HKG:1426 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	-180.24	-46.63	-77.54	28.35	509.95
Gain (Loss) on Sale of Assets	-2.91	-	-	-	-0.15
Asset Writedown	184.59	158.47	132.02	-268.42	-128.73
Stock-Based Compensation	35.62	37.72	38.61	34.5	31.01
Change in Accounts Receivable	8.79	-1.75	2.9	10.73	-26.13
Change in Accounts Payable	20.2	-27.4	-3.32	-27	9.69
Change in Other Net Operating Assets	-7.15	-16.06	6.98	0.88	2.66
Other Operating Activities	344.16	298.11	384.17	610.86	-50.86
Operating Cash Flow	403.08	402.45	483.82	389.9	347.45
Operating Cash Flow Growth	0.15%	-16.82%	24.09%	12.22%	0.53%
Acquisition of Real Estate Assets	-9.75	-9.68	-27.61	-18.32	-2.91
Sale of Real Estate Assets	-	-	-	-	1.79
Net Sale / Acq. of Real Estate Assets	-9.75	-9.68	-27.61	-18.32	-1.12
Cash Acquisition	-	-	-	-739.73	-
Investing Cash Flow	214	-9.68	-27.61	-758.05	-1.12
Long-Term Debt Issued	4,109	145.14	203.72	3,710	-
Long-Term Debt Repaid	-4,170	-68.92	-92.11	-2,901	-3.15
Net Debt Issued (Repaid)	-61.86	76.22	111.61	809.48	-3.15
Repurchase of Common Stock	-6.43	-4.83	-140.06	-4.74	-4.36
Common Dividends Paid	-216.18	-273.02	-268.96	-289.7	-259.48
Other Financing Activities	-296.59	-146.93	-146.44	-139.03	-71.84
Foreign Exchange Rate Adjustments	-15.36	3.8	8.09	38.53	-5.88
Net Cash Flow	20.66	48.02	20.46	46.39	1.61
Cash Interest Paid	181.82	195.56	181.19	110.18	62.18
Cash Income Tax Paid	21.61	25.92	21.32	7.49	3.28
Levered Free Cash Flow	230.71	-104.96	196.75	138.7	192.4
Unlevered Free Cash Flow	399.1	95.9	377.83	242.89	214.7
Change in Working Capital	21.85	-45.21	6.56	-15.39	-13.78