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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,798	1,893	1,961	2,152	2,056	1,932
Depreciation & Amortization	352.93	352.93	373.45	377.36	363.08	416.88
Other Amortization	21.33	21.33	15.99	8.45	6.68	5.93
Loss (Gain) From Sale of Investments	-15.16	-15.16	-60.6	-13.16	-38.33	-0.7
Asset Writedown & Restructuring Costs	1,344	1,344	1,412	1,640	201.48	47.47
Provision for Credit Losses	-	-	-	-	1,089	1,397
Change in Accounts Payable	11.36	11.36	-15.09	75.29	167.19	4.43
Change in Trading Asset Securities	-	-	-	-	-	-120.07
Change in Other Net Operating Assets	555.08	555.08	6,890	888.09	-12,826	-7,661
Other Operating Activities	6,532	1,947	2,450	2,829	3,415	335.9
Operating Cash Flow	10,582	6,092	12,986	7,957	-5,567	-3,751
Operating Cash Flow Growth	14.35%	-53.08%	63.19%	-	-	-
Capital Expenditures	-9.66	-10.89	-254.51	-128.3	-1,689	-654.19
Sale of Property, Plant & Equipment	223.04	223.04	196.2	0.04	0.09	1,833
Divestitures	-	-	-	-	132.05	-
Investment in Securities	2.57	-48.16	813.71	-700.55	1,698	-1,518
Other Investing Activities	18.18	15.16	60.6	12.84	38.33	-
Investing Cash Flow	234.14	179.15	816	-815.97	179.83	-339.32
Long-Term Debt Issued	-	54,174	42,358	61,871	70,976	61,707
Long-Term Debt Repaid	-	-56,743	-52,984	-62,345	-62,362	-56,256
Net Debt Issued (Repaid)	-8,257	-2,569	-10,625	-473.99	8,614	5,452
Issuance of Common Stock	900	900	1,500	2,000	1,470	2,330
Repurchase of Common Stock	-2,000	-1,000	-2,470	-1,130	-1,200	-1,487
Common Dividends Paid	-763.11	-762.58	-848.04	-978.14	-676.79	-583.56
Other Financing Activities	-2,432	-2,533	-3,085	-3,599	-3,410	-195.33
Financing Cash Flow	-12,552	-5,965	-15,529	-4,182	4,798	5,516
Foreign Exchange Rate Adjustments	-2.14	-2.56	-4.18	4.97	0.69	1.21
Net Cash Flow	-1,738	303.82	-1,731	2,965	-588.33	1,427
Free Cash Flow	10,572	6,081	12,731	7,829	-7,256	-4,405
Free Cash Flow Growth	17.51%	-52.23%	62.62%	-	-	-
Free Cash Flow Margin	255.75%	138.82%	253.15%	168.24%	-183.50%	-132.67%
Free Cash Flow Per Share	1.30	0.74	1.55	0.95	-0.88	-0.54
Cash Interest Paid	2,326	2,407	2,923	3,356	3,213	3,066
Cash Income Tax Paid	570.93	554.47	625.97	850.4	653.19	457.98

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