HKG:9981 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	847.55	700.48	614.62	552.71
Depreciation & Amortization	251.51	219.88	228.7	227.04
Other Amortization	36.03	27.09	22.29	20.34
Loss (Gain) From Sale of Assets	-0.63	0.98	-0.95	2.98
Asset Writedown & Restructuring Costs	48.8	32.31	4.94	7.16
Loss (Gain) From Sale of Investments	-17.35	-12.17	-9.35	-7.29
Provision & Write-off of Bad Debts	25.84	16.02	24.81	16.99
Other Operating Activities	165.75	140.34	147.56	157.71
Change in Accounts Receivable	-703.63	-388	-136.18	-569.85
Change in Inventory	-180.41	0.57	-109.53	-131.71
Change in Accounts Payable	415.23	77.89	81.87	334.89
Change in Other Net Operating Assets	2.09	1.66	1.03	2.09
Operating Cash Flow	897.54	828.07	869.89	610.59
Operating Cash Flow Growth	8.39%	-4.81%	42.47%	-20.46%
Capital Expenditures	-445.39	-250.42	-369.87	-318.15
Sale of Property, Plant & Equipment	1.45	0.3	25.96	25.97
Cash Acquisitions	-	-	-73.38	-
Investment in Securities	-111.73	-79.52	-	12.66
Other Investing Activities	10.6	3.92	5.65	4.5
Investing Cash Flow	-545.07	-325.71	-411.63	-275.03
Long-Term Debt Issued	1,244	1,262	1,453	1,137
Long-Term Debt Repaid	-1,325	-1,477	-1,729	-1,286
Net Debt Issued (Repaid)	-80.65	-215.18	-275.98	-149.52
Issuance of Common Stock	-	42.53	69.79	5.33
Repurchase of Common Stock	-	-100.05	-	-
Common Dividends Paid	-262.58	-113.91	-132.9	-132.64
Dividends Paid	-262.58	-113.91	-132.9	-132.64
Other Financing Activities	13.13	22.2	10.65	8.11
Financing Cash Flow	-330.1	-364.4	-328.44	-268.72
Foreign Exchange Rate Adjustments	-3.96	1.29	12.6	-1.49
Net Cash Flow	18.42	139.25	142.42	65.35
Free Cash Flow	452.16	577.65	500.02	292.44
Free Cash Flow Growth	-21.73%	15.53%	70.98%	-37.47%
Free Cash Flow Margin	6.53%	10.09%	9.36%	5.41%
Free Cash Flow Per Share	0.36	0.46	0.40	0.23
Cash Income Tax Paid	367.02	359.69	221.39	270.37
Levered Free Cash Flow	231.41	374.57	248.33	94.63
Unlevered Free Cash Flow	269.99	415.93	303.99	162.1
Change in Working Capital	-462.26	-296.87	-162.71	-367.04

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