HKG:9992 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	3,125	1,082	475.66	854.34
Depreciation & Amortization	852.11	661.37	599.74	433.5
Other Amortization	10.71	7.2	5.08	1.5
Loss (Gain) From Sale of Assets	0.66	2.54	0.2	0
Asset Writedown & Restructuring Costs	-	-	1.01	-
Loss (Gain) From Sale of Investments	26.83	-5.37	-44.98	-13.83
Loss (Gain) on Equity Investments	-48.19	-33.23	-27.05	-14.02
Stock-Based Compensation	94.82	101.75	97.74	147.07
Other Operating Activities	646.24	35.43	-103.46	50.44
Change in Accounts Receivable	-157.98	-122.73	-27.13	-93.93
Change in Inventory	-634.25	-29.55	-81.85	-564.78
Change in Accounts Payable	715.14	167.44	45.62	157.81
Change in Unearned Revenue	76.43	23.35	-30.83	35.68
Change in Other Net Operating Assets	246.23	100.05	-18.73	-214.7
Operating Cash Flow	4,954	1,991	891.02	779.1
Operating Cash Flow Growth	148.88%	123.41%	14.37%	10.77%
Capital Expenditures	-372.67	-324.18	-266.13	-287.5
Sale of Property, Plant & Equipment	5.42	0.87	2.36	0.61
Cash Acquisitions	-	6.49	-	-
Sale (Purchase) of Intangibles	-144.02	-68.29	-81.49	-46.25
Investment in Securities	502.22	610.19	-4,362	-321.77
Other Investing Activities	18	8.86	8.54	6.91
Investing Cash Flow	8.96	233.94	-4,698	-648
Long-Term Debt Repaid	-520.16	-385	-323.04	-220.13
Net Debt Issued (Repaid)	-520.16	-385	-323.04	-220.13
Repurchase of Common Stock	-78.03	-333.71	-634.31	-
Common Dividends Paid	-378.02	-121.61	-220.09	-208.83
Dividends Paid	-378.02	-121.61	-220.09	-208.83
Other Financing Activities	17.71	-1.24	-	-6.87
Financing Cash Flow	-958.5	-841.56	-1,177	-435.83
Foreign Exchange Rate Adjustments	26.42	9.63	405.43	-110.79
Net Cash Flow	4,031	1,393	-4,579	-415.53
Free Cash Flow	4,582	1,666	624.89	491.6
Free Cash Flow Growth	174.93%	166.67%	27.12%	-6.78%
Free Cash Flow Margin	35.14%	26.45%	13.53%	10.95%
Free Cash Flow Per Share	3.44	1.24	0.46	0.36
Cash Income Tax Paid	688.48	262.07	244.13	291.59
Levered Free Cash Flow	3,783	1,502	577.48	365.36
Unlevered Free Cash Flow	3,810	1,521	601.59	378.64
Change in Working Capital	245.57	138.56	-112.91	-679.91

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