HKG:3399 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	236.51	201.89	-150.42	-220.31
Depreciation & Amortization	691.5	803.9	866.29	898.53
Other Amortization	83	69.49	78.3	68.62
Loss (Gain) From Sale of Assets	-21.3	-32.22	-27.76	-2.62
Asset Writedown & Restructuring Costs	10.55	39.38	49.77	19.52
Provision & Write-off of Bad Debts	1.37	7.63	11.28	5.62
Other Operating Activities	105.31	105.1	-81.62	135.56
Change in Accounts Receivable	-102.59	-60.52	-22.01	129.1
Change in Inventory	-11.04	-11.9	0.47	11.22
Change in Accounts Payable	173.46	-108.11	-51.48	-141.58
Change in Other Net Operating Assets	10.31	5.71	5	3.09
Operating Cash Flow	1,152	1,004	810.84	906.38
Operating Cash Flow Growth	14.80%	23.81%	-10.54%	-20.92%
Capital Expenditures	-313.12	-144.94	-248.74	-507.01
Sale of Property, Plant & Equipment	48.09	69.26	52.53	89.91
Divestitures	163.85	14.86	232.47	-
Investment in Securities	-11.13	-4.7	-35.21	-23.04
Other Investing Activities	73.8	29.81	62.22	17.9
Investing Cash Flow	-38.51	-35.7	63.27	-422.25
Long-Term Debt Issued	352.73	1,138	1,338	1,492
Long-Term Debt Repaid	-674.76	-1,512	-1,949	-1,490
Net Debt Issued (Repaid)	-322.03	-373.85	-610.91	2.44
Common Dividends Paid	-165.55	-120.11	-111.61	-122.93
Other Financing Activities	-288.72	-334.03	-456.9	-350.43
Financing Cash Flow	-776.3	-827.99	-1,179	-470.91
Foreign Exchange Rate Adjustments	1.66	0.47	0.62	-5.24
Net Cash Flow	339.29	140.67	-304.68	7.97
Free Cash Flow	839.32	858.95	562.1	399.37
Free Cash Flow Growth	-2.29%	52.81%	40.75%	95.96%
Free Cash Flow Margin	11.66%	11.88%	9.66%	6.37%
Free Cash Flow Per Share	1.05	1.07	0.70	0.50
Cash Income Tax Paid	5.36	5.36	197.11	288.32
Levered Free Cash Flow	882.41	734.94	394.71	261.65
Unlevered Free Cash Flow	992.28	841.62	528.76	401.21
Change in Working Capital	45.5	-191.27	65	1.47

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