HKG:2877 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	840.05	969.51	722.77	556.67
Depreciation & Amortization	68.74	60.23	185.86	182.39
Loss (Gain) From Sale of Assets	-4.01	2.39	-0.13	16.47
Loss (Gain) From Sale of Investments	6.61	5.44	8.83	7.02
Stock-Based Compensation	-	-	-	0.03
Other Operating Activities	-170.21	-128.19	-97.6	-102.65
Change in Accounts Receivable	51.76	-290.75	-158.71	-66.97
Change in Inventory	169.97	-123.18	-69.7	-140.13
Change in Accounts Payable	-80.12	176.05	80.13	55.39
Change in Unearned Revenue	-25.12	-101.56	67.23	18.21
Change in Other Net Operating Assets	105.47	362.69	370.99	176.71
Operating Cash Flow	963.14	932.64	1,110	703.15
Operating Cash Flow Growth	3.27%	-15.95%	57.82%	10.11%
Capital Expenditures	-140.11	-144.33	-129.46	-93.63
Sale of Property, Plant & Equipment	4.71	12.9	2.58	81.6
Cash Acquisitions	-	-	-	8.51
Divestitures	2.34	-	0.92	0.88
Investment in Securities	-337.38	10.31	6.67	8.74
Other Investing Activities	198.34	71.58	73.88	388.92
Investing Cash Flow	-272.11	-49.54	-45.42	395.01
Short-Term Debt Issued	330	300	-	-
Total Debt Issued	330	300	-	-
Short-Term Debt Repaid	-300	-	-	-370.32
Long-Term Debt Repaid	-8.29	-6.88	-7.68	-7.71
Total Debt Repaid	-308.29	-6.88	-7.68	-378.03
Net Debt Issued (Repaid)	21.71	293.13	-7.68	-378.03
Issuance of Common Stock	-	-	-	3.66
Common Dividends Paid	-407.92	-317.27	-241.73	-453.07
Other Financing Activities	-6.27	-2.6	-0.63	-1.49
Financing Cash Flow	-392.48	-26.74	-250.04	-828.94
Foreign Exchange Rate Adjustments	-47.17	6.15	6.33	-6.51
Net Cash Flow	251.38	862.51	820.54	262.71
Free Cash Flow	823.02	788.31	980.21	609.52
Free Cash Flow Growth	4.40%	-19.58%	60.82%	6.46%
Free Cash Flow Margin	21.78%	17.45%	24.81%	18.91%
Free Cash Flow Per Share	1.09	1.04	1.30	0.81
Cash Interest Paid	6.27	2.6	0.63	1.49
Cash Income Tax Paid	246.4	224.14	136.3	132.32
Levered Free Cash Flow	564.33	484.47	827.13	776.83
Unlevered Free Cash Flow	568.16	486.18	827.52	777.61
Change in Working Capital	221.96	23.25	289.94	43.21

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