HKG:1713 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	400.02	339	301.44	269.56
Depreciation & Amortization	239.19	192.12	166.55	154.06
Other Amortization	8.28	4.28	1.56	2.94
Loss (Gain) on Sale of Assets	1.58	-15.03	-0.01	0.1
Loss (Gain) on Sale of Investments	4.82	-4.63	-13.12	-17.4
Asset Writedown	0.02	7.27	1.25	16.08
Change in Accounts Receivable	-581.93	-471.97	-34.36	-66.37
Change in Inventory	31.5	-8.24	-17.61	-6.09
Change in Accounts Payable	486.39	573.34	151.28	57.09
Change in Unearned Revenue	-9.6	-10.4	-8.37	-8.46
Other Operating Activities	15.88	9.14	0.38	14.36
Operating Cash Flow	602.89	622.3	561.35	415.69
Operating Cash Flow Growth	-3.12%	10.86%	35.04%	-12.72%
Capital Expenditures	-763.26	-1,111	-674.79	-324.08
Sale of Property, Plant & Equipment	1.12	25.77	3.05	2.59
Investment in Securities	-	-115.2	109.62	160
Other Investing Activities	3.03	6.1	20.64	18.04
Investing Cash Flow	-759.11	-1,195	-541.48	-143.44
Short-Term Debt Issued	-	-	-	400
Long-Term Debt Issued	357.25	500	546.86	-
Total Debt Issued	357.25	500	546.86	400
Short-Term Debt Repaid	-	-	-	-480.42
Long-Term Debt Repaid	-171.99	-305.5	-548.06	-
Total Debt Repaid	-171.99	-305.5	-548.06	-480.42
Net Debt Issued (Repaid)	185.26	194.5	-1.19	-80.42
Common Dividends Paid	-156.86	-146.24	-140.45	-141.2
Dividends Paid	-156.86	-146.24	-140.45	-141.2
Other Financing Activities	192.17	256.27	295.36	33.08
Financing Cash Flow	220.57	304.53	153.72	-188.53
Foreign Exchange Rate Adjustments	-0.72	0.1	0.31	-0.54
Net Cash Flow	63.64	-267.65	173.91	83.18
Free Cash Flow	-160.36	-488.96	-113.43	91.61
Free Cash Flow Growth	-	-	-	-51.64%
Free Cash Flow Margin	-3.36%	-11.75%	-3.42%	2.89%
Free Cash Flow Per Share	-0.15	-0.46	-0.11	0.09
Cash Income Tax Paid	202.72	198.47	244.74	202.04
Levered Free Cash Flow	-230.82	-611.96	-244.34	22.19
Unlevered Free Cash Flow	-220.57	-602.41	-237.85	29.8
Change in Working Capital	-88.77	63.29	93.65	-33.14

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