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Price: 7.85 CNY -0.38% Market Closed

Market Cap: ¥109.7B

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		(3 856)	(4 239)	(4 404)	(4 438)	(4 733)	(4 970)	(5 061)	(5 274)	(5 427)	(5 677)	(5 891)	(6 081)	(6 201)	(6 320)	(6 427)	(6 524)	(6 553)	(6 380)	(6 191)	(6 178)	(5 423)	(5 260)	(5 826)	(5 751)	(6 151)	(6 018)	(5 161)	(4 668)	(5 108)	(4 984)	(5 256)	(5 522)	(4 957)	(5 432)	(6 114)	(7 062)	(8 373)	(9 647)	(11 315)	(13 147)	(14 100)	(14 792)	(16 256)	(16 402)	(16 441)	(17 517)	(16 935)	(16 853)	(17 046)	(16 822)	(17 540)	(17 587)	(16 385)	(14 272)	(11 129)	(9 572)	(9 386)	(9 867)	(10 002)	(9 917)	(9 059)	(8 874)	(9 622)	(10 473)	(10 091)	(10 413)	(10 608)	(9 959)	(11 356)	(11 661)	(10 870)	(10 433)	(7 583)	(6 182)	(376)	636	(2 569)	(2 611)	(7 280)	(7 945)	(7 642)	(8 712)	(9 890)	(10 813)	(11 118)	(10 833)	(11 689)	(12 283)
Change in Working Capital		(2 095)	(2 088)	(2 249)	(2 467)	(1 854)	(1 671)	(2 393)	(2 260)	(2 291)	(2 253)	(1 087)	(1 254)	(1 177)	(1 282)	(1 534)	(1 176)	(1 438)	(1 307)	(1 412)	(1 642)	(441)	(316)	144	246	(702)	(722)	(588)	(562)	(233)	(230)	(239)	(14)	720	755	630	383	(176)	(528)	(1 700)	(4 447)	(6 491)	(7 634)	(8 315)	(7 315)	(8 058)	(7 852)	(7 561)	(7 553)	(7 244)	(8 270)	(9 377)	(9 808)	(10 270)	(10 427)	(9 992)	(10 269)	(9 444)	(9 702)	(10 100)	(10 063)	(11 424)	(12 042)	(11 642)	(12 154)	(14 755)	(14 707)	(14 979)	(15 596)	(15 197)	(15 633)	(16 209)	(16 086)	(16 728)	(16 458)	(17 337)	(17 153)	(16 575)	(17 036)	(16 999)	(18 177)	(19 351)	(19 589)	(19 488)	(19 676)	(20 308)	(20 663)	(21 099)	(22 049)
Cash from Operating Activities		10 157 N/A	10 321 +2%	9 693 -6%	8 923 -8%	9 072 +2%	8 664 -4%	7 842 -9%	9 795 +25%	10 530 +8%	12 239 +16%	14 230 +16%	13 954 -2%	13 859 -1%	13 427 -3%	12 940 -4%	12 482 -4%	12 221 -2%	10 969 -10%	9 715 -11%	6 048 -38%	6 493 +7%	9 095 +40%	10 451 +15%	14 637 +40%	15 989 +9%	15 837 -1%	17 919 +13%	19 695 +10%	18 067 -8%	19 428 +8%	18 326 -6%	17 968 -2%	20 949 +17%	23 349 +11%	24 406 +5%	27 310 +12%	26 928 -1%	29 407 +9%	34 753 +18%	37 403 +8%	40 239 +8%	38 277 -5%	37 715 -1%	35 895 -5%	37 367 +4%	40 234 +8%	43 359 +8%	45 455 +5%	42 363 -7%	45 387 +7%	40 491 -11%	38 608 -5%	37 814 -2%	31 042 -18%	29 940 -4%	27 638 -8%	30 076 +9%	31 973 +6%	31 064 -3%	30 820 -1%	28 892 -6%	30 121 +4%	30 325 +1%	34 965 +15%	37 321 +7%	34 694 -7%	36 478 +5%	36 122 -1%	42 050 +16%	45 232 +8%	45 439 +0%	37 810 -17%	6 251 -83%	3 325 -47%	7 070 +113%	8 834 +25%	32 520 +268%	30 254 -7%	26 192 -13%	40 597 +55%	45 497 +12%	51 501 +13%	55 340 +7%	54 830 -1%	50 530 -8%	55 784 +10%	57 676 +3%	60 310 +5%
Investing Cash Flow
Capital Expenditures		(3 760)	(5 366)	(6 833)	(8 447)	(10 036)	(10 341)	(11 780)	(12 849)	(13 984)	(15 360)	(15 814)	(16 573)	(17 586)	(17 010)	(16 810)	(16 313)	(15 442)	(16 957)	(20 281)	(23 504)	(28 865)	(29 161)	(27 622)	(26 499)	(22 930)	(21 721)	(21 900)	(19 883)	(20 732)	(20 763)	(17 729)	(17 878)	(16 789)	(17 426)	(17 710)	(16 603)	(15 608)	(14 731)	(14 017)	(15 864)	(17 730)	(18 483)	(21 262)	(23 183)	(25 044)	(26 755)	(27 189)	(26 905)	(24 334)	(24 370)	(22 435)	(21 747)	(26 287)	(25 289)	(27 314)	(27 042)	(26 163)	(24 871)	(22 581)	(21 868)	(20 707)	(21 277)	(25 262)	(26 615)	(32 028)	(33 885)	(36 763)	(40 640)	(42 667)	(46 212)	(44 240)	(44 017)	(43 702)	(42 077)	(40 574)	(39 215)	(40 726)	(42 108)	(47 755)	(54 267)	(59 380)	(59 197)	(60 327)	(58 429)	(63 653)	(63 546)	(63 364)	(64 808)
Other Items		(1 445)	(1 694)	766	(4 279)	(3 568)	(5 079)	(4 979)	(473)	(1 389)	178	(96)	16	340	(169)	(159)	(232)	(1 919)	(1 530)	(21 333)	(21 396)	(19 940)	(19 936)	116	(2 650)	(2 681)	(4 898)	(5 048)	(2 151)	(6 249)	(5 631)	(5 936)	(8 154)	(4 876)	(3 491)	(2 709)	(1 099)	298	566	(1 515)	(917)	(1 324)	(541)	1 166	1 128	1 266	(5 941)	(9 496)	(9 795)	(9 464)	(2 551)	916	1 307	2 847	(2 786)	(9 798)	(8 030)	(8 013)	(3 272)	4 860	2 135	179	652	550	2 512	2 490	2 381	1 662	235	600	958	827	771	827	(572)	(100)	1 279	755	1 874	1 645	2 658	4 154	3 934	3 775	1 693	57	224	448	918
Cash from Investing Activities		(5 206) N/A	(7 060) -36%	(6 068) +14%	(12 726) -110%	(13 604) -7%	(15 421) -13%	(16 759) -9%	(13 324) +20%	(15 374) -15%	(15 183) +1%	(15 911) -5%	(16 557) -4%	(17 246) -4%	(17 179) +0%	(16 969) +1%	(16 545) +2%	(17 361) -5%	(18 487) -6%	(41 613) -125%	(44 900) -8%	(48 805) -9%	(49 097) -1%	(27 506) +44%	(29 149) -6%	(25 611) +12%	(26 619) -4%	(26 948) -1%	(22 033) +18%	(26 981) -22%	(26 394) +2%	(23 666) +10%	(26 033) -10%	(21 665) +17%	(20 917) +3%	(20 419) +2%	(17 702) +13%	(15 310) +14%	(14 165) +7%	(15 532) -10%	(16 781) -8%	(19 054) -14%	(19 025) +0%	(20 095) -6%	(22 055) -10%	(23 778) -8%	(32 695) -38%	(36 686) -12%	(36 700) 0%	(33 798) +8%	(26 921) +20%	(21 519) +20%	(20 440) +5%	(23 440) -15%	(28 075) -20%	(37 112) -32%	(35 072) +5%	(34 177) +3%	(28 144) +18%	(17 722) +37%	(19 735) -11%	(20 528) -4%	(20 625) 0%	(24 712) -20%	(24 102) +2%	(29 538) -23%	(31 504) -7%	(35 101) -11%	(40 405) -15%	(42 067) -4%	(45 254) -8%	(43 414) +4%	(43 246) +0%	(42 875) +1%	(42 649) +1%	(40 674) +5%	(37 936) +7%	(39 971) -5%	(40 234) -1%	(46 110) -15%	(51 609) -12%	(55 226) -7%	(55 262) 0%	(56 553) -2%	(56 736) 0%	(63 597) -12%	(63 322) +0%	(62 916) +1%	(63 890) -2%
Financing Cash Flow
Net Issuance of Debt		(1 062)	(145)	5 358	5 428	6 150	8 814	4 638	5 100	5 000	2 428	1 139	2 516	8 961	8 946	15 594	10 477	15 474	13 971	39 864	56 834	48 553	53 139	24 047	16 772	15 353	15 030	15 021	13 078	11 072	9 709	12 909	12 967	10 845	9 044	6 359	(1 641)	(681)	(6 076)	(8 577)	(11 764)	(10 918)	(9 076)	(4 876)	(683)	636	3 069	(7 559)	4 103	(2 179)	(8 237)	(3 737)	(8 372)	4 094	19 060	31 207	26 186	14 965	10 400	345	(4 222)	3 802	(4 108)	(2 164)	(547)	(11 520)	(7 734)	(17 709)	(17 528)	(5 895)	(3 985)	5 511	22 314	55 616	59 471	52 802	41 227	7 787	(6 533)	4 532	1 009	(14 269)	(414)	(1 914)	(15 100)	10 452	1 269	214	15 218
Cash Paid for Dividends		(2 841)	(2 863)	(3 800)	(3 974)	(4 149)	(4 487)	(4 848)	(5 153)	(5 305)	(5 367)	(5 590)	(5 867)	(6 051)	(6 034)	(6 534)	(6 611)	(6 626)	(6 820)	(6 989)	(7 824)	(9 103)	(9 836)	(7 069)	(7 518)	(7 245)	(7 134)	(7 101)	(8 789)	(8 774)	(9 066)	(12 366)	(10 493)	(11 072)	(11 656)	(9 063)	(10 150)	(10 105)	(9 757)	(9 760)	(11 340)	(11 242)	(12 194)	(12 027)	(15 172)	(14 891)	(14 789)	(14 991)	(14 587)	(14 213)	(14 213)	(14 459)	(15 407)	(16 621)	(16 656)	(19 540)	(15 189)	(14 522)	(14 634)	(12 968)	(12 615)	(12 553)	(12 950)	(12 823)	(12 403)	(13 243)	(12 793)	(12 269)	(14 180)	(13 733)	(13 668)	(13 479)	(14 491)	(15 100)	(15 882)	(16 027)	(11 499)	(13 014)	(12 735)	(12 860)	(14 344)	(11 658)	(11 991)	(11 668)	(13 818)	(14 316)	(13 966)	(13 723)	(14 517)
Other		78	0	325	571	694	709	5 332	5 421	5 508	5 579	5 819	5 678	1 020	944	(4 095)	977	379	380	285	(4 329)	1 441	1 730	1 919	1 077	656	592	249	525	10 766	10 520	10 698	10 629	296	393	495	625	970	1 203	1 381	832	(80)	373	(4 457)	1 575	3 594	3 146	13 236	886	2 251	2 453	(3 510)	2 070	(2 496)	(2 778)	(2 972)	3 243	2 850	3 038	3 428	2 866	6 382	6 262	6 173	3 969	13 981	16 665	30 505	34 167	21 147	17 630	5 087	(968)	(749)	(240)	(723)	1 958	13 199	30 391	29 213	26 156	35 344	18 467	18 465	39 111	19 348	22 399	20 321	(1 533)
Cash from Financing Activities		(3 826) N/A	(2 931) +23%	1 883 N/A	2 024 +7%	2 694 +33%	5 035 +87%	5 120 +2%	5 367 +5%	5 202 -3%	2 638 -49%	1 368 -48%	2 326 +70%	3 930 +69%	3 857 -2%	4 965 +29%	4 843 -2%	9 227 +91%	7 531 -18%	33 161 +340%	44 680 +35%	40 891 -8%	45 034 +10%	18 896 -58%	10 332 -45%	8 764 -15%	8 487 -3%	8 169 -4%	4 814 -41%	13 063 +171%	11 161 -15%	11 241 +1%	13 102 +17%	70 -99%	(2 217) N/A	(2 209) +0%	(11 165) -405%	(9 817) +12%	(14 631) -49%	(16 957) -16%	(22 273) -31%	(22 240) +0%	(20 898) +6%	(21 360) -2%	(14 281) +33%	(10 661) +25%	(8 573) +20%	(9 315) -9%	(9 596) -3%	(14 141) -47%	(19 997) -41%	(21 705) -9%	(21 710) 0%	(15 023) +31%	(374) +98%	8 695 N/A	14 239 +64%	3 293 -77%	(1 197) N/A	(9 195) -668%	(13 970) -52%	(2 368) +83%	(10 793) -356%	(8 814) +18%	(8 980) -2%	(10 782) -20%	(3 863) +64%	528 N/A	2 459 +366%	1 519 -38%	(23) N/A	(2 881) -12 426%	6 855 N/A	39 767 +480%	43 348 +9%	36 053 -17%	31 686 -12%	7 973 -75%	11 123 +40%	20 886 +88%	12 820 -39%	9 417 -27%	6 062 -36%	4 884 -19%	10 194 +109%	15 483 +52%	9 702 -37%	6 812 -30%	(833) N/A
Change in Cash
Effect of Foreign Exchange Rates		1	1	1	12	5	5	2	(30)	(6)	(7)	(2)	17	(4)	(5)	(1)	(2)	(4)	(8)	(101)	(150)	(230)	(283)	(126)	(55)	56	123	32	144	50	56	132	(238)	(228)	(126)	(222)	104	151	(3)	(39)	(104)	(109)	(31)	59	(2)	(58)	(122)	(115)	(103)	33	97	129	89	72	61	3	66	10	(59)	(23)	20	26	(98)	(10)	5	64	145	(105)	(320)	(739)	(502)	(451)	(854)	(846)	(1 293)	(848)	(292)	441	551	91	44	(54)	149	370	300	34	(83)	49	1
Net Change in Cash		1 126 N/A	331 -71%	5 509 +1 564%	(1 767) N/A	(1 833) -4%	(1 717) +6%	(3 795) -121%	1 808 N/A	352 -81%	(313) N/A	(315) -1%	(260) +17%	539 N/A	100 -81%	935 +835%	778 -17%	4 083 +425%	5 -100%	1 162 +23 140%	5 678 +389%	(1 651) N/A	4 749 N/A	1 715 -64%	(4 235) N/A	(802) +81%	(2 172) -171%	(828) +62%	2 620 N/A	4 199 +60%	4 251 +1%	6 033 +42%	4 799 -20%	(874) N/A	89 N/A	1 556 +1 648%	(1 453) N/A	1 952 N/A	608 -69%	2 225 +266%	(1 755) N/A	(1 164) +34%	(1 677) -44%	(3 681) -119%	(443) +88%	2 870 N/A	(1 156) N/A	(2 757) -138%	(944) +66%	(5 543) -487%	(1 434) +74%	(2 604) -82%	(3 453) -33%	(577) +83%	2 654 N/A	1 526 -43%	6 871 +350%	(798) N/A	2 573 N/A	4 124 +60%	(2 865) N/A	6 022 N/A	(1 395) N/A	(3 211) -130%	1 888 N/A	(2 935) N/A	(528) +82%	1 800 N/A	(2 144) N/A	763 N/A	(547) N/A	(1 306) -139%	566 N/A	2 297 +306%	2 731 +19%	1 601 -41%	2 292 +43%	962 -58%	1 693 +76%	1 058 -38%	1 852 +75%	(366) N/A	2 450 N/A	4 042 +65%	8 587 +112%	2 450 -71%	2 081 -15%	1 620 -22%	(4 411) N/A
Free Cash Flow
Free Cash Flow		6 397 N/A	4 955 -23%	2 860 -42%	476 -83%	(964) N/A	(1 677) -74%	(3 938) -135%	(3 054) +22%	(3 454) -13%	(3 121) +10%	(1 584) +49%	(2 619) -65%	(3 727) -42%	(3 583) +4%	(3 870) -8%	(3 831) +1%	(3 221) +16%	(5 988) -86%	(10 566) -76%	(17 456) -65%	(22 372) -28%	(20 066) +10%	(17 171) +14%	(11 862) +31%	(6 941) +41%	(5 884) +15%	(3 981) +32%	(188) +95%	(2 665) -1 318%	(1 335) +50%	597 N/A	90 -85%	4 160 +4 522%	5 923 +42%	6 696 +13%	10 707 +60%	11 320 +6%	14 676 +30%	20 736 +41%	21 539 +4%	22 509 +5%	19 794 -12%	16 453 -17%	12 712 -23%	12 323 -3%	13 479 +9%	16 170 +20%	18 550 +15%	18 029 -3%	21 017 +17%	18 056 -14%	16 861 -7%	11 527 -32%	5 753 -50%	2 626 -54%	596 -77%	3 913 +557%	7 102 +81%	8 483 +19%	8 952 +6%	8 185 -9%	8 844 +8%	5 063 -43%	8 350 +65%	5 293 -37%	809 -85%	(285) N/A	(4 518) -1 485%	(617) +86%	(980) -59%	1 199 N/A	(6 207) N/A	(37 451) -503%	(38 752) -3%	(33 504) +14%	(30 381) +9%	(8 207) +73%	(11 854) -44%	(21 564) -82%	(13 670) +37%	(13 883) -2%	(7 695) +45%	(4 987) +35%	(3 599) +28%	(13 123) -265%	(7 762) +41%	(5 688) +27%	(4 498) +21%

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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