HKG:3768 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	196.21	263.22	316.51	322.25	338.28
Depreciation & Amortization	279.77	286.44	271.44	228.58	264.34
Other Amortization	-	2.28	3.79	3.34	3.17
Loss (Gain) From Sale of Assets	-	-16.11	-4.55	-19.79	22.29
Asset Writedown & Restructuring Costs	-	21.15	-0.85	-1.09	-2.62
Loss (Gain) From Sale of Investments	-	129.51	110.09	120.06	59.59
Loss (Gain) on Equity Investments	-	-5.04	-	0.69	1.73
Other Operating Activities	-1,000	30.63	-2.62	11.06	-102.73
Change in Accounts Receivable	-	-1,497	-913.01	-1,029	-1,073
Change in Inventory	-	1.36	14.32	-5.3	-2.59
Change in Accounts Payable	-	1,054	425.51	66.76	-33.35
Change in Unearned Revenue	-	22.96	0.32	-0.67	-37.99
Change in Other Net Operating Assets	-	-	-	-	-153.83
Operating Cash Flow	-524.16	293.82	220.95	-302.63	-716.96
Operating Cash Flow Growth	-	32.98%	-	-	-
Capital Expenditures	-282.96	-31.94	-84.83	-366.39	-57.68
Sale of Property, Plant & Equipment	0.1	5.71	0.11	0.01	0.42
Cash Acquisitions	-	-	-0.24	-16.36	-18.84
Divestitures	6.3	76.18	260	53.95	-
Sale (Purchase) of Intangibles	-	-	-0.9	-2.95	-143.61
Investment in Securities	-	0.47	6.46	-	-
Other Investing Activities	209.52	25.25	123.24	167.2	450.61
Investing Cash Flow	-66.83	75.67	303.83	-96.54	230.91
Long-Term Debt Issued	-	2,324	1,936	3,639	3,484
Long-Term Debt Repaid	-	-2,886	-2,544	-4,287	-2,023
Net Debt Issued (Repaid)	-	-561.74	-607.59	-647.91	1,461
Common Dividends Paid	-	-	-	-102.91	-174.95
Other Financing Activities	613.65	28.9	127.04	-222.71	-41.66
Financing Cash Flow	613.65	-532.84	-480.55	-973.54	1,244
Foreign Exchange Rate Adjustments	-0	0.24	-1.63	-0.15	-3.67
Net Cash Flow	22.65	-163.11	42.59	-1,373	754.41
Free Cash Flow	-807.12	261.88	136.12	-669.02	-774.63
Free Cash Flow Growth	-	92.39%	-	-	-
Free Cash Flow Margin	-54.55%	16.43%	7.53%	-32.38%	-33.42%
Free Cash Flow Per Share	-0.78	0.25	0.13	-0.65	-0.75
Cash Interest Paid	231.6	220.1	278.9	197.12	239.15
Cash Income Tax Paid	21.8	21.78	23.41	90.47	62.38
Levered Free Cash Flow	-694.02	-161.34	503.82	-812.44	-216.58
Unlevered Free Cash Flow	-548.46	-5.5	667.56	-654.36	-59.31
Change in Working Capital	-	-418.27	-472.86	-967.74	-1,301

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