HKG:2382 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	2,699	1,099	2,408	4,988
Depreciation & Amortization	2,226	2,067	1,941	1,760
Loss (Gain) From Sale of Assets	-80.42	-7.85	-47.22	1.35
Loss (Gain) From Sale of Investments	-9.65	0.2	28.73	1.77
Loss (Gain) on Equity Investments	-118.38	-22.52	6	-19.01
Stock-Based Compensation	294.72	280.4	243.4	188.28
Provision & Write-off of Bad Debts	0.1	22.31	10.57	5.18
Other Operating Activities	111.56	-222.13	57.75	-169.81
Change in Accounts Receivable	-1,360	-541.71	368.64	833.62
Change in Inventory	-794.47	-435.86	841.28	168.84
Change in Accounts Payable	933.43	1,011	2,486	-942.59
Change in Unearned Revenue	19.42	-108.85	121.91	163.96
Change in Other Net Operating Assets	-466.88	-476.88	-1,088	-0.39
Operating Cash Flow	3,455	2,664	7,377	6,979
Operating Cash Flow Growth	29.68%	-63.88%	5.71%	-2.53%
Capital Expenditures	-2,084	-2,245	-3,047	-2,526
Sale of Property, Plant & Equipment	23.85	35.72	60.92	58.57
Divestitures	-	7.5	29.62	-
Sale (Purchase) of Intangibles	-176.67	-243.03	-66.32	-62.96
Investment in Securities	-8,787	136.27	-1,240	-685.42
Other Investing Activities	586.57	820.44	429.63	314.29
Investing Cash Flow	-10,437	-1,488	-3,834	-2,902
Long-Term Debt Issued	26,641	23,043	8,152	5,558
Total Debt Issued	26,641	23,043	8,152	5,558
Long-Term Debt Repaid	-27,296	-17,130	-8,619	-5,404
Total Debt Repaid	-27,296	-17,130	-8,619	-5,404
Net Debt Issued (Repaid)	-655.76	5,913	-467.51	154.3
Repurchase of Common Stock	-369.3	-273.65	-358.86	-212.18
Common Dividends Paid	-228.27	-517.19	-1,059	-987.04
Other Financing Activities	-321.14	-264.39	-274.11	-196.49
Financing Cash Flow	-1,574	4,858	-2,159	-1,241
Foreign Exchange Rate Adjustments	-19.87	17	43.76	-72.65
Net Cash Flow	-8,576	6,051	1,428	2,763
Free Cash Flow	1,372	419.72	4,330	4,453
Free Cash Flow Growth	226.79%	-90.31%	-2.77%	-0.67%
Free Cash Flow Margin	3.58%	1.32%	13.04%	11.88%
Free Cash Flow Per Share	1.26	0.38	3.96	4.07
Cash Interest Paid	326.64	348.55	261.04	222.13
Cash Income Tax Paid	213.21	190.74	385.9	627.49
Levered Free Cash Flow	-278.68	6,259	3,713	2,417
Unlevered Free Cash Flow	33.43	6,540	3,896	2,561
Change in Working Capital	-1,668	-552.58	2,730	223.44

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