HKG:1618 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	1,322	6,746	8,670	10,276	8,375
Depreciation & Amortization	4,465	4,389	3,936	3,859	3,457
Other Amortization	199.74	100.51	128.91	72.58	88.76
Loss (Gain) From Sale of Assets	-364.63	-1,053	-663.08	-303.36	-689.23
Asset Writedown & Restructuring Costs	3,465	82.31	508.96	975.98	132.67
Loss (Gain) From Sale of Investments	-19,458	-108.43	-493.79	-0.87	354.36
Provision & Write-off of Bad Debts	6,242	6,706	5,683	2,891	2,627
Other Operating Activities	22,835	6,943	7,461	5,792	7,039
Change in Accounts Receivable	-74,090	-122,464	-62,414	-32,374	-25,918
Change in Inventory	5,228	6,139	3,181	12,405	-1,362
Change in Accounts Payable	70,935	107,876	51,747	35,740	22,615
Change in Unearned Revenue	-5,054	-5,467	-11,154	-20,821	1,438
Operating Cash Flow	15,323	7,848	5,892	18,153	17,640
Operating Cash Flow Growth	95.25%	33.20%	-67.54%	2.91%	-37.07%
Capital Expenditures	-6,278	-6,863	-4,595	-4,314	-3,551
Sale of Property, Plant & Equipment	585.23	925.92	377.56	504.26	548.13
Cash Acquisitions	2,499	1,125	270.06	-243.08	-
Divestitures	28,515	-	11.58	3.66	88.27
Investment in Securities	-3,852	-3,106	-4,430	-4,884	-1,836
Other Investing Activities	2,240	1,043	1,682	2,374	-7,816
Investing Cash Flow	23,709	-9,582	-6,725	-6,559	-12,567
Long-Term Debt Issued	216,421	348,316	213,750	135,666	106,816
Long-Term Debt Repaid	-254,652	-357,076	-215,680	-140,381	-125,919
Net Debt Issued (Repaid)	-38,230	-8,760	-1,929	-4,715	-19,103
Issuance of Common Stock	29,786	18,382	23,383	5,300	7,700
Common Dividends Paid	-6,535	-7,318	-6,392	-6,456	-6,555
Other Financing Activities	2,287	8,756	-13,906	-3,799	1,721
Financing Cash Flow	-12,692	11,060	1,156	-9,670	-16,236
Foreign Exchange Rate Adjustments	-44.29	15	58.48	327.86	215.23
Net Cash Flow	26,296	9,340	381.89	2,251	-10,948
Free Cash Flow	9,045	985.05	1,296	13,839	14,089
Free Cash Flow Growth	818.23%	-24.02%	-90.63%	-1.77%	-41.99%
Free Cash Flow Margin	2.08%	0.19%	0.21%	2.33%	2.81%
Free Cash Flow Per Share	0.44	0.05	0.06	0.67	0.68
Cash Income Tax Paid	9,596	11,540	10,541	9,920	10,855
Levered Free Cash Flow	34,441	9,391	20,570	17,700	7,798
Unlevered Free Cash Flow	36,724	11,512	22,245	19,368	9,153
Change in Working Capital	-3,384	-15,958	-19,340	-5,409	-3,745

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