HKG:2299 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	643.2	747.9	353.4	655.82	1,760
Depreciation & Amortization	843.59	838.44	779.9	716.86	635.84
Other Amortization	1.03	1.03	1.03	1.03	0.98
Loss (Gain) From Sale of Assets	0.02	-0.25	0.39	-2.67	1.32
Loss (Gain) From Sale of Investments	-3.61	-4.22	-3	-2.5	-11.64
Provision & Write-off of Bad Debts	0.02	0.27	8.81	9.45	1.36
Other Operating Activities	-94.28	38.46	-27.66	-198.62	143.28
Change in Accounts Receivable	2,270	-939.05	-316.56	-687.18	-412.74
Change in Inventory	-476.59	-845.26	-458.34	-1,166	-914.02
Change in Accounts Payable	-4,270	1,125	-621.91	3,637	4,984
Change in Unearned Revenue	-8.48	-40.79	190.39	-55.07	-
Operating Cash Flow	-1,095	921.15	-93.55	2,909	6,188
Operating Cash Flow Growth	-	-	-	-52.99%	359.73%
Capital Expenditures	-750.48	-178.09	-1,030	-2,713	-1,199
Sale of Property, Plant & Equipment	0.19	1.69	-	-	-
Sale (Purchase) of Intangibles	-1.43	-	-	-1.67	-1.53
Investment in Securities	-547.62	-35.82	50	550	-600
Other Investing Activities	1,332	-572.96	1,311	31.88	-2,329
Investing Cash Flow	32.81	-785.18	331.03	-2,133	-4,129
Long-Term Debt Issued	9,319	2,053	4,188	2,075	3,040
Long-Term Debt Repaid	-8,011	-1,970	-4,350	-2,524	-5,001
Net Debt Issued (Repaid)	1,308	82.74	-162.09	-449.43	-1,961
Repurchase of Common Stock	-13.2	-11.38	-1.21	-	-2.97
Other Financing Activities	-103.9	-138.31	-147.44	-241.81	-289.06
Financing Cash Flow	1,190	-66.95	-310.73	-691.23	-2,253
Foreign Exchange Rate Adjustments	3.58	0.36	-0.23	-2.59	1.4
Net Cash Flow	131.39	69.39	-73.48	82.28	-193.58
Free Cash Flow	-1,846	743.06	-1,124	195.9	4,989
Free Cash Flow Growth	-	-	-	-96.07%	-
Free Cash Flow Margin	-10.23%	3.60%	-6.33%	1.26%	35.03%
Free Cash Flow Per Share	-0.87	0.35	-0.53	0.09	2.35
Cash Interest Paid	103.9	138.31	147.44	241.81	289.06
Cash Income Tax Paid	104.37	26.74	42.17	179.84	308.2
Levered Free Cash Flow	-2,687	435.16	564.69	-1,350	2,067
Unlevered Free Cash Flow	-2,619	517.97	639.8	-1,215	2,235
Change in Working Capital	-2,485	-700.48	-1,206	1,730	3,657

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