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Price: 13.93 CNY 5.93% Market Closed

Market Cap: ¥20B

Cash Flow Statement

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Currency: CNY

		Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025
Operating Cash Flow
Cash Taxes Paid		(108)	(114)	(104)	(94)	(98)	(99)	(99)	(110)	(90)	(82)	(82)	(62)	(55)	(44)	(33)	(42)	(50)	28	45	68	79	23	11	(11)	(27)	(59)	(51)	(48)	(27)	19	16	43	38	7	(1)	(6)	(11)	(13)	(18)	(32)	(41)	(46)	(43)	(42)	(39)	(34)	(35)	(35)	(37)	(18)	(48)	(59)	(83)	(144)	(137)	(178)	(167)	(138)	(130)	(45)	(52)	(73)	(59)	(121)	63	192	239	298	201	150	178	189	198	195	307	359	326	331	162	91	80	86	70	179	132	76	77	(53)
Change in Working Capital		(60)	(49)	(71)	(93)	(103)	(103)	(95)	(69)	(107)	(107)	(115)	(118)	(79)	(67)	(59)	(37)	(48)	(49)	(30)	(51)	(49)	(46)	(43)	(43)	(82)	3	(121)	(130)	(114)	(131)	(152)	(146)	(87)	(143)	(49)	(76)	(490)	(224)	(255)	(330)	(419)	(408)	(446)	(534)	(516)	(589)	(596)	(546)	(658)	(642)	(711)	(872)	(773)	(943)	(1 048)	(1 017)	(1 285)	(1 320)	(1 303)	(1 657)	(1 592)	(1 596)	(1 722)	(1 491)	(1 459)	(1 454)	(1 338)	(1 409)	(1 128)	(1 110)	(1 046)	(862)	(1 017)	(934)	(871)	(835)	(1 043)	(1 081)	(1 101)	(1 143)	(990)	(1 011)	(1 033)	(953)	(969)	(857)	(826)	(769)
Cash from Operating Activities		158 N/A	94 -41%	128 +37%	119 -8%	128 +8%	183 +44%	152 -17%	129 -15%	188 +46%	146 -22%	(13) N/A	(27) -105%	(138) -414%	(124) +10%	(56) +55%	(155) -178%	(97) +37%	12 N/A	22 +81%	85 +283%	131 +53%	62 -52%	113 +80%	162 +44%	114 -30%	142 +25%	(26) N/A	(348) -1 243%	(484) -39%	(792) -64%	(804) -1%	(576) +28%	(583) -1%	(564) +3%	(851) -51%	(1 065) -25%	(571) +46%	(531) +7%	84 N/A	414 +396%	115 -72%	(13) N/A	(425) -3 303%	(482) -13%	303 N/A	440 +45%	854 +94%	870 +2%	123 -86%	358 +190%	112 -69%	215 +92%	1 046 +386%	656 -37%	695 +6%	621 -11%	(150) N/A	(234) -56%	(283) -21%	(267) +6%	(177) +34%	121 N/A	19 -84%	139 +633%	559 +302%	548 -2%	525 -4%	521 -1%	178 -66%	232 +30%	532 +129%	497 -6%	472 -5%	727 +54%	794 +9%	777 -2%	764 -2%	185 -76%	30 -84%	137 +351%	470 +243%	482 +3%	546 +13%	479 -12%	(213) N/A	254 N/A	182 -28%	445 +145%
Investing Cash Flow
Capital Expenditures		(141)	(160)	(163)	(164)	(147)	(129)	(125)	(123)	(97)	(97)	(86)	(73)	(114)	(124)	(209)	(128)	(112)	(121)	(290)	(615)	(1 176)	(1 430)	(1 891)	(2 042)	(1 671)	(1 728)	(1 454)	(1 378)	(1 460)	(1 391)	(1 373)	(1 460)	(1 312)	(1 127)	(752)	(431)	(846)	(855)	(1 050)	(1 168)	(923)	(1 036)	(1 026)	(1 223)	(1 821)	(2 125)	(2 439)	(2 423)	(2 142)	(2 010)	(1 983)	(1 954)	(1 309)	(1 307)	(941)	(961)	(1 302)	(1 148)	(1 243)	(1 239)	(1 228)	(1 145)	(1 003)	(731)	(550)	(481)	(446)	(401)	(377)	(361)	(344)	(319)	(244)	(243)	(231)	(226)	(223)	(221)	(273)	(290)	(242)	(219)	(151)	(118)	(107)	(71)	(32)	(20)
Other Items		39	39	96	83	(9)	(2)	24	35	3	4	53	36	162	223	227	173	67	37	31	107	121	89	32	36	120	105	388	371	201	306	135	326	425	379	305	169	118	598	471	380	437	(6)	86	200	292	268	86	288	907	329	466	364	120	642	818	638	977	381	305	319	183	536	742	708	51	306	115	136	483	471	406	405	259	265	259	260	341	333	421	424	161	161	(79)	64	9	9	167	20
Cash from Investing Activities		(102) N/A	(122) -20%	(67) +45%	(81) -21%	(156) -93%	(130) +17%	(100) +23%	(88) +12%	(93) -6%	(93) +0%	(33) +65%	(37) -13%	48 N/A	99 +108%	19 -81%	45 +145%	(45) N/A	(84) -87%	(259) -208%	(508) -96%	(1 055) -108%	(1 340) -27%	(1 859) -39%	(2 006) -8%	(1 550) +23%	(1 623) -5%	(1 065) +34%	(1 007) +5%	(1 259) -25%	(1 085) +14%	(1 238) -14%	(1 135) +8%	(887) +22%	(748) +16%	(447) +40%	(262) +41%	(729) -178%	(257) +65%	(579) -125%	(788) -36%	(486) +38%	(1 042) -114%	(940) +10%	(1 024) -9%	(1 529) -49%	(1 857) -21%	(2 354) -27%	(2 134) +9%	(1 235) +42%	(1 681) -36%	(1 517) +10%	(1 590) -5%	(1 189) +25%	(666) +44%	(123) +82%	(322) -162%	(324) -1%	(767) -136%	(937) -22%	(920) +2%	(1 045) -14%	(609) +42%	(261) +57%	(23) +91%	(499) -2 118%	(175) +65%	(331) -89%	(265) +20%	105 N/A	110 +4%	61 -44%	86 +41%	15 -82%	22 +46%	27 +24%	34 +26%	118 +243%	111 -5%	148 +33%	134 -9%	(81) N/A	(59) +27%	(230) -292%	(53) +77%	(98) -83%	(62) +36%	135 N/A	0 -100%
Financing Cash Flow
Net Issuance of Debt		68	91	86	106	44	2	(72)	40	(15)	129	224	155	227	127	161	270	224	191	(79)	32	503	1 546	1 633	1 847	1 543	1 073	1 575	590	545	739	562	1 357	1 752	1 251	1 405	745	29	(338)	(475)	(61)	380	1 014	1 216	1 454	1 252	1 248	1 561	1 484	944	1 533	956	56	49	(1 178)	(1 194)	(216)	894	987	974	1 002	(439)	(115)	(137)	(383)	106	(110)	(100)	(112)	(130)	(155)	(335)	(414)	(221)	(184)	(318)	46	(189)	(216)	(8)	(315)	(110)	(173)	(297)	(288)	(112)	(82)	(447)	(473)
Cash Paid for Dividends		(118)	(106)	(118)	(150)	(147)	(149)	(175)	(144)	(148)	(171)	(123)	(173)	(249)	(226)	(230)	(192)	(128)	(131)	(161)	(83)	(107)	(118)	(96)	(151)	(142)	(159)	(199)	(195)	(211)	(229)	(225)	(238)	(266)	(294)	(310)	(326)	(338)	(290)	(227)	(161)	(129)	(120)	(115)	(156)	(182)	(187)	(199)	(195)	(198)	(202)	(257)	(268)	(316)	(313)	(251)	(262)	(185)	(187)	(187)	(138)	(153)	(144)	(138)	(136)	(87)	(88)	(92)	(91)	(90)	(85)	(78)	(72)	(69)	(67)	(68)	(67)	(67)	(68)	(73)	(75)	(75)	(76)	(69)	(62)	(58)	(56)	(51)	(48)
Other		(3)	4	3	(4)	4	0	14	12	43	0	31	31	35	35	40	39	24	22	568	570	569	570	0	51	(1)	0	(2)	1 229	1 564	1 540	1 649	384	82	0	0	1 897	1 916	0	1 934	37	(21)	(26)	(42)	(16)	20	14	50	183	252	273	594	2 456	2 393	0	2 035	10	(9)	(10)	(22)	(12)	14	0	(260)	(258)	(260)	(244)	45	37	30	13	(25)	(51)	(75)	(91)	(90)	(84)	(92)	(83)	(96)	(79)	30	22	26	16	(86)	(87)	(77)	(81)
Cash from Financing Activities		(54) N/A	(12) +78%	(30) -147%	(48) -62%	(99) -106%	(147) -49%	(233) -59%	(93) +60%	(120) -30%	1 N/A	133 +16 463%	13 -90%	13 +4%	(63) N/A	(28) +56%	118 N/A	120 +2%	81 -32%	327 +302%	518 +58%	965 +86%	1 997 +107%	1 556 -22%	1 747 +12%	1 400 -20%	915 -35%	1 374 +50%	1 624 +18%	1 897 +17%	2 050 +8%	1 987 -3%	1 503 -24%	1 567 +4%	1 063 -32%	1 096 +3%	2 316 +111%	1 607 -31%	1 288 -20%	1 232 -4%	(184) N/A	231 N/A	868 +276%	1 059 +22%	1 282 +21%	1 090 -15%	1 075 -1%	1 412 +31%	1 472 +4%	998 -32%	1 604 +61%	1 294 -19%	2 243 +73%	2 126 -5%	893 -58%	589 -34%	(468) N/A	701 N/A	790 +13%	765 -3%	852 +11%	(578) N/A	(243) +58%	(535) -120%	(778) -45%	(241) +69%	(442) -84%	(147) +67%	(166) -13%	(191) -15%	(226) -18%	(438) -94%	(538) -23%	(365) +32%	(342) +6%	(476) -39%	(104) +78%	(348) -233%	(367) -5%	(177) +52%	(469) -164%	(155) +67%	(227) -46%	(339) -50%	(334) +2%	(256) +23%	(225) +12%	(575) -156%	(602) -5%
Change in Cash
Effect of Foreign Exchange Rates		0	0	(0)	0	0	0	0	(0)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	1	(1)	(1)	(1)	(2)	(1)	(0)	(2)	(11)	(10)	(8)	(6)	0	(5)	(12)	(11)	(11)	(5)	(1)	(5)	(2)	(3)	(3)	(1)	(1)	(5)	(9)	(16)	(15)	(4)	5	14	15	10	13	10	4	5	(6)	(35)	(15)	0	(14)	5	(7)	(22)	(2)	6	16	(1)	(2)	(2)	(12)	(1)	(4)	(4)	12	28	32	31	31	2	11	10	(7)	12	(10)	15	47	25
Net Change in Cash		3 N/A	(40) N/A	32 N/A	(10) N/A	(127) -1 147%	(94) +26%	(182) -94%	(53) +71%	(27) +49%	53 N/A	86 +63%	(52) N/A	(78) -48%	(90) -16%	(66) +26%	7 N/A	(24) N/A	9 N/A	92 +917%	95 +4%	40 -59%	717 +1 716%	(193) N/A	(98) +49%	(37) +63%	(568) -1 452%	272 N/A	258 -5%	146 -44%	166 +14%	(55) N/A	(213) -289%	85 N/A	(259) N/A	(213) +18%	984 N/A	307 -69%	495 +62%	734 +48%	(562) N/A	(143) +74%	(188) -31%	(307) -63%	(229) +25%	(146) +36%	(358) -146%	(102) +71%	203 N/A	(109) N/A	295 N/A	(97) N/A	879 N/A	1 995 +127%	893 -55%	1 165 +30%	(164) N/A	220 N/A	(246) N/A	(471) -92%	(335) +29%	(1 813) -442%	(725) +60%	(784) -8%	(683) +13%	(182) +73%	(63) +65%	63 N/A	88 +40%	90 +2%	114 +27%	142 +25%	44 -69%	119 +168%	403 +239%	357 -11%	736 +106%	566 -23%	(40) N/A	32 N/A	(196) N/A	245 N/A	207 -15%	(30) N/A	104 N/A	(577) N/A	(17) +97%	(211) -1 111%	(132) +37%
Free Cash Flow
Free Cash Flow		18 N/A	(66) N/A	(35) +48%	(45) -30%	(20) +57%	55 N/A	27 -51%	5 -80%	91 +1 585%	49 -47%	(99) N/A	(100) -1%	(252) -151%	(249) +1%	(265) -6%	(283) -7%	(209) +26%	(109) +48%	(268) -147%	(529) -98%	(1 046) -98%	(1 368) -31%	(1 778) -30%	(1 881) -6%	(1 557) +17%	(1 586) -2%	(1 480) +7%	(1 726) -17%	(1 944) -13%	(2 183) -12%	(2 177) +0%	(2 037) +6%	(1 895) +7%	(1 691) +11%	(1 603) +5%	(1 495) +7%	(1 417) +5%	(1 387) +2%	(966) +30%	(754) +22%	(808) -7%	(1 049) -30%	(1 451) -38%	(1 705) -17%	(1 518) +11%	(1 685) -11%	(1 585) +6%	(1 553) +2%	(2 019) -30%	(1 651) +18%	(1 871) -13%	(1 739) +7%	(263) +85%	(651) -147%	(247) +62%	(339) -38%	(1 451) -328%	(1 381) +5%	(1 526) -10%	(1 506) +1%	(1 404) +7%	(1 023) +27%	(984) +4%	(591) +40%	10 N/A	67 +600%	79 +17%	119 +51%	(200) N/A	(129) +35%	187 N/A	178 -5%	229 +28%	484 +112%	562 +16%	551 -2%	541 -2%	(36) N/A	(243) -569%	(153) +37%	228 N/A	263 +15%	395 +50%	361 -9%	(320) N/A	183 N/A	150 -18%	425 +184%

Income Statement Balance Sheet Cash Flow Statement

Income Statement Balance Sheet Cash Flow Statement

See Also

Relative Valuation

Wall Street Estimates

Profitability Analysis

Solvency Analysis

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