HKG:1905 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,901	1,961	2,152	2,056	1,932	1,488
Depreciation & Amortization	373.45	373.45	377.36	363.08	416.88	353.76
Other Amortization	15.99	15.99	8.45	6.68	5.93	5.29
Loss (Gain) From Sale of Investments	-60.6	-60.6	-13.16	-38.33	-0.7	-14.66
Asset Writedown & Restructuring Costs	1,412	1,412	1,640	201.48	47.47	2.25
Provision for Credit Losses	-	-	-	1,089	1,397	1,691
Loss (Gain) on Equity Investments	-	-	-	-	-	40.34
Change in Accounts Payable	-15.09	-15.09	75.29	167.19	4.43	-249.28
Change in Trading Asset Securities	-	-	-	-	-120.07	574
Change in Other Net Operating Assets	6,890	6,890	888.09	-12,826	-7,661	-7,502
Other Operating Activities	-9,470	2,450	2,829	3,415	335.9	209.35
Operating Cash Flow	1,005	12,986	7,957	-5,567	-3,751	-3,402
Operating Cash Flow Growth	-94.08%	63.19%	-	-	-	-
Capital Expenditures	-25.81	-254.51	-128.3	-1,689	-654.19	-2,766
Sale of Property, Plant & Equipment	419.2	196.2	0.04	0.09	1,833	0.02
Cash Acquisitions	-	-	-	-	-	-812.6
Divestitures	-	-	-	132.05	-	-
Investment in Securities	-89.83	813.71	-700.55	1,698	-1,518	770.69
Other Investing Activities	28.67	60.6	12.84	38.33	-	-200.31
Investing Cash Flow	332.22	816	-815.97	179.83	-339.32	-3,008
Long-Term Debt Issued	-	42,358	61,871	70,976	61,707	57,800
Long-Term Debt Repaid	-	-52,984	-62,345	-62,362	-56,256	-51,249
Net Debt Issued (Repaid)	1,142	-10,625	-473.99	8,614	5,452	6,552
Issuance of Common Stock	896.99	1,500	2,000	1,470	2,330	286.5
Repurchase of Common Stock	-1,500	-2,470	-1,130	-1,200	-1,487	-
Common Dividends Paid	-791.93	-848.04	-978.14	-676.79	-583.56	-725.51
Other Financing Activities	-2,694	-3,085	-3,599	-3,410	-195.33	-184.61
Financing Cash Flow	-2,947	-15,529	-4,182	4,798	5,516	5,928
Foreign Exchange Rate Adjustments	-4.21	-4.18	4.97	0.69	1.21	-0.37
Net Cash Flow	-1,614	-1,731	2,965	-588.33	1,427	-482.17
Free Cash Flow	979.2	12,731	7,829	-7,256	-4,405	-6,168
Free Cash Flow Growth	-94.11%	62.62%	-	-	-	-
Free Cash Flow Margin	21.95%	253.15%	168.24%	-183.50%	-132.67%	-231.99%
Free Cash Flow Per Share	0.12	1.55	0.95	-0.88	-0.54	-0.75
Cash Interest Paid	2,559	2,923	3,356	3,213	3,066	3,037
Cash Income Tax Paid	748.27	625.97	850.4	653.19	457.98	665.62

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.