HKG:2007 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	-32,835	-178,400	-6,052	26,797
Depreciation & Amortization	1,455	2,096	1,964	2,121
Other Amortization	154	280	302	266
Loss (Gain) From Sale of Assets	228	696	1,574	112
Asset Writedown & Restructuring Costs	837	3,403	117	227
Loss (Gain) From Sale of Investments	2,471	40,416	2,174	684
Loss (Gain) on Equity Investments	-1,778	-151	-3,726	-5,053
Stock-Based Compensation	241	390	521	484
Other Operating Activities	7,343	-3,833	-23,577	-16,575
Change in Accounts Receivable	33,841	138,146	68,902	74,911
Change in Inventory	170,853	328,941	262,792	138,347
Change in Accounts Payable	-219,361	-375,343	-287,161	-193,298
Change in Other Net Operating Assets	33,271	-32,774	17,791	-18,168
Operating Cash Flow	-3,280	-76,133	35,621	10,855
Operating Cash Flow Growth	-	-	228.15%	-
Capital Expenditures	-41	-553	-1,428	-3,126
Sale of Property, Plant & Equipment	511	760	629	542
Cash Acquisitions	22	833	523	606
Divestitures	759	1,798	791	-503
Sale (Purchase) of Intangibles	-	-154	-298	-432
Sale (Purchase) of Real Estate	15	61	-	-269
Investment in Securities	3,658	2,186	-63	-19,577
Other Investing Activities	1,128	4,612	4,252	4,705
Investing Cash Flow	6,052	9,543	4,406	-18,042
Long-Term Debt Issued	9,038	26,660	54,676	162,515
Total Debt Issued	9,038	26,660	54,676	162,515
Long-Term Debt Repaid	-11,651	-74,234	-123,408	-176,101
Total Debt Repaid	-11,651	-74,234	-123,408	-176,101
Net Debt Issued (Repaid)	-2,613	-47,574	-68,732	-13,586
Issuance of Common Stock	-	-	10,210	-
Common Dividends Paid	-	-	-873	-2,934
Other Financing Activities	-916	-6,866	707	3,616
Financing Cash Flow	-3,529	-54,440	-58,688	-12,904
Foreign Exchange Rate Adjustments	-11	-121	-12	-108
Net Cash Flow	-768	-121,151	-18,673	-20,199
Free Cash Flow	-3,321	-76,686	34,193	7,729
Free Cash Flow Growth	-	-	342.40%	-
Free Cash Flow Margin	-1.31%	-19.12%	7.95%	1.48%
Free Cash Flow Per Share	-0.12	-2.79	1.45	0.34
Cash Interest Paid	5,225	10,360	17,063	17,677
Cash Income Tax Paid	4,287	12,056	22,009	37,219
Levered Free Cash Flow	-2,844	11,390	186.25	-43,163
Unlevered Free Cash Flow	415.25	14,642	186.25	-43,163
Change in Working Capital	18,604	58,970	62,324	1,792

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