HKG:6969 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	1,303	1,645	2,510	5,287
Depreciation & Amortization	263.92	254.72	222.04	87.74
Other Amortization	21.22	16.71	-	-
Loss (Gain) From Sale of Assets	59.16	75.33	20.25	0.13
Asset Writedown & Restructuring Costs	-	-	4.65	17.85
Loss (Gain) From Sale of Investments	-8.51	43.17	-22.78	-133.95
Stock-Based Compensation	205.98	296.46	379.33	273.81
Provision & Write-off of Bad Debts	20.28	9.88	-1.27	7.66
Other Operating Activities	-602.91	-457.3	-728.68	-298.19
Change in Accounts Receivable	-253.03	308.23	-2,282	-2,205
Change in Inventory	243.94	405.53	55.17	122.31
Change in Accounts Payable	101.05	125.93	237.85	128.21
Change in Unearned Revenue	157.69	-42.67	45.87	-1.79
Change in Other Net Operating Assets	241.3	511.8	29.08	302.39
Operating Cash Flow	1,753	3,193	469.86	3,588
Operating Cash Flow Growth	-45.09%	579.54%	-86.91%	17.46%
Capital Expenditures	-897.67	-1,189	-1,655	-1,959
Sale of Property, Plant & Equipment	85.17	0.52	4.94	57.84
Sale (Purchase) of Intangibles	-138.09	-42.3	-40.18	-19.41
Investment in Securities	-945.19	-6,311	-1,137	-3,584
Other Investing Activities	30.84	526.05	403.08	278.49
Investing Cash Flow	-1,865	-7,016	-2,424	-5,226
Long-Term Debt Repaid	-145.43	-173.95	-179.11	-141.44
Total Debt Repaid	-145.43	-173.95	-179.11	-141.44
Net Debt Issued (Repaid)	-145.43	-173.95	-179.11	-141.44
Issuance of Common Stock	28.6	22.45	32.97	3,749
Repurchase of Common Stock	-603.74	-134.13	-328.28	-82.16
Common Dividends Paid	-552.39	-718.89	-1,448	-2,370
Other Financing Activities	1,227	392.17	2,198	2,367
Financing Cash Flow	-45.71	-612.36	276.19	3,522
Foreign Exchange Rate Adjustments	-4.05	4.53	14.1	-16.17
Net Cash Flow	-161.38	-4,431	-1,664	1,869
Free Cash Flow	855.66	2,004	-1,185	1,630
Free Cash Flow Growth	-57.30%	-	-	-39.99%
Free Cash Flow Margin	7.25%	17.89%	-9.75%	11.85%
Free Cash Flow Per Share	0.14	0.33	-0.19	0.26
Cash Interest Paid	37.86	27.19	28.98	25.05
Cash Income Tax Paid	314.03	137.5	637.98	916.32
Levered Free Cash Flow	-390.52	554.73	200.28	2,286
Unlevered Free Cash Flow	-366.86	571.72	218.4	2,301
Change in Working Capital	490.95	1,309	-1,914	-1,654

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