HKG:2281 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	177.24	209.9	203.22	241.93
Depreciation & Amortization	336.79	330.94	307.79	286.71
Other Amortization	31.39	28.05	27.6	21.25
Loss (Gain) on Sale of Assets	-1.85	4.71	0.3	-1.29
Loss (Gain) on Sale of Investments	-5.16	3.04	-0.59	-0.67
Asset Writedown	-	-	-	12.22
Change in Accounts Receivable	-109.22	-70.51	-87.29	-265.98
Change in Inventory	4.36	15.38	-35.75	35.61
Change in Accounts Payable	-34.58	-26.46	11.01	56.52
Other Operating Activities	101.64	91.5	151.36	136.74
Operating Cash Flow	536.25	609.19	597.24	537.2
Operating Cash Flow Growth	-11.97%	2.00%	11.18%	45.41%
Capital Expenditures	-352.54	-522.65	-678.39	-754.36
Sale of Property, Plant & Equipment	0.01	3.99	0.06	2.48
Divestitures	5.61	-	-	-
Investment in Securities	2.9	41.62	-	1.11
Investing Cash Flow	-344.01	-477.04	-678.33	-750.76
Short-Term Debt Issued	3.15	2.65	-	-
Long-Term Debt Issued	620.64	735.83	1,101	754.23
Total Debt Issued	623.79	738.48	1,101	754.23
Long-Term Debt Repaid	-619.09	-909.56	-1,095	-521.32
Net Debt Issued (Repaid)	4.7	-171.08	6.42	232.91
Common Dividends Paid	-140.26	-160.65	-187.32	-198.97
Other Financing Activities	-	-19.67	-0	15.18
Financing Cash Flow	-135.56	-351.4	-180.9	49.12
Net Cash Flow	56.68	-219.25	-261.99	-164.45
Free Cash Flow	183.72	86.54	-81.15	-217.16
Free Cash Flow Growth	112.28%	-	-	-
Free Cash Flow Margin	13.81%	6.73%	-6.00%	-15.85%
Free Cash Flow Per Share	0.22	0.10	-0.10	-0.25
Cash Interest Paid	-	-	-	0.21
Cash Income Tax Paid	126.18	101.34	107.38	117.87
Levered Free Cash Flow	97.78	-58.25	-364.3	-586.71
Unlevered Free Cash Flow	153.37	-9.82	-282.21	-507.04
Change in Working Capital	-145.37	-83.62	-120.58	-176.35

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