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	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	177.24	209.9	203.22	241.93	247.22	Upgrade
Depreciation & Amortization	336.79	330.94	307.79	286.71	203.75	Upgrade
Other Amortization	31.39	28.05	27.6	21.25	6.17	Upgrade
Loss (Gain) on Sale of Assets	-1.85	4.71	0.3	-1.29	-0.25	Upgrade
Loss (Gain) on Sale of Investments	-5.16	3.04	-0.59	-0.67	-0.72	Upgrade
Asset Writedown	-	-	-	12.22	4.81	Upgrade
Change in Accounts Receivable	-109.22	-70.51	-87.29	-265.98	-190.17	Upgrade
Change in Inventory	4.36	15.38	-35.75	35.61	-11.36	Upgrade
Change in Accounts Payable	-34.58	-26.46	11.01	56.52	-11.51	Upgrade
Other Operating Activities	101.64	91.5	151.36	136.74	118.2	Upgrade
Operating Cash Flow	536.25	609.19	597.24	537.2	369.44	Upgrade
Operating Cash Flow Growth	-11.97%	2.00%	11.18%	45.41%	52.93%	Upgrade
Capital Expenditures	-352.54	-522.65	-678.39	-754.36	-997.08	Upgrade
Sale of Property, Plant & Equipment	0.01	3.99	0.06	2.48	0.5	Upgrade
Divestitures	5.61	-	-	-	-	Upgrade
Investment in Securities	2.9	41.62	-	1.11	-	Upgrade
Investing Cash Flow	-344.01	-477.04	-678.33	-750.76	-996.57	Upgrade
Short-Term Debt Issued	3.15	2.65	-	-	-	Upgrade
Long-Term Debt Issued	620.64	735.83	1,101	754.23	1,256	Upgrade
Total Debt Issued	623.79	738.48	1,101	754.23	1,256	Upgrade
Long-Term Debt Repaid	-619.09	-909.56	-1,095	-521.32	-538.15	Upgrade
Net Debt Issued (Repaid)	4.7	-171.08	6.42	232.91	717.37	Upgrade
Common Dividends Paid	-140.26	-160.65	-187.32	-198.97	-160.66	Upgrade
Other Financing Activities	-	-19.67	-0	15.18	10.71	Upgrade
Financing Cash Flow	-135.56	-351.4	-180.9	49.12	567.41	Upgrade
Net Cash Flow	56.68	-219.25	-261.99	-164.45	-59.72	Upgrade
Free Cash Flow	183.72	86.54	-81.15	-217.16	-627.63	Upgrade
Free Cash Flow Growth	112.28%	-	-	-	-	Upgrade
Free Cash Flow Margin	13.81%	6.73%	-6.00%	-15.85%	-52.06%	Upgrade
Free Cash Flow Per Share	0.22	0.10	-0.10	-0.25	-0.74	Upgrade
Cash Interest Paid	-	-	-	0.21	4.09	Upgrade
Cash Income Tax Paid	126.18	101.34	107.38	117.87	118.31	Upgrade
Levered Free Cash Flow	97.78	-58.25	-364.3	-586.71	-741.54	Upgrade
Unlevered Free Cash Flow	153.37	-9.82	-282.21	-507.04	-671.78	Upgrade
Change in Working Capital	-145.37	-83.62	-120.58	-176.35	-214.03	Upgrade

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