HKG:2313 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	6,241	4,557	4,563	3,372
Depreciation & Amortization	1,506	1,460	1,387	1,147
Other Amortization	16.2	14.29	11.41	9
Loss (Gain) From Sale of Assets	-336.78	-49.13	0.02	1.99
Loss (Gain) From Sale of Investments	-18.91	-83.4	13.42	-140.94
Loss (Gain) on Equity Investments	-5.3	-12.84	21.4	-7.26
Other Operating Activities	-566.28	-918.44	26.72	-136.65
Change in Accounts Receivable	-1,128	-18.47	-1,504	666.05
Change in Inventory	-760.22	136.07	374.8	-1,824
Change in Accounts Payable	294.81	266.62	-454.92	326.68
Change in Unearned Revenue	-4.45	9.89	6.83	0.02
Change in Other Net Operating Assets	35.21	-135.3	181.79	180.81
Operating Cash Flow	5,273	5,227	4,628	3,594
Operating Cash Flow Growth	0.89%	12.93%	28.76%	-37.54%
Capital Expenditures	-1,522	-805.99	-1,240	-2,181
Sale of Property, Plant & Equipment	153.72	189.82	70.76	71.45
Sale (Purchase) of Intangibles	-25.97	-24.28	-32.56	-20.69
Investment in Securities	-3,116	-1,981	-1,937	-950.61
Other Investing Activities	1,040	1,242	2,768	-3,329
Investing Cash Flow	-3,469	-1,380	-371.33	-6,410
Long-Term Debt Issued	11,331	10,290	10,573	8,281
Total Debt Issued	11,331	10,290	10,573	8,281
Long-Term Debt Repaid	-10,796	-7,492	-12,424	-4,244
Total Debt Repaid	-10,796	-7,492	-12,424	-4,244
Net Debt Issued (Repaid)	535.23	2,798	-1,852	4,037
Common Dividends Paid	-3,186	-2,458	-2,063	-2,718
Other Financing Activities	-	-6.5	-	-
Financing Cash Flow	-2,651	333.22	-3,915	1,320
Foreign Exchange Rate Adjustments	119.69	47.23	339.87	-43.78
Net Cash Flow	-727.62	4,227	681.88	-1,539
Free Cash Flow	3,751	4,421	3,388	1,413
Free Cash Flow Growth	-15.14%	30.49%	139.68%	-59.00%
Free Cash Flow Margin	13.09%	17.70%	12.19%	5.93%
Free Cash Flow Per Share	2.50	2.94	2.25	0.94
Cash Interest Paid	377.39	346.21	224.58	145.33
Cash Income Tax Paid	425.79	542.55	503.99	278.56
Levered Free Cash Flow	2,310	3,907	4,116	-2,666
Unlevered Free Cash Flow	2,545	4,123	4,259	-2,576
Change in Working Capital	-1,562	258.82	-1,395	-650.61

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