HKG:6198 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	5,235	4,923	4,528	3,982
Depreciation & Amortization	1,388	1,433	1,304	1,147
Other Amortization	77.5	44.36	26.15	19.4
Loss (Gain) From Sale of Assets	-30.02	-15.34	-15.2	-33.06
Asset Writedown & Restructuring Costs	6.25	17.77	11.58	8.8
Loss (Gain) From Sale of Investments	-1,698	-1,571	-1,444	-1,456
Provision & Write-off of Bad Debts	17.3	-53.85	15.41	38.18
Other Operating Activities	628.64	839.99	626.64	595.65
Change in Accounts Receivable	-226.6	91.11	254.11	-3,079
Change in Inventory	10.92	2.54	-0.35	-51.28
Change in Accounts Payable	-311.88	406.13	1,006	1,829
Change in Other Net Operating Assets	36.05	-21.24	-20.12	-28.86
Operating Cash Flow	5,153	6,151	6,233	2,921
Operating Cash Flow Growth	-16.23%	-1.31%	113.41%	-18.98%
Capital Expenditures	-2,086	-2,714	-2,957	-2,514
Sale of Property, Plant & Equipment	128.4	55.6	32.27	78.66
Cash Acquisitions	-	5.41	-	-
Divestitures	-	192.86	3,343	9.97
Investment in Securities	623.16	-406.41	-3,640	3,432
Other Investing Activities	1,296	882.58	2,426	1,185
Investing Cash Flow	-38.54	-1,984	-795.42	2,192
Short-Term Debt Issued	-	-	239	72.11
Long-Term Debt Issued	1,084	1,270	1,731	3,831
Total Debt Issued	1,084	1,270	1,970	3,903
Short-Term Debt Repaid	-59.2	-510.1	-200.01	-22.1
Long-Term Debt Repaid	-844	-1,341	-2,735	-5,073
Total Debt Repaid	-903.2	-1,851	-2,935	-5,095
Net Debt Issued (Repaid)	180.66	-581.38	-964.79	-1,192
Issuance of Common Stock	13.62	-	-	-
Common Dividends Paid	-2,736	-1,882	-1,839	-1,979
Other Financing Activities	-491.24	-588.92	-1,888	206.42
Financing Cash Flow	-3,033	-3,052	-4,692	-2,964
Foreign Exchange Rate Adjustments	-5.59	-4.21	28.14	-16.97
Net Cash Flow	2,076	1,111	773.43	2,131
Free Cash Flow	3,067	3,437	3,276	406.47
Free Cash Flow Growth	-10.77%	4.91%	706.01%	-34.13%
Free Cash Flow Margin	16.19%	18.91%	17.01%	2.42%
Free Cash Flow Per Share	0.47	0.53	0.51	0.06
Cash Income Tax Paid	2,007	1,559	1,184	1,656
Levered Free Cash Flow	2,018	2,305	235.7	652.37
Unlevered Free Cash Flow	2,096	2,406	332.35	761.7
Change in Working Capital	-471.44	532.81	1,181	-1,382

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