China Merchants Commercial Real Estate Investment Trust (HKG:1503)
Hong Kong · Delayed Price · Currency is HKD 1.015
-0.030 (-2.87%)
Sep 4, 2026, 3:13 PM HKT
HKG:1503 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
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 | -98.61 | -184.77 | -172.32 | -209.54 | 267.7 |
Depreciation & Amortization | 0.09 | 0.1 | 0.12 | 0.08 | 0.11 |
Other Amortization | - | - | - | 4.6 | 4.8 |
Asset Writedown | 315.31 | 393.22 | 394.45 | -32.91 | -81.51 |
Change in Accounts Receivable | -2.97 | -4.06 | 3.81 | 2.55 | -1.29 |
Change in Accounts Payable | -19.8 | -5.8 | -8 | -65.5 | 11.6 |
Change in Other Net Operating Assets | -8.03 | 1.59 | 14.36 | 23.09 | -5.27 |
Other Operating Activities | 11.2 | 67.56 | 44.98 | 473.21 | 38.97 |
Operating Cash Flow | 196.85 | 268.1 | 274.91 | 200.37 | 235.09 |
Operating Cash Flow Growth | -26.57% | -2.48% | 37.20% | -14.77% | 20.74% |
Investing Activities
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 |
Acquisition of Real Estate Assets | -60.03 | -57.1 | -102.56 | -74.4 | -20.49 |
Sale of Real Estate Assets | 0.04 | 0.06 | - | - | - |
Net Sale / Acq. of Real Estate Assets | -59.99 | -57.04 | -102.56 | -74.4 | -20.49 |
Cash Acquisition | -3.22 | - | - | -1,083 | - |
Investment in Marketable & Equity Securities | -9 | -51 | 5.22 | 77.3 | 129.51 |
Other Investing Activities | 4.21 | 11.24 | 29.79 | 11.9 | 10.26 |
Investing Cash Flow | -68 | -96.81 | -67.55 | -1,068 | 119.28 |
Financing Activities
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 |
Short-Term Debt Issued | 0.5 | - | - | - | - |
Long-Term Debt Issued | 4,140 | 48.45 | 2,563 | 5,553 | 256.88 |
Total Debt Issued | 4,140 | 48.45 | 2,563 | 5,553 | 256.88 |
Short-Term Debt Repaid | - | -0.49 | -0.01 | -0.01 | - |
Long-Term Debt Repaid | -4,118 | -16.06 | -2,562 | -4,041 | - |
Total Debt Repaid | -4,118 | -16.55 | -2,562 | -4,041 | - |
Net Debt Issued (Repaid) | 22.73 | 31.9 | 1.07 | 1,512 | 256.88 |
Issuance of Common Stock | - | - | 66.95 | 116.37 | 61.34 |
Common Dividends Paid | -111.7 | -108.14 | -181.95 | -275.19 | -239.5 |
Other Financing Activities | -130.39 | -187.5 | -155.14 | -78.75 | -54.32 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -0.23 | 0.04 | - | - | - |
Net Cash Flow | -90.73 | -92.4 | -61.7 | 406.62 | 378.77 |
Free Cash Flow
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 |
Levered Free Cash Flow | 33.26 | 137.8 | 137.79 | 265.32 | 290.28 |
Unlevered Free Cash Flow | 106.37 | 220.21 | 223.52 | 320.01 | 322.51 |
Additional Metrics
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 |
Cash Interest Paid | 116.2 | 131.09 | 144.53 | 80.92 | 54.32 |
Cash Income Tax Paid | 49.95 | 71.05 | 63.26 | 49.98 | 48.78 |
Change in Working Capital | -30.81 | -8.27 | 10.17 | -39.86 | 5.04 |