CMOC Group Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	20,339	13,532	8,250	6,067	5,106
Depreciation & Amortization	7,253	6,101	2,813	4,486	4,257
Other Amortization	43.88	53.85	65.49	44.26	38.39
Loss (Gain) From Sale of Assets	18.42	-66.48	-2.83	-29.13	18.1
Asset Writedown & Restructuring Costs	45.72	27.85	102.18	45.41	23.84
Loss (Gain) From Sale of Investments	-1,207	-1,007	-2,840	-261.36	-634.08
Provision & Write-off of Bad Debts	-0.03	-10.12	3.66	19.68	0.62
Other Operating Activities	13,966	8,269	4,063	6,123	6,739
Change in Accounts Receivable	-15,378	235.82	-2,638	2,863	-539.41
Change in Inventory	-11,210	1,367	411.76	-5,613	-6,206
Change in Accounts Payable	7,724	3,122	5,792	1,178	-2,136
Change in Unearned Revenue	-8.88	-10.4	-7.39	-7.39	-7.39
Change in Other Net Operating Assets	35.16	220.64	194.11	222.62	20.57
Operating Cash Flow	20,843	32,387	15,542	15,454	6,191
Operating Cash Flow Growth	-35.64%	108.38%	0.57%	149.63%	-27.10%
Capital Expenditures	-7,583	-4,901	-12,924	-10,518	-4,282
Sale of Property, Plant & Equipment	0.77	187.18	397.54	48.04	21.28
Cash Acquisitions	-	-4.99	-	-	-
Divestitures	85.02	156.98	1,011	73.76	55.51
Investment in Securities	-1,769	1,263	-1,633	1,730	2,050
Other Investing Activities	744.6	1,967	2,423	1,335	-3,625
Investing Cash Flow	-8,377	-1,160	-10,659	-7,372	-4,892
Long-Term Debt Issued	65,618	63,524	71,744	59,483	47,209
Long-Term Debt Repaid	-64,107	-83,143	-74,081	-61,536	-46,958
Net Debt Issued (Repaid)	1,511	-19,618	-2,336	-2,053	251.19
Issuance of Common Stock	-	-	-	997	1,005
Repurchase of Common Stock	-1,000	-	-	-500	-684.12
Common Dividends Paid	-7,828	-6,894	-6,271	-4,792	-2,436
Other Financing Activities	-1,180	-4,059	0.62	4,252	9,753
Financing Cash Flow	-8,497	-30,572	-8,606	-2,097	7,889
Foreign Exchange Rate Adjustments	-567.98	506.67	796.37	2,667	-243.75
Net Cash Flow	3,401	1,162	-2,927	8,653	8,944
Free Cash Flow	13,260	27,485	2,618	4,936	1,909
Free Cash Flow Growth	-51.76%	950.02%	-46.97%	158.57%	119.25%
Free Cash Flow Margin	6.42%	12.90%	1.41%	2.85%	1.10%
Free Cash Flow Per Share	0.62	1.28	0.12	0.23	0.09
Cash Income Tax Paid	16,681	13,548	9,561	9,418	4,231
Levered Free Cash Flow	19,876	22,688	-1,412	-4,929	4,678
Unlevered Free Cash Flow	21,520	25,215	1,174	-3,182	5,781
Change in Working Capital	-19,615	5,489	3,088	-1,042	-9,358

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