HKG:2460 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	985.34	1,637	1,329	989.81	858.14
Depreciation & Amortization	823.92	575.82	464.38	326.09	272.26
Loss (Gain) From Sale of Assets	12.67	13.57	13.84	3.37	6.78
Provision & Write-off of Bad Debts	-0.19	1.18	3.82	27.22	-9.48
Other Operating Activities	-178.76	-154.88	-113.98	-226.96	-340.84
Change in Accounts Receivable	-32.01	309.28	-62.82	-75.72	-111.69
Change in Inventory	104.9	-105.44	210.74	-174.03	-160.22
Change in Accounts Payable	-277	-937.12	-19.83	-2.6	213.17
Change in Unearned Revenue	72.22	53.92	-107.31	-22.25	99.07
Operating Cash Flow	1,511	1,393	1,718	844.93	827.19
Operating Cash Flow Growth	8.48%	-18.92%	103.35%	2.14%	-
Capital Expenditures	-1,413	-1,981	-2,251	-722.89	-314.68
Sale of Property, Plant & Equipment	9.16	20.15	8.45	2.29	2.48
Cash Acquisitions	-	-150.92	-	0.04	-
Investment in Securities	-933.92	-972.71	-3,459	-15.19	17.88
Other Investing Activities	245.81	110.73	3,611	736.97	976.27
Investing Cash Flow	-2,092	-2,974	-2,090	1.22	681.95
Short-Term Debt Issued	-	-	5,900	-	-
Long-Term Debt Issued	14.74	48.61	-	-	-
Total Debt Issued	14.74	48.61	5,900	-	-
Short-Term Debt Repaid	-	-0.42	-5,900	-0.02	-0.05
Long-Term Debt Repaid	-35.38	-51.56	-17.03	-19.57	-17.64
Total Debt Repaid	-35.38	-51.98	-5,917	-19.58	-17.69
Net Debt Issued (Repaid)	-20.64	-3.37	-17.03	-19.58	-17.69
Issuance of Common Stock	-	5,298	-	-	-
Common Dividends Paid	-3,810	-	-	-	-
Other Financing Activities	-1.88	-134.81	-43.57	-1.62	-1.78
Financing Cash Flow	-3,832	5,160	-60.6	-21.2	-19.47
Foreign Exchange Rate Adjustments	-114.34	46.44	-0.07	-0.13	1.47
Net Cash Flow	-4,527	3,626	-432.93	824.82	1,491
Free Cash Flow	98.31	-587.84	-532.69	122.04	512.51
Free Cash Flow Growth	-	-	-	-76.19%	-
Free Cash Flow Margin	0.89%	-4.35%	-3.94%	0.97%	4.52%
Free Cash Flow Per Share	0.04	-0.28	-0.27	0.06	0.26
Cash Interest Paid	1.88	2.41	42.52	1.62	1.78
Cash Income Tax Paid	117.24	534.71	420.05	366.01	470.32
Levered Free Cash Flow	-2,755	838.69	3,681	872.72	-
Unlevered Free Cash Flow	-2,754	840.21	3,707	873.73	-
Change in Working Capital	-131.9	-679.36	20.79	-274.6	40.33

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