HKG:9993 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	-9,111	-581.25	1,705	3,275
Depreciation & Amortization	76.68	60.83	75.33	80.54
Other Amortization	4.98	4.47	3.65	3.84
Loss (Gain) From Sale of Assets	-9.64	-2.55	-0.03	-51.51
Asset Writedown & Restructuring Costs	619.52	-359.76	-844.57	-656.99
Loss (Gain) From Sale of Investments	71.38	28.21	5.2	11.78
Loss (Gain) on Equity Investments	552.4	99.22	241.61	-739.45
Other Operating Activities	8,968	2,156	1,643	869.38
Change in Accounts Receivable	2.07	9.85	3.19	-29.83
Change in Inventory	16,534	23,638	18,191	-3,121
Change in Accounts Payable	-716.27	-2,051	-450.88	944.41
Change in Unearned Revenue	-16,874	-22,244	-13,293	4,552
Change in Other Net Operating Assets	2,885	7,345	1,068	-2,371
Operating Cash Flow	3,003	8,103	8,347	2,767
Operating Cash Flow Growth	-62.94%	-2.92%	201.69%	4.41%
Capital Expenditures	-103.81	-169.04	-33.9	-207.61
Sale of Property, Plant & Equipment	20.91	3.11	0.41	1.16
Divestitures	-87.06	-	-	-15.33
Sale (Purchase) of Intangibles	-3.06	-1.97	-9.07	-5
Sale (Purchase) of Real Estate	-142.62	-375.74	-46.61	-79.53
Investment in Securities	21.12	0.19	60.63	-989.65
Other Investing Activities	260.47	2,486	1,992	-1,995
Investing Cash Flow	-34.04	1,943	1,963	-3,291
Short-Term Debt Issued	463.7	203.33	1,438	3,465
Long-Term Debt Issued	597.16	8,161	6,681	33,961
Total Debt Issued	1,061	8,364	8,119	37,426
Short-Term Debt Repaid	-296.79	-752.62	-1,009	-3,102
Long-Term Debt Repaid	-5,338	-15,777	-21,659	-34,703
Total Debt Repaid	-5,635	-16,530	-22,668	-37,805
Net Debt Issued (Repaid)	-4,574	-8,165	-14,549	-379.26
Common Dividends Paid	-	-	-479.75	-1,092
Other Financing Activities	-1,374	-1,483	-2,110	-7,470
Financing Cash Flow	-5,948	-9,649	-17,139	-8,942
Foreign Exchange Rate Adjustments	0.07	0.43	17.72	-43.88
Net Cash Flow	-2,978	397.85	-6,812	-9,510
Free Cash Flow	2,899	7,934	8,313	2,559
Free Cash Flow Growth	-63.46%	-4.55%	224.84%	-2.39%
Free Cash Flow Margin	11.71%	23.17%	23.54%	6.39%
Free Cash Flow Per Share	0.72	1.96	2.06	0.63
Cash Interest Paid	1,374	2,474	3,082	3,699
Cash Income Tax Paid	718.31	457.84	1,232	3,265
Levered Free Cash Flow	8,296	1,987	21,331	-2,688
Unlevered Free Cash Flow	8,524	2,172	21,479	-2,469
Change in Working Capital	1,831	6,698	5,517	-25.66

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