-41,091	-45,385	-22,759	-26,165	-36,562	-34,765
Operating Cash Flow	102,775	87,990	70,549	71,121	72,731	31,867
Operating Cash Flow Growth	17.09%	24.72%	-0.80%	-2.21%	128.23%	-13.42%
Capital Expenditures	-4,214	-4,397	-3,573	-6,576	-3,655	-11,616
Sale of Property, Plant & Equipment	982	478	298	464	494	202
Investment in Securities	-135,904	-105,706	-115,409	-115,449	-119,745	-79,870
Other Investing Activities	28,183	32,026	47,757	48,806	41,945	40,701
Investing Cash Flow	-110,953	-77,599	-70,927	-72,755	-81,555	-51,370
Short-Term Debt Issued	-	2,303	7,885	23,292	-	27,563
Long-Term Debt Issued	-	12,138	24,292	3,215	2,292	8,592
Total Debt Issued	21,807	14,441	32,177	26,507	2,292	36,155
Total Debt Repaid	-8,962	-1,371	-31,408	-4,953	-24,646	-1,302
Net Debt Issued (Repaid)	12,845	13,070	769	21,554	-22,354	34,853
Issuance of Common Stock	-	-	2,500	-	-	-
Common Dividends Paid	-6,362	-11,866	-11,215	-6,501	-6,059	-6,722
Other Financing Activities	15,812	3,656	-3,537	-6,496	-7,448	-7,017
Financing Cash Flow	22,295	4,860	-11,483	8,557	-35,861	21,114
Foreign Exchange Rate Adjustments	273	46	97	400	-248	-386
Net Cash Flow	14,390	15,297	-11,764	7,323	-44,933	1,225
Free Cash Flow	98,561	83,593	66,976	64,545	69,076	20,251
Free Cash Flow Growth	17.19%	24.81%	3.77%	-6.56%	241.10%	-35.82%
Free Cash Flow Margin	15.70%	14.37%	12.75%	13.10%	11.62%	3.48%
Free Cash Flow Per Share	2.22	1.89	1.51	1.46	1.56	0.46
Cash Interest Paid	2,970	2,970	3,723	4,195	4,062	3,588
Cash Income Tax Paid	13,285	9,352	6,623	7,486	5,835	6,103
Levered Free Cash Flow	10,278	125,054	-80,819	-333,696	56,075	12,790
Unlevered Free Cash Flow	11,244	125,973	-79,904	-332,317	59,488	16,295
Change in Working Capital	101,623	101,623	79,460	82,199	96,548	53,538

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