PICC Property and Casualty Company Limited (HKG:2328)
Hong Kong · Delayed Price · Currency is HKD 17.55
+0.10 (0.57%)
Sep 4, 2026, 4:08 PM HKT
HKG:2328 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 48,212 | 40,370 | 32,173 | 24,585 | 29,163 | 22,360 |
Depreciation & Amortization | 4,241 | 3,839 | 3,801 | 3,750 | 3,717 | 3,496 |
Other Amortization | - | - | - | - | - | 268 |
Gain (Loss) on Sale of Assets | -49 | -49 | -84 | -110 | -118 | -111 |
Gain (Loss) on Sale of Investments | -13,058 | -13,058 | -8,750 | 4,300 | 3,545 | -3,703 |
Change in Accounts Receivable | - | - | - | - | - | -5,390 |
Reinsurance Recoverable | -2,822 | -2,822 | -1,176 | -2,043 | -5,227 | - |
Change in Insurance Reserves / Liabilities | 33,701 | 33,701 | 29,080 | 18,301 | 33,572 | 21,697 |
Change in Other Net Operating Assets | 6,754 | 6,754 | 5,200 | 1,031 | 3,922 | -1,794 |
Other Operating Activities | -26,190 | -18,632 | -16,892 | -23,968 | -21,307 | -16,828 |
Operating Cash Flow | 43,734 | 43,048 | 36,464 | 20,542 | 42,710 | 16,336 |
Operating Cash Flow Growth | 3.86% | 18.06% | 77.51% | -51.90% | 161.45% | 27.52% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -3,526 | -3,442 | -3,182 | -2,734 | -5,563 | -2,417 |
Sale of Property, Plant & Equipment | 185 | 241 | 288 | 218 | 203 | 340 |
Investment in Securities | -54,195 | -60,786 | -43,307 | -30,486 | -34,910 | -38,898 |
Other Investing Activities | 20,393 | 20,867 | 18,655 | 21,872 | 20,657 | 23,999 |
Investing Cash Flow | -37,143 | -43,120 | -27,546 | -11,130 | -32,188 | -8,158 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 26,138 | - | - | 3,705 | 8,957 |
Long-Term Debt Issued | - | - | 11,988 | - | - | - |
Total Debt Issued | 26,138 | 26,138 | 11,988 | - | 3,705 | 8,957 |
Total Debt Repaid | -16,716 | -8,826 | -1,247 | -2,532 | -927 | -15,924 |
Lease Payments | -659 | -826 | -861 | -859 | -927 | -924 |
Net Debt Issued (Repaid) | 9,422 | 17,312 | 10,741 | -2,532 | 2,778 | -6,967 |
Common Dividends Paid | -12,771 | -12,723 | -15,503 | -10,632 | -9,053 | -8,342 |
Other Financing Activities | 92 | -577 | -1,288 | -1,059 | -722 | -1,536 |
Financing Cash Flow | -3,257 | 4,012 | -6,050 | -14,223 | -6,997 | -16,845 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -74 | -35 | 7 | 49 | 311 | -111 |
Net Cash Flow | 3,260 | 3,905 | 2,875 | -4,762 | 3,836 | -8,778 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 40,208 | 39,606 | 33,282 | 17,808 | 37,147 | 13,919 |
Free Cash Flow Growth | 2.98% | 19.00% | 86.89% | -52.06% | 166.88% | 359.22% |
Free Cash Flow Margin | 7.18% | 7.27% | 6.47% | 3.76% | 8.42% | 3.33% |
Free Cash Flow Per Share | 1.81 | 1.78 | 1.50 | 0.80 | 1.67 | 0.63 |
Levered Free Cash Flow | -5,992 | -303 | 42,574 | -118,802 | -147,963 | 24,323 |
Unlevered Free Cash Flow | 104.88 | 5,757 | 49,493 | -111,832 | -141,633 | 25,189 |
Free Cash Flow After Leases | 39,549 | 38,780 | 32,421 | 16,949 | 36,220 | 12,995 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 1,004 | 1,271 | 1,113 | 1,059 | 893 | 1,775 |
Cash Income Tax Paid | 7,892 | 7,892 | 4,561 | 8,578 | 6,730 | 4,771 |
Change in Working Capital | 37,633 | 37,633 | 33,104 | 17,289 | 32,267 | 15,191 |