LON:0A2Z Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Cash Flow	10,320	10,275	7,337	7,481	5,239	4,885
Operating Cash Flow Growth	5.61%	40.04%	-1.93%	42.79%	7.25%	-21.21%
Capital Expenditures	-	-319	-165	-85	-159	-108
Purchases of Intangible Assets	-	-713	-999	-968	-2,599	-393
Purchases of Investments	-	-36,714	-13,688	-34,712	-22,249	-33,564
Proceeds from Sale of Investments	-	30,904	12,887	34,385	20,994	20,338
Payments for Business Acquisitions	-	-34	-9	-165	-2,078	-540
Proceeds from Business Divestments	-	-25	-	-	3	15
Other Investing Activities	-	83	111	99	89	46
Investing Cash Flow	-3,774	-6,818	-1,863	-1,446	-5,999	-14,206
Long-Term Debt Issued	-	-	-	-	-	5,400
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-	5,400
Issuance of Common Stock	-	156	57	3	104	163
Repurchase of Common Stock	-	-2,142	-1,349	-3,145	-3,584	-180
Net Common Stock Issued (Repurchased)	-	-1,986	-1,292	-3,142	-3,480	-17
Common Dividends Paid	-	-1,508	-	-	-	-
Other Financing Activities	-	-336	-246	-277	-230	-91
Financing Cash Flow	-5,449	-3,830	-1,538	-3,419	-3,710	5,292
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-51	-30	76	348	-67	-269
Net Cash Flow	1,046	-403	4,012	2,964	-4,537	-4,298
Free Cash Flow	10,320	9,956	7,172	7,396	5,080	4,777
Free Cash Flow Growth	3.66%	38.82%	-3.03%	45.59%	6.34%	-21.75%
FCF Margin	32.54%	35.06%	25.84%	26.10%	16.26%	16.39%
Free Cash Flow Per Share	-	6.10	4.18	4.40	3.05	2.83
Levered Free Cash Flow	10,810	6,325	4,755	3,592	2,870	9,447
Unlevered Free Cash Flow	2,229	6,788	5,067	3,815	3,205	4,138

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.