HKG:3692 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	4,372	3,278	2,584	2,713
Depreciation & Amortization	401.35	366.38	344.6	278.47
Loss (Gain) From Sale of Assets	-5.72	-2.1	-11.24	-3.94
Asset Writedown & Restructuring Costs	31.98	-	-	-
Loss (Gain) From Sale of Investments	-61.27	-158.22	-67.58	-26.28
Loss (Gain) on Equity Investments	-	2.12	13.86	-
Stock-Based Compensation	137.73	171.37	179.42	65.47
Provision & Write-off of Bad Debts	-18.18	22.38	7.15	0.82
Other Operating Activities	-1,032	-820.19	-2.96	-22.01
Change in Accounts Receivable	62.67	341.76	90.45	-549.35
Change in Inventory	-86.73	-129.54	-40.94	-111.75
Change in Accounts Payable	54.09	-58.53	-26.03	123.95
Change in Unearned Revenue	-19.24	13.37	2.9	-173.49
Change in Other Net Operating Assets	25.38	90.17	-332.15	282.26
Operating Cash Flow	3,862	3,116	2,741	2,577
Operating Cash Flow Growth	23.93%	13.69%	6.37%	7.80%
Capital Expenditures	-221.96	-219.6	-272.82	-460.03
Sale of Property, Plant & Equipment	23.96	10.96	21.1	54.77
Sale (Purchase) of Intangibles	-302.97	-142.93	-19	-15.16
Investment in Securities	-1,988	647.54	-5,846	-2,095
Other Investing Activities	1,097	778	181.17	256.75
Investing Cash Flow	-1,392	1,074	-5,935	-2,259
Short-Term Debt Issued	500	900	-	-
Long-Term Debt Issued	-	-	-	3,877
Total Debt Issued	500	900	-	3,877
Short-Term Debt Repaid	-500	-900	-	-
Long-Term Debt Repaid	-4,204	-18.96	-42.49	-12.29
Total Debt Repaid	-4,704	-918.96	-42.49	-12.29
Net Debt Issued (Repaid)	-4,204	-18.96	-42.49	3,865
Issuance of Common Stock	33.19	37.99	13.14	15.11
Repurchase of Common Stock	-33.69	-114.87	-76.62	-57.97
Common Dividends Paid	-1,858	-652.08	-712.18	-380.87
Other Financing Activities	-3.21	-5.77	-	-24.23
Financing Cash Flow	-6,066	-753.7	-818.14	3,417
Foreign Exchange Rate Adjustments	-62.43	-122.36	-40.57	-79.29
Net Cash Flow	-3,658	3,314	-4,053	3,655
Free Cash Flow	3,640	2,897	2,468	2,117
Free Cash Flow Growth	25.67%	17.36%	16.60%	119.88%
Free Cash Flow Margin	29.69%	28.67%	26.31%	21.31%
Free Cash Flow Per Share	0.61	0.48	0.42	0.35
Cash Interest Paid	3.21	5.77	-	-
Cash Income Tax Paid	807.17	589.58	324.03	319.44
Levered Free Cash Flow	2,401	2,069	1,453	1,256
Unlevered Free Cash Flow	2,405	2,111	1,489	1,289
Change in Working Capital	36.16	257.23	-305.78	-428.38

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