HKG:3898 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	-	3,703	3,041	2,556	2,018
Depreciation & Amortization	-	937.37	974.39	787.09	572.55
Other Amortization	-	297.53	37.32	28.81	29.98
Loss (Gain) From Sale of Assets	-	-22.95	-2.78	-4.08	2.07
Asset Writedown & Restructuring Costs	-	27.7	29.36	-	49.88
Loss (Gain) From Sale of Investments	-	-80.87	-161.69	-142.53	-113.84
Provision & Write-off of Bad Debts	-	343.03	259.44	62.59	-99.99
Other Operating Activities	-	116.49	-32.57	-120.64	128.13
Change in Accounts Receivable	-	-8,715	-3,798	-2,893	-783.12
Change in Inventory	-	-1,545	357	-788.71	-755.29
Change in Accounts Payable	-	9,027	2,559	2,514	1,220
Change in Other Net Operating Assets	-	-635.93	-345.9	10.81	6.54
Operating Cash Flow	-	3,361	2,768	2,041	2,150
Operating Cash Flow Growth	-	21.45%	35.58%	-5.07%	23.06%
Capital Expenditures	-	-3,451	-2,983	-953.44	-974
Sale of Property, Plant & Equipment	-	31.38	7.66	22.41	2.74
Cash Acquisitions	-	-	12.34	-	-
Investment in Securities	-	-16.65	484.92	21,450	-5,157
Other Investing Activities	-	236.2	199	-22,782	114.99
Investing Cash Flow	-	-3,200	-2,279	-2,263	-6,014
Long-Term Debt Issued	-	319	838.09	267.86	265.14
Long-Term Debt Repaid	-	-1,471	-618.66	-260.93	-315.68
Net Debt Issued (Repaid)	-	-1,152	219.43	6.92	-50.55
Issuance of Common Stock	-	-	-	-	7,443
Repurchase of Common Stock	-	-1,744	-	-	-
Common Dividends Paid	-	-1,127	-809.34	-646.92	-660
Other Financing Activities	-	4,479	18.83	48.61	242.26
Financing Cash Flow	-	456.25	-571.07	-591.38	6,975
Foreign Exchange Rate Adjustments	-	6.27	18.51	4.95	-12.27
Net Cash Flow	-	624.03	-63.7	-808.19	3,099
Free Cash Flow	-	-89.41	-215.07	1,088	1,176
Free Cash Flow Growth	-	-	-	-7.52%	-
Free Cash Flow Margin	-	-0.36%	-0.98%	6.03%	7.78%
Free Cash Flow Per Share	-	-0.06	-0.15	0.77	0.95
Cash Income Tax Paid	-	1,433	1,213	360.16	1,066
Levered Free Cash Flow	-	776.2	-592.57	618.05	841.55
Unlevered Free Cash Flow	-	800.81	-562.97	631.15	854.72
Change in Working Capital	-	-1,960	-1,377	-1,126	-436.23

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