HKG:1599 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	515.19	516.91	872.85	959.16	920.64
Depreciation & Amortization	215.47	284.6	234.33	231.31	227.29
Other Amortization	35.68	7.53	8.1	5.13	6.84
Loss (Gain) From Sale of Assets	-	-2.24	-3.17	-160.5	-54.2
Loss (Gain) From Sale of Investments	-	3.21	-277.45	346.93	-9.01
Loss (Gain) on Equity Investments	-	-43.58	-65.3	-217.56	-223.23
Provision & Write-off of Bad Debts	-	175	294.7	245.07	377.66
Other Operating Activities	-458.68	-179.89	-70.47	-292.19	-138
Change in Accounts Receivable	-	-53.15	-454.55	497.74	-1,339
Change in Inventory	-	-24.26	-2.75	59.13	41.94
Change in Accounts Payable	-	-	-	-	597.73
Change in Other Net Operating Assets	-	-0.24	-207.69	-524.77	-74.58
Operating Cash Flow	307.66	683.88	328.6	1,149	383.74
Operating Cash Flow Growth	-55.01%	108.12%	-71.41%	199.54%	-47.79%
Capital Expenditures	-	-99.41	-478.06	-197.92	-150.24
Sale of Property, Plant & Equipment	0.12	0.54	0.35	0.11	66.07
Cash Acquisitions	-	-	-	-89.02	-
Divestitures	-	-	-	-102.33	-5.01
Sale (Purchase) of Intangibles	-47.79	-16.5	-14.28	-6.34	-131.27
Investment in Securities	-138.4	-71.14	-124.73	-237.15	-279.88
Other Investing Activities	3.57	-2.47	0.47	309.21	-203.54
Investing Cash Flow	-182.5	-188.99	-616.25	-323.43	-703.87
Long-Term Debt Issued	1,837	1,648	932.13	1,215	2,327
Long-Term Debt Repaid	-1,982	-1,927	-1,050	-1,497	-803.05
Net Debt Issued (Repaid)	-144.73	-278.26	-117.75	-281.25	1,524
Common Dividends Paid	-333.77	-232.51	-259.92	-246.41	-229.57
Other Financing Activities	-90.52	-253.1	-266.38	-325.71	-277.11
Financing Cash Flow	-569.01	-763.87	-644.04	-853.37	1,018
Foreign Exchange Rate Adjustments	-6.76	3.13	1.18	19.66	-16.4
Net Cash Flow	-450.62	-265.85	-930.51	-7.69	681.18
Free Cash Flow	307.66	584.47	-149.45	951.53	233.5
Free Cash Flow Growth	-47.36%	-	-	307.51%	-61.36%
Free Cash Flow Margin	4.09%	6.75%	-1.44%	9.12%	2.28%
Free Cash Flow Per Share	0.23	0.43	-0.11	0.71	0.17
Cash Interest Paid	-	242.78	257.98	314.1	265.99
Cash Income Tax Paid	321.99	220.64	132.89	147.3	144.52
Levered Free Cash Flow	-13.41	-133.53	-1,188	346.33	-517.06
Unlevered Free Cash Flow	135.33	42.73	-1,006	546.59	-339.8
Change in Working Capital	-	-77.65	-664.99	32.11	-774.38

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