HKG:2866 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	1,609	1,686	1,409	3,922	6,091
Depreciation & Amortization	2,974	2,775	2,533	2,320	2,166
Other Amortization	37.12	4.86	1.36	2.21	7.37
Loss (Gain) From Sale of Assets	-0.41	-23.67	-23.5	-58.93	-7.55
Asset Writedown & Restructuring Costs	130.17	3.53	312.41	253.81	13.6
Loss (Gain) From Sale of Investments	-1,944	-1,712	-1,738	-786.97	-1,743
Provision & Write-off of Bad Debts	-203.29	52.83	133.19	185.6	874.29
Other Operating Activities	3,684	3,851	3,965	1,965	1,855
Change in Accounts Receivable	-201.09	-1,231	-2,316	1,838	4,477
Change in Inventory	100.59	738.74	1,878	2,948	-4,907
Change in Accounts Payable	-1,024	536.89	-708.76	-1,276	5,826
Change in Other Net Operating Assets	-2.65	-4.3	3.33	10.87	7.25
Operating Cash Flow	5,188	6,704	5,314	11,213	14,578
Operating Cash Flow Growth	-22.61%	26.15%	-52.60%	-23.08%	68.15%
Capital Expenditures	-9,635	-9,915	-5,748	-11,103	-34,330
Sale of Property, Plant & Equipment	101.03	242.83	92.47	640.85	185.58
Cash Acquisitions	-	6.92	-	-	-
Divestitures	-	255.12	-	37.68	1,053
Investment in Securities	3,436	5,704	6,290	9,664	17,145
Other Investing Activities	689.7	593.21	328.3	459.31	738.66
Investing Cash Flow	-5,408	-3,113	962.73	-300.66	-15,208
Long-Term Debt Issued	60,489	45,269	45,203	61,757	73,469
Long-Term Debt Repaid	-54,157	-48,316	-48,909	-70,464	-66,453
Net Debt Issued (Repaid)	6,332	-3,047	-3,706	-8,708	7,016
Issuance of Common Stock	-	-	43.43	49.74	1,461
Repurchase of Common Stock	-358.66	-212.26	-	-	-
Common Dividends Paid	-4,223	-4,964	-5,216	-5,804	-3,490
Other Financing Activities	-26.1	-69.67	-48.66	-30.13	914.73
Financing Cash Flow	1,724	-8,293	-8,928	-14,492	5,902
Foreign Exchange Rate Adjustments	65.81	355.88	233.67	1,150	-189.8
Net Cash Flow	1,571	-4,346	-2,417	-2,431	5,082
Free Cash Flow	-4,446	-3,211	-433.22	110.19	-19,752
Free Cash Flow Margin	-17.64%	-11.62%	-2.76%	0.43%	-53.14%
Free Cash Flow Per Share	-0.34	-0.24	-0.03	0.01	-1.61
Cash Income Tax Paid	-1,068	-1,753	-28.01	-318.24	-1,115
Levered Free Cash Flow	-7,799	-6,890	-4,671	-3,368	-14,640
Unlevered Free Cash Flow	-5,533	-4,356	-2,237	-1,819	-13,599
Change in Working Capital	-1,098	67.2	-1,278	3,410	5,320

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