China Hongqiao Group 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	22,372	11,461	8,702	16,073
Depreciation & Amortization	6,568	7,186	6,951	6,713
Loss (Gain) From Sale of Assets	-100.44	-69.94	-22.78	12.98
Asset Writedown & Restructuring Costs	2,635	818.4	224.84	1,389
Loss (Gain) From Sale of Investments	-	-21.05	-	13.57
Loss (Gain) on Equity Investments	-1,758	-1,193	-503.34	-61.52
Provision & Write-off of Bad Debts	1.8	0.62	-1.22	0.76
Other Operating Activities	8,723	5,204	931.3	4,132
Change in Accounts Receivable	-4,335	-857.58	2,929	3,048
Change in Inventory	-3,694	3,234	-14,292	-3,141
Change in Accounts Payable	3,232	-3,339	-4,621	5,265
Change in Other Net Operating Assets	338.18	-20.19	7,324	-4,795
Operating Cash Flow	33,983	22,402	7,622	28,650
Operating Cash Flow Growth	51.69%	193.92%	-73.40%	61.14%
Capital Expenditures	-12,609	-6,046	-8,848	-5,999
Sale of Property, Plant & Equipment	297.87	383.91	50.69	2,211
Cash Acquisitions	-	-3,007	-833.32	-361.61
Divestitures	-	-	-	-8.99
Sale (Purchase) of Intangibles	-8.19	-15.56	-7.81	-10.93
Investment in Securities	366.12	-8,816	-5,220	-1,291
Other Investing Activities	-604.67	-388.02	-1,913	-2.79
Investing Cash Flow	-12,557	-17,889	-16,773	-5,463
Short-Term Debt Issued	3,000	7,000	3,000	1,500
Long-Term Debt Issued	51,568	41,447	28,078	40,767
Total Debt Issued	54,568	48,447	31,078	42,267
Short-Term Debt Repaid	-7,000	-3,000	-1,500	-
Long-Term Debt Repaid	-39,813	-42,817	-29,926	-56,334
Total Debt Repaid	-46,813	-45,817	-31,426	-56,334
Net Debt Issued (Repaid)	7,755	2,630	-348.18	-14,066
Issuance of Common Stock	-	-	-	1,972
Common Dividends Paid	-9,348	-4,369	-8,226	-7,288
Other Financing Activities	-6,837	1,539	-4,217	-14.09
Financing Cash Flow	-8,431	-199.58	-12,790	-19,396
Foreign Exchange Rate Adjustments	54.18	22.37	98.4	-28.02
Net Cash Flow	13,049	4,337	-21,843	3,762
Free Cash Flow	21,374	16,356	-1,227	22,650
Free Cash Flow Growth	30.68%	-	-	81.04%
Free Cash Flow Margin	13.69%	12.24%	-0.93%	19.78%
Free Cash Flow Per Share	2.26	1.67	-0.13	2.35
Cash Interest Paid	3,859	3,207	3,559	4,181
Cash Income Tax Paid	6,367	1,686	6,148	5,001
Levered Free Cash Flow	12,102	9,994	-8,162	17,092
Unlevered Free Cash Flow	14,204	12,036	-6,276	19,358
Change in Working Capital	-4,459	-982.87	-8,660	376.47

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