HKG:3908 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	11,326	9,791	5,694	6,156	7,598	10,778
Depreciation & Amortization, Total	1,627	1,627	1,694	1,544	1,645	1,183
Gain (Loss) On Sale of Investments	-3,199	-3,199	594.86	7,071	72.01	-13,031
Change in Accounts Receivable	-31,898	-31,898	-13,989	6,785	6,585	-3,631
Change in Accounts Payable	67,157	67,157	25,798	-42,886	-1,344	22,786
Change in Other Net Operating Assets	18,312	18,312	26,716	28,940	8,053	30,237
Other Operating Activities	20,585	4,983	5,698	1,302	4,418	3,738
Operating Cash Flow	88,214	71,076	41,874	-10,584	57,961	1,867
Capital Expenditures	-731.52	-765.33	-942.09	-1,460	-1,586	-1,058
Cash Acquisitions	-	142.96	-	-	-	236.18
Investment in Securities	-47,738	-38,143	-25,345	1,632	-23,720	-8,104
Other Investing Activities	3,485	3,049	1,969	1,904	1,845	1,608
Investing Cash Flow	-44,982	-35,714	-24,313	2,082	-23,437	-7,330
Short-Term Debt Issued	-	21,200	12,720	43,809	79,242	51,105
Long-Term Debt Issued	-	57,381	72,191	57,748	25,979	61,727
Total Debt Issued	98,830	78,581	84,911	101,557	105,221	112,832
Short-Term Debt Repaid	-	-14,200	-10,720	-46,552	-79,914	-61,944
Long-Term Debt Repaid	-	-67,236	-81,154	-61,456	-40,348	-22,742
Total Debt Repaid	-88,363	-81,436	-91,874	-108,008	-120,262	-84,687
Net Debt Issued (Repaid)	10,467	-2,855	-6,963	-6,451	-15,040	28,145
Issuance of Common Stock	18,400	6,200	6,500	-	7,900	3,500
Repurchase of Common Stock	-6,500	-5,000	-	-	-	-
Common Dividends Paid	-6,492	-6,751	-7,878	-7,194	-1,834	-1,101
Other Financing Activities	39.61	-35.29	-56.09	-66.65	-6,153	-5,019
Financing Cash Flow	15,915	-8,441	-8,398	-13,711	-15,127	25,525
Foreign Exchange Rate Adjustments	-1,038	-943.71	147.48	303.76	89.22	-1,531
Net Cash Flow	58,109	25,978	9,311	-21,910	19,485	18,531
Free Cash Flow	87,482	70,311	40,932	-12,044	56,375	808.99
Free Cash Flow Growth	136.46%	71.78%	-	-	6868.58%	-
Free Cash Flow Margin	273.67%	246.85%	208.50%	-56.24%	203.90%	2.44%
Free Cash Flow Per Share	18.37	14.56	8.48	-2.50	11.68	0.17
Cash Interest Paid	7,203	6,894	6,113	6,977	9,233	7,234
Cash Income Tax Paid	2,750	2,734	1,570	2,565	1,994	2,024

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