HKG:2096 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	733.17	714.76	930.87	1,507
Depreciation & Amortization	300.79	291.51	268.66	234.39
Other Amortization	36.86	18.09	14.99	17.42
Loss (Gain) From Sale of Assets	1.5	-791.92	10.57	-402.02
Asset Writedown & Restructuring Costs	-	28.47	-	-
Loss (Gain) From Sale of Investments	266.25	744.82	-113.11	-697.19
Loss (Gain) on Equity Investments	-2.16	-7.84	-0.19	44.19
Stock-Based Compensation	97.81	12.12	138.29	62.39
Provision & Write-off of Bad Debts	-6.84	-0.87	-13.97	15.83
Other Operating Activities	49.3	62.68	38.36	-182.36
Change in Accounts Receivable	-94.47	-322.9	86.24	-545.2
Change in Inventory	-24.83	-376.64	-116.99	-8.33
Change in Accounts Payable	-	-	-	81.87
Change in Unearned Revenue	-15.43	-10.24	-14.26	-30.34
Change in Other Net Operating Assets	49.18	-210.99	124.65	-299.73
Operating Cash Flow	1,391	151.05	1,354	-201.97
Operating Cash Flow Growth	820.98%	-88.84%	-	-
Capital Expenditures	-356.97	-483.18	-342.82	-209.49
Sale of Property, Plant & Equipment	50.09	118.31	0.27	5.91
Divestitures	34.11	993.52	-	97.7
Sale (Purchase) of Intangibles	-405.6	-496.67	-335.19	-
Investment in Securities	-502.98	793.29	479.5	-1,091
Other Investing Activities	131.26	162.54	266.54	761.71
Investing Cash Flow	-1,050	1,088	68.31	-435.5
Long-Term Debt Issued	1,253	1,216	916.93	1,027
Total Debt Issued	1,253	1,216	916.93	1,027
Long-Term Debt Repaid	-1,505	-1,367	-1,233	-2,505
Total Debt Repaid	-1,505	-1,367	-1,233	-2,505
Net Debt Issued (Repaid)	-252.13	-151.07	-316.38	-1,478
Repurchase of Common Stock	-687.99	-289.07	-	-
Common Dividends Paid	-401.48	-419.22	-391.3	-391.3
Other Financing Activities	934.19	-35.47	-46.01	244.75
Financing Cash Flow	-407.4	-894.83	-753.68	-1,625
Foreign Exchange Rate Adjustments	2.29	4.83	15.12	-35.1
Net Cash Flow	-64.09	348.85	683.85	-2,297
Free Cash Flow	1,034	-332.13	1,011	-411.46
Free Cash Flow Margin	15.59%	-5.03%	15.99%	-8.23%
Free Cash Flow Per Share	0.41	-0.13	0.39	-0.16
Cash Interest Paid	30.79	35.47	29.98	70.85
Cash Income Tax Paid	114.54	10.18	-7.1	14.7
Levered Free Cash Flow	453.05	-1,045	175.48	438.89
Unlevered Free Cash Flow	496.52	-1,023	196.99	483.17
Change in Working Capital	-85.55	-920.76	79.64	-801.72

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