HKG:1727 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	-579.78	170.71	171.4	326.73	-345.98
Depreciation & Amortization	73.21	72.24	77.8	79.01	75.28
Loss (Gain) From Sale of Assets	-4.02	-21.28	-0.07	0.09	1.62
Asset Writedown & Restructuring Costs	7.3	2.15	0.6	37.8	-0.3
Loss (Gain) From Sale of Investments	-11.77	-9.14	11.22	-25.09	-3.45
Provision & Write-off of Bad Debts	321.05	248.8	467.78	41.01	1,896
Other Operating Activities	382.44	371.25	321.94	303.95	339.08
Change in Accounts Receivable	3,888	1,366	319.52	-670	-5,137
Change in Inventory	-14.28	-120.41	-8.37	83.84	71.9
Change in Accounts Payable	-6,206	-3,532	-2,549	-99.84	4,474
Operating Cash Flow	-1,869	-1,526	-1,331	35.16	854.87
Operating Cash Flow Growth	-	-	-	-95.89%	-56.65%
Capital Expenditures	-5.58	-21.84	-44.63	-81.23	-254.12
Sale of Property, Plant & Equipment	19.92	69.05	1.75	1.87	26.59
Investment in Securities	6.76	27.6	-12.29	-6.11	-13.28
Other Investing Activities	3.4	0.4	30.02	84.96	75.72
Investing Cash Flow	24.49	75.21	-25.14	-0.51	-165.09
Long-Term Debt Issued	3,825	3,564	3,538	3,411	3,708
Total Debt Issued	3,825	3,564	3,538	3,411	3,708
Long-Term Debt Repaid	-3,368	-3,245	-3,791	-2,902	-3,415
Total Debt Repaid	-3,368	-3,245	-3,791	-2,902	-3,415
Net Debt Issued (Repaid)	457.04	319.29	-252.45	509.22	292.97
Common Dividends Paid	-416.66	-376.65	-344.51	-338.84	-563.04
Other Financing Activities	-21.65	-18.19	-4.87	-30.15	-90.89
Financing Cash Flow	18.73	-75.56	-601.82	140.23	-360.97
Foreign Exchange Rate Adjustments	20.85	-1.47	-3.15	6.31	-22.15
Net Cash Flow	-1,805	-1,528	-1,961	181.19	306.66
Free Cash Flow	-1,874	-1,548	-1,375	-46.07	600.75
Free Cash Flow Growth	-	-	-	-	-62.53%
Free Cash Flow Margin	-12.11%	-6.18%	-4.11%	-0.11%	1.26%
Free Cash Flow Per Share	-1.06	-0.88	-0.78	-0.03	0.34
Cash Income Tax Paid	635.8	754.57	795.66	1,102	1,323
Levered Free Cash Flow	-1,855	-2,427	-985.55	158.46	1,382
Unlevered Free Cash Flow	-1,593	-2,189	-768.36	372.85	1,586
Change in Working Capital	-2,057	-2,361	-2,381	-728.32	-1,107

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