HKG:2669 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	1,511	1,343	1,094	801.53
Depreciation & Amortization	85.73	72.31	66.24	48.72
Other Amortization	17.31	10.43	7	5.54
Loss (Gain) From Sale of Assets	0.3	0.56	1.31	0.52
Asset Writedown & Restructuring Costs	18.31	9.64	4.17	1.55
Loss (Gain) From Sale of Investments	72.19	42.54	43.41	19.18
Loss (Gain) on Equity Investments	-6.2	-6.47	-4.19	-1.34
Stock-Based Compensation	-2.39	0.61	5.41	6.56
Other Operating Activities	-63.38	-6.42	-17.39	-51.48
Change in Accounts Receivable	-336.73	-657.55	-761.12	-438.28
Change in Inventory	82.85	118.67	-29.23	-221.26
Change in Accounts Payable	412.56	652.86	691.27	240.06
Change in Other Net Operating Assets	-478.4	-75	-55.44	215.67
Operating Cash Flow	1,313	1,505	1,045	626.97
Operating Cash Flow Growth	-12.73%	43.98%	66.69%	-38.97%
Capital Expenditures	-57.8	-49.53	-42.46	-64.17
Sale of Property, Plant & Equipment	2.01	-	0.31	0.96
Cash Acquisitions	-	-	-45.53	-0.29
Sale (Purchase) of Intangibles	-80.29	-93.9	-59.76	-35.7
Sale (Purchase) of Real Estate	-	-	-	-0.03
Investment in Securities	-936.79	-228.91	-910	-147.94
Other Investing Activities	77.95	93.35	23.04	32.49
Investing Cash Flow	-994.92	-278.99	-1,034	-214.69
Short-Term Debt Issued	53.18	56.36	579.45	65.17
Total Debt Issued	53.18	56.36	579.45	65.17
Short-Term Debt Repaid	-59.54	-60	-519.45	-65.17
Long-Term Debt Repaid	-49.8	-46.04	-30.84	-25.34
Total Debt Repaid	-109.34	-106.04	-550.29	-90.51
Net Debt Issued (Repaid)	-56.16	-49.69	29.16	-25.34
Repurchase of Common Stock	-11.48	-	-	-
Common Dividends Paid	-510.57	-407.85	-282.37	-192.8
Other Financing Activities	-10.63	-5.31	-25.66	7.53
Financing Cash Flow	-588.84	-462.84	-278.87	-210.6
Foreign Exchange Rate Adjustments	6.99	10.72	8.27	93.72
Net Cash Flow	-263.72	773.57	-259.92	295.39
Free Cash Flow	1,255	1,455	1,003	562.79
Free Cash Flow Growth	-13.74%	45.13%	78.15%	-44.03%
Free Cash Flow Margin	8.95%	11.15%	9.20%	7.32%
Free Cash Flow Per Share	0.38	0.44	0.30	0.17
Cash Interest Paid	8.53	6.52	12.03	2.64
Cash Income Tax Paid	452.11	381.51	302.96	257.71
Levered Free Cash Flow	899.32	1,275	556.05	473.48
Unlevered Free Cash Flow	904.65	1,280	563.57	475.12
Change in Working Capital	-319.72	38.98	-154.52	-203.81

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.