Bank of Communications 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	95,622	93,586	92,728	92,102	87,581
Depreciation & Amortization	19,325	18,733	17,737	16,068	14,463
Other Amortization	688	639	542	82	376
Gain (Loss) on Sale of Assets	-862	-647	-732	-731	-454
Gain (Loss) on Sale of Investments	-1,568	-1,721	223	-12,299	-8,480
Total Asset Writedown	2,123	1,488	1,183	1,716	1,798
Provision for Credit Losses	54,296	50,316	57,535	57,709	64,534
Change in Other Net Operating Assets	63,826	-121,137	70,476	281,091	-143,380
Other Operating Activities	-102,382	-93,924	-101,480	-62,579	-47,746
Operating Cash Flow	132,441	-57,348	137,323	368,221	-34,775
Operating Cash Flow Growth	-	-	-62.71%	-	-
Capital Expenditures	-43,197	-42,175	-47,591	-31,655	-22,947
Sale of Property, Plant and Equipment	12,627	5,820	9,603	7,028	3,969
Cash Acquisitions	-4,898	-2,169	-	-2,780	-869
Investment in Securities	-257,962	-173,202	-190,802	-353,223	-145,195
Other Investing Activities	112,958	113,637	112,167	95,733	89,494
Investing Cash Flow	-180,472	-98,089	-116,623	-284,897	-75,548
Long-Term Debt Issued	168,259	204,650	196,102	182,492	96,121
Long-Term Debt Repaid	-167,018	-109,622	-140,385	-166,013	-91,247
Net Debt Issued (Repaid)	1,241	95,028	55,717	16,479	4,874
Issuance of Common Stock	122,700	40,000	-	-	41,498
Total Dividends Paid	-57,313	-52,182	-50,390	-48,939	-44,502
Other Financing Activities	-53,676	-40,326	-439	-515	-564
Financing Cash Flow	12,952	42,520	4,888	-32,975	1,306
Foreign Exchange Rate Adjustments	-409	-594	1,070	4,146	-3,795
Net Cash Flow	-35,488	-113,511	26,658	54,495	-112,812
Free Cash Flow	89,244	-99,523	89,732	336,566	-57,722
Free Cash Flow Growth	-	-	-73.34%	-	-
Free Cash Flow Margin	42.41%	-48.07%	44.73%	171.39%	-28.47%
Free Cash Flow Per Share	1.09	-1.34	1.21	4.53	-0.78
Cash Interest Paid	236,829	257,116	245,813	206,325	190,305
Cash Income Tax Paid	28,351	31,595	28,893	35,101	29,179

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