Group Cash Flows
| CITIC Limited Year ended 31 December | CITIC Bank Year ended 31 December | |||||||
|---|---|---|---|---|---|---|---|---|
| Increase/(Decrease) | Increase/(Decrease) | |||||||
| RMB million | 2023 | 2022 (Restated) | Amount | % | 2023 | 2022 (Restated) | Amount | % |
| Net cash (used in)/generated from operating activities | (22,798) | 166,193 | (188,991) | (114%) | (918) | 195,066 | (195,984) | (100%) |
| Net cash (used in)/generated from investing activities | (38,280) | 48,345 | (86,625) | (179%) | 1,887 | (115,873) | 117,760 | 102% |
Including: Proceeds from disposal and redemption of financial investments | 2,807,715 | 2,605,903 | 201,812 | 7.7% | 2,768,331 | 2,580,725 | 187,606 | 7.3% |
Payments for purchase of financial investments | (2,829,310) | (2,704,515) | (124,795) | (4.6%) | (2,753,726) | (2,690,472) | (63,254) | (2.4%) |
| Net cash used in financing activities | (11,058) | (93,804) | 82,746 | 88% | (63,102) | (32,539) | (30,563) | (94%) |
Including: Proceeds from bank and other loans and debt instruments issued | 1,630,176 | 1,080,173 | 550,003 | 51% | 1,096,139 | 850,086 | 246,053 | 29% |
Repayment of bank and other loans and debt instruments issued | (1,553,791) | (1,096,140) | (457,651) | (42%) | (1,106,000) | (836,677) | (269,323) | (32%) |
Interest paid on bank and other loans and debt instruments issued | (43,735) | (41,865) | (1,870) | (4.5%) | (24,724) | (26,513) | 1,789 | 6.7% |
Dividends paid to non-controlling interests | (21,624) | (18,930) | (2,694) | (14%) | – | – | – | – |
| Net (decrease)/increase in cash and cash equivalents | (72,136) | 120,734 | (192,870) | (160%) | (62,133) | 46,654 | (108,787) | (233%) |
| Cash and cash equivalents at the beginning of the Period | 427,809 | 295,821 | 131,988 | 45% | 307,871 | 252,818 | 55,053 | 22% |
| Effect of exchange rate changes | 3,710 | 11,254 | (7,544) | (67%) | 3,264 | 8,399 | (5,135) | (61%) |
| Cash and cash equivalents at the end of the Period | 359,383 | 427,809 | (68,426) | (16%) | 249,002 | 307,871 | (58,869) | (19%) |