HKG:1515 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	495.94	565.88	257.68	265.86	417.92
Depreciation & Amortization	584.93	618.9	610.86	486.41	182.88
Loss (Gain) From Sale of Assets	-2.06	11.19	2.39	-5.41	-
Asset Writedown & Restructuring Costs	0.03	32.15	351.81	108.83	11.15
Loss (Gain) From Sale of Investments	18.17	22.15	145.87	22.18	371.56
Loss (Gain) on Equity Investments	-78.34	-98.6	-90.78	-88.07	-83.55
Stock-Based Compensation	-	-	-	2.16	10.11
Other Operating Activities	147.83	96.98	230.61	159.42	-348.79
Change in Accounts Receivable	142.31	118.03	-111.25	109.17	131.47
Change in Inventory	39.48	-0.07	65.18	-17.34	0.21
Change in Accounts Payable	-34.06	-35.24	9.71	-152.76	-31.99
Change in Unearned Revenue	4.45	2.23	17.21	8.54	-0.09
Change in Other Net Operating Assets	39.86	-63.34	-294.17	-35.4	49.56
Operating Cash Flow	1,359	1,270	1,195	863.59	710.43
Operating Cash Flow Growth	6.95%	6.29%	38.39%	21.56%	10.37%
Capital Expenditures	-514.13	-563.69	-486.68	-466.28	-198.43
Sale of Property, Plant & Equipment	18.18	0.09	54.98	6.13	2.1
Cash Acquisitions	-	-	-3,768	173.92	-669.61
Divestitures	-	-	-	0.01	-
Investment in Securities	-	-	872.18	381.34	-1,096
Other Investing Activities	169.75	18.88	705.46	-589.13	26.26
Investing Cash Flow	-326.2	-544.73	-2,622	-494.02	-1,936
Short-Term Debt Issued	500	-	-	-	-
Long-Term Debt Issued	1,550	1,724	5,554	8,614	6,073
Total Debt Issued	2,050	1,724	5,554	8,614	6,073
Short-Term Debt Repaid	-500	-	-	-0.26	-1.56
Long-Term Debt Repaid	-2,402	-2,489	-5,819	-8,650	-5,106
Total Debt Repaid	-2,902	-2,489	-5,819	-8,651	-5,107
Net Debt Issued (Repaid)	-852.45	-764.34	-265.28	-36.68	965.15
Issuance of Common Stock	-	-	-	-	0.54
Common Dividends Paid	-166.89	-139.13	-42.35	-129.6	-91.08
Other Financing Activities	-50.79	-81.32	-129.45	-57.41	-28.66
Financing Cash Flow	-1,070	-984.8	-437.08	-223.69	845.96
Foreign Exchange Rate Adjustments	0.08	0.5	0.14	2.73	2.34
Net Cash Flow	-37.71	-258.76	-1,864	148.61	-377.32
Free Cash Flow	844.41	706.57	708.44	397.31	512
Free Cash Flow Growth	19.51%	-0.26%	78.31%	-22.40%	17.93%
Free Cash Flow Margin	9.20%	7.17%	7.01%	5.03%	11.51%
Free Cash Flow Per Share	0.67	0.56	0.56	0.32	0.41
Cash Interest Paid	38.66	63.7	116.27	56.4	19.77
Cash Income Tax Paid	132.16	235.69	163.4	143.84	135.99
Levered Free Cash Flow	640.17	279.57	1,843	235.59	569.68
Unlevered Free Cash Flow	660.14	317.7	1,915	270.53	579.83
Change in Working Capital	192.04	21.62	-313.31	-87.79	149.17

Source: S&P Global Market Intelligence. Standard template. Financial Sources.