HKG:2666 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	2,209	2,104	2,110	1,960	1,948
Depreciation & Amortization	788.46	602.26	508.67	442.05	319.46
Loss (Gain) From Sale of Investments	38.48	-300.26	-289.32	-140.89	256.75
Asset Writedown & Restructuring Costs	-	-	0.04	-	-
Provision for Credit Losses	330.86	322.92	192.1	307.14	318.24
Loss (Gain) on Equity Investments	9.09	-26.56	-6.38	-13.46	-13.87
Stock-Based Compensation	-	-	1.06	0.44	5.8
Change in Accounts Payable	73.84	-776.19	557.17	639.63	171.1
Change in Trading Asset Securities	-8.92	10.63	-11.08	-	-
Change in Other Net Operating Assets	1,232	-3,107	-996.39	-3,712	-6,076
Other Operating Activities	1,526	2,276	2,890	2,600	1,717
Operating Cash Flow	5,776	1,138	4,994	2,032	-1,401
Operating Cash Flow Growth	407.45%	-77.21%	145.76%	-	-
Capital Expenditures	-988.91	-1,255	-896.83	-617.87	-385.07
Sale of Property, Plant & Equipment	12.42	12.04	0.07	0.27	0.15
Cash Acquisitions	0.35	-239.15	-409.55	436.73	47.47
Divestitures	-0.86	-0.04	-	-	-
Investment in Securities	-35.73	73.04	81.41	168.93	-274.6
Other Investing Activities	53.98	324.21	165.91	-109.46	-52.48
Investing Cash Flow	-958.75	-1,085	-1,059	-121.4	-664.52
Long-Term Debt Issued	38,775	44,935	47,373	33,476	35,610
Long-Term Debt Repaid	-41,799	-43,055	-47,032	-32,663	-31,590
Net Debt Issued (Repaid)	-3,024	1,880	341.19	812.64	4,020
Issuance of Common Stock	-	-	-	-	969.41
Common Dividends Paid	-615.5	-604.47	-591.98	-580.46	-482.98
Other Financing Activities	-1,455	-1,796	-3,543	-1,809	-2,115
Financing Cash Flow	-5,094	-520.67	-3,794	-1,576	2,392
Foreign Exchange Rate Adjustments	5.35	-2.34	2.3	-25.25	-21.14
Net Cash Flow	-271.52	-469.67	143.63	309	305.54
Free Cash Flow	4,787	-116.76	4,097	1,414	-1,786
Free Cash Flow Growth	-	-	189.71%	-	-
Free Cash Flow Margin	32.93%	-0.88%	30.53%	12.06%	-18.67%
Free Cash Flow Per Share	2.38	-0.06	1.97	0.68	-0.88
Cash Interest Paid	1,630	1,945	2,315	1,980	1,686
Cash Income Tax Paid	793.25	735.76	727.33	705.78	709.69

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