HKG:6805 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	122.61	91.17	111.24	55.92
Depreciation & Amortization	265.46	263.99	219.07	203.55
Other Amortization	0.53	0.28	0.14	0.09
Gain (Loss) on Sale of Assets	-6.76	-0.44	0.46	0.06
Gain (Loss) on Sale of Investments	0.85	0.6	1.12	0.11
Income (Loss) on Equity Investments	-0.37	-0.03	0.05	-
Change in Accounts Receivable	-57.79	-155.47	-41.24	-70.12
Change in Accounts Payable	34.49	52.09	65.39	78.4
Change in Other Net Operating Assets	-	-	-	-3.14
Other Operating Activities	114.76	122.56	95.93	81.06
Operating Cash Flow	488.08	375.31	455.96	357.36
Operating Cash Flow Growth	30.05%	-17.69%	27.59%	37.16%
Acquisition of Real Estate Assets	-687.94	-638.58	-784.95	-661.68
Sale of Real Estate Assets	21.71	189.23	3.71	0.02
Net Sale / Acq. of Real Estate Assets	-666.23	-449.35	-781.24	-661.66
Investment in Marketable & Equity Securities	-0.4	-	-	-
Other Investing Activities	-93.29	1.71	-46.57	1.03
Investing Cash Flow	-763.35	-450.64	-828.07	-660.7
Short-Term Debt Issued	-	-	8.52	2.25
Long-Term Debt Issued	1,633	1,522	1,307	760.3
Total Debt Issued	1,633	1,522	1,316	762.55
Short-Term Debt Repaid	-	-	-10.77	-
Long-Term Debt Repaid	-1,310	-1,005	-734.93	-346.13
Total Debt Repaid	-1,310	-1,005	-745.7	-346.13
Net Debt Issued (Repaid)	322.4	517.47	570.21	416.42
Repurchase of Common Stock	-	-3.07	-7.89	-0.1
Common Dividends Paid	-100.51	-49.29	-	-
Other Financing Activities	-0.91	-303.16	-111.42	-73.65
Foreign Exchange Rate Adjustments	-3.04	-0.17	-0.65	0.06
Net Cash Flow	-57.35	86.45	78.14	39.39
Cash Interest Paid	141.3	152.39	124.6	102.04
Cash Income Tax Paid	50.75	40.8	47.42	32.4
Levered Free Cash Flow	199.6	247.15	378.47	228.23
Unlevered Free Cash Flow	286.45	332.75	441.88	285.33
Change in Working Capital	-18.55	-106.7	27.95	16.57

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