HKG:1359 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	3,562	3,036	5,821	6,313	12,062
Depreciation & Amortization, Total	2,182	1,874	1,869	1,940	1,956
Gain (Loss) On Sale of Investments	-1,728	-16,813	-839.25	4,775	-15,022
Change in Accounts Receivable	-422.62	111.95	679.88	-2,426	-
Change in Accounts Payable	4,497	7,854	-2,007	1,059	-
Change in Other Net Operating Assets	58,424	84,325	-3,648	77,869	26,060
Other Operating Activities	5,692	8,756	10,379	9,988	19,042
Operating Cash Flow	26,634	71,219	15,543	54,177	48,913
Capital Expenditures	-2,630	-3,943	-847.28	-1,936	-847.38
Cash Acquisitions	1,805	5,525	-1,212	-171.19	179.8
Investment in Securities	370.69	-50,421	-70,477	-10,691	3,210
Other Investing Activities	13,304	14,516	11,724	14,209	18,505
Investing Cash Flow	14,025	-34,012	-60,580	7,311	20,785
Long-Term Debt Issued	154,566	90,087	151,119	73,496	156,561
Long-Term Debt Repaid	-170,999	-106,055	-134,229	-161,056	-146,900
Net Debt Issued (Repaid)	-16,433	-15,968	16,890	-87,560	9,662
Issuance of Common Stock	-	-	-	11,952	9,958
Repurchase of Common Stock	-	-	-	-87.95	-20,672
Dividends Paid	-2,462	-3,298	-3,451	-4,629	-22,467
Other Financing Activities	-14,395	-13,622	-12,726	-21,137	-889.19
Financing Cash Flow	-33,289	-32,889	713.44	-101,461	-13,571
Foreign Exchange Rate Adjustments	-2,549	2,103	1,788	12,059	-3,535
Net Cash Flow	4,820	6,421	-42,535	-27,914	52,593
Free Cash Flow	24,004	67,276	14,696	52,241	48,066
Free Cash Flow Growth	-64.32%	357.80%	-71.87%	8.69%	50.90%
Free Cash Flow Margin	89.02%	287.00%	60.16%	187.09%	91.55%
Free Cash Flow Per Share	0.63	1.76	0.39	1.37	1.16
Cash Interest Paid	36,557	44,343	44,425	41,030	24,338
Cash Income Tax Paid	2,364	2,768	3,433	4,701	14,995

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