China Railway Signal & Communication Corporation Limited (HKG:3969)
Hong Kong · Delayed Price · Currency is HKD 3.105
-0.035 (-1.11%)
Sep 11, 2026, 4:08 PM HKT
HKG:3969 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 3,539 | 3,686 | 3,495 | 3,477 | 3,634 | 3,275 |
Depreciation & Amortization | 666.54 | 688.19 | 679.58 | 697.42 | 600.91 | 635.81 |
Other Amortization | 131.4 | 93.62 | 75.49 | 61.16 | 84.94 | 72.48 |
Loss (Gain) From Sale of Assets | -79.07 | -79.37 | -42.2 | -0.06 | -29.6 | -35.95 |
Asset Writedown & Restructuring Costs | -20.62 | -24.17 | 22.18 | 15.67 | -33.42 | 64.53 |
Loss (Gain) From Sale of Investments | -138.24 | -119.54 | -128.58 | -145.01 | -121.6 | -113.91 |
Provision & Write-off of Bad Debts | 368.04 | 379.19 | 324.11 | 445.97 | 594.32 | 160.24 |
Other Operating Activities | 775.25 | 821.4 | 525.38 | 507.34 | 728.77 | 264.36 |
Change in Accounts Receivable | 680.69 | -187.92 | -1,512 | -2,540 | -4,911 | -3,351 |
Change in Inventory | 45.98 | 101.65 | -247.54 | -835.17 | 114.06 | -3.01 |
Change in Accounts Payable | -3,581 | -6,606 | 2,118 | 895.3 | 1,414 | 1,898 |
Change in Other Net Operating Assets | 6.31 | 21.21 | -9.6 | -424.39 | 119.76 | -37.42 |
Operating Cash Flow | 2,304 | -1,294 | 5,236 | 2,058 | 2,082 | 2,769 |
Operating Cash Flow Growth | - | - | 154.42% | -1.16% | -24.80% | -7.94% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -712.98 | -770.27 | -858.93 | -680.61 | -707.99 | -869.52 |
Sale of Property, Plant & Equipment | 94.86 | 94.28 | 146.46 | 1.2 | 34.18 | 92.19 |
Cash Acquisitions | - | - | 30.38 | - | - | - |
Divestitures | - | - | 4.18 | -0.33 | - | 0.38 |
Investment in Securities | -3,842 | -1,671 | 250.96 | -1,214 | 300.28 | -851.02 |
Other Investing Activities | 182.22 | 221.61 | -159.75 | 71.51 | 222.59 | 370.28 |
Investing Cash Flow | -4,271 | -2,125 | -586.69 | -1,823 | -150.94 | -1,258 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 4,959 | 767.45 | 2,547 | 1,541 | 1,417 |
Long-Term Debt Repaid | - | -371.34 | -2,393 | -1,516 | -1,769 | -854.07 |
Lease Payments | -263.52 | -270.15 | -190.62 | -145.52 | -1,496 | -303.21 |
Net Debt Issued (Repaid) | 1,682 | 4,588 | -1,625 | 1,031 | -228.08 | 562.75 |
Issuance of Common Stock | - | - | 2,498 | - | - | 2,797 |
Repurchase of Common Stock | - | - | -2,800 | - | - | -2,800 |
Common Dividends Paid | -2,056 | -2,024 | -2,009 | -2,047 | -2,013 | -2,236 |
Other Financing Activities | -306.54 | -388.3 | -323.95 | -446.1 | -177.62 | -396.92 |
Financing Cash Flow | -680.4 | 2,176 | -4,260 | -1,462 | -2,419 | -2,073 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -7.31 | 0.16 | -3.69 | 5.57 | 133.56 | -26.82 |
Net Cash Flow | -2,655 | -1,243 | 385.76 | -1,222 | -354.07 | -589.14 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 1,591 | -2,064 | 4,377 | 1,377 | 1,374 | 1,899 |
Free Cash Flow Growth | - | - | 217.78% | 0.24% | -27.64% | 50.92% |
Free Cash Flow Margin | 4.68% | -5.97% | 13.48% | 3.72% | 3.42% | 4.95% |
Free Cash Flow Per Share | 0.15 | -0.19 | 0.40 | 0.13 | 0.13 | 0.17 |
Levered Free Cash Flow | 1,575 | -2,325 | 3,155 | 2,371 | 1,929 | 1,103 |
Unlevered Free Cash Flow | 1,648 | -2,268 | 3,188 | 2,419 | 1,998 | 1,162 |
Free Cash Flow After Leases | 1,328 | -2,335 | 4,187 | 1,232 | -121.74 | 1,596 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 3.08 | 3.66 | 14.64 | 0.07 | - | 94.34 |
Cash Income Tax Paid | 2,302 | 2,238 | 2,170 | 1,902 | 1,681 | 2,281 |
Change in Working Capital | -2,939 | -6,740 | 285.46 | -3,002 | -3,376 | -1,554 |