HKG:6963 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	5,695	5,449	3,738	4,494	5,883	5,619
Depreciation & Amortization	1,642	1,642	1,701	1,668	1,740	1,601
Gain (Loss) on Sale of Assets	1	1	8	1	-3	-1
Change in Accounts Receivable	-	-	-	-	-1,297	529
Reinsurance Recoverable	-437	-437	-859	-383	-706	-298
Change in Insurance Reserves / Liabilities	38,725	38,725	24,501	39,942	42,594	34,517
Change in Other Net Operating Assets	-7,394	-7,394	-7,178	-1,686	14,200	14,577
Other Operating Activities	581	-9,058	-2,548	-17,829	-16,131	-17,481
Operating Cash Flow	42,488	32,603	20,334	25,917	44,573	39,167
Operating Cash Flow Growth	70.96%	60.34%	-21.54%	-41.85%	13.80%	40.74%
Capital Expenditures	-656	-602	-2,051	-1,435	-1,698	-2,368
Sale of Property, Plant & Equipment	134	14	106	66	56	8
Investment in Securities	-37,905	-54,344	-46,293	-40,416	-15,140	-67,740
Other Investing Activities	18,414	17,314	11,827	13,370	12,096	14,131
Investing Cash Flow	-20,013	-37,618	-36,411	-28,415	-4,686	-55,969
Short-Term Debt Issued	-	2,750	14,919	5,287	2,750	19,411
Long-Term Debt Issued	-	-	7,000	-	10,000	-
Total Debt Issued	2,751	2,750	21,919	5,287	12,750	19,411
Total Debt Repaid	-10,565	-9,642	-795	-6,398	-36,710	-476
Net Debt Issued (Repaid)	-7,814	-6,892	21,124	-1,111	-23,960	18,935
Issuance of Common Stock	-	-	-	5,772	-	-
Common Dividends Paid	-1,919	-1,919	-2,025	-1,708	-1,513	-391
Other Financing Activities	4,274	-873	-973	-1,078	-890	-1,090
Financing Cash Flow	-5,459	-9,684	18,126	1,875	-26,363	17,454
Foreign Exchange Rate Adjustments	-11	9	-184	171	-64	-75
Net Cash Flow	17,005	-14,690	1,865	-452	13,460	577
Free Cash Flow	41,832	32,001	18,283	24,482	42,875	36,799
Free Cash Flow Growth	73.12%	75.03%	-25.32%	-42.90%	16.51%	40.56%
Free Cash Flow Margin	53.09%	40.68%	25.48%	36.76%	35.74%	31.98%
Free Cash Flow Per Share	3.64	2.78	1.59	2.35	4.14	3.56
Cash Interest Paid	787	907	710	980	839	1,087
Cash Income Tax Paid	-	-108	494	343	305	528
Levered Free Cash Flow	-23,506	1,025	-102,466	-27,670	3,548	2,929
Unlevered Free Cash Flow	-22,765	1,843	-101,772	-27,046	4,291	3,766
Change in Working Capital	30,894	30,894	16,464	37,873	54,791	49,325

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.