HKG:9979 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	801.13	973.61	744.54	565.22
Depreciation & Amortization	83.56	84.24	77.28	24.98
Other Amortization	-	0.08	0.43	0.14
Loss (Gain) From Sale of Assets	-2.33	-1.39	0.35	-1.54
Asset Writedown & Restructuring Costs	69.79	1.33	1.32	1.69
Loss (Gain) From Sale of Investments	-3.99	27.62	-11.88	-6.3
Loss (Gain) on Equity Investments	-23.07	-43.08	-58.03	-51.94
Stock-Based Compensation	7.86	39.07	65.81	22.13
Other Operating Activities	39.21	-95.83	-35.82	-56.4
Change in Accounts Receivable	-914.96	-460.47	-245.43	-70.19
Change in Accounts Payable	76.79	96.29	146.87	124.3
Change in Unearned Revenue	35.28	74.75	48	-17.56
Change in Other Net Operating Assets	24.1	216.77	-31.31	20.04
Operating Cash Flow	291.67	955.08	724.66	565.66
Operating Cash Flow Growth	-69.46%	31.80%	28.11%	-37.38%
Capital Expenditures	-16.83	-24.36	-27.59	-20.71
Sale of Property, Plant & Equipment	4.32	0.72	1.34	2.41
Cash Acquisitions	-	-	-400	8.24
Sale (Purchase) of Intangibles	-3.8	-	-	-
Sale (Purchase) of Real Estate	-	-	11.23	1.58
Investment in Securities	26.29	-16.06	-21.47	-154.97
Other Investing Activities	163.06	-37.01	-308.74	-104.21
Investing Cash Flow	208.74	-61.41	-530.24	-496.67
Short-Term Debt Issued	-	-	-	25
Total Debt Issued	-	-	-	25
Long-Term Debt Repaid	-13.38	-10.04	-7.42	-10.9
Total Debt Repaid	-13.38	-10.04	-7.42	-10.9
Net Debt Issued (Repaid)	-13.38	-10.04	-7.42	14.1
Common Dividends Paid	-988.63	-748.76	-388.1	-332.53
Other Financing Activities	0.28	-7.21	-4.89	-3.76
Financing Cash Flow	-1,002	-766.01	-400.4	-322.19
Foreign Exchange Rate Adjustments	-24.78	-16.38	1.44	-6.48
Net Cash Flow	-526.09	111.28	-204.55	-259.69
Free Cash Flow	274.85	930.72	697.07	544.95
Free Cash Flow Growth	-70.47%	33.52%	27.91%	-38.76%
Free Cash Flow Margin	7.99%	28.18%	26.25%	24.29%
Free Cash Flow Per Share	0.14	0.47	0.35	0.28
Cash Interest Paid	4.46	4.27	4.69	3.76
Cash Income Tax Paid	189.66	249.4	183.95	119.43
Levered Free Cash Flow	261.91	602.57	473.56	17.93
Unlevered Free Cash Flow	265.17	605.92	477.45	21.44
Change in Working Capital	-778.8	-72.67	-81.86	56.59

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