SHA:600022 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
Net Income	-667	-2,258	-399.6	553.65	1,228	722.66
Depreciation & Amortization	2,429	2,429	2,447	2,464	2,670	2,643
Other Amortization	18.98	18.98	0.14	0.14	0.14	0.2
Loss (Gain) From Sale of Assets	-0.08	-0.08	-173.67	-0.9	-	-2.83
Asset Writedown & Restructuring Costs	8.07	8.07	0.96	-5.11	-102.14	67.91
Loss (Gain) From Sale of Investments	-8.88	-8.88	-30.71	-108.33	-132.21	-83.79
Provision & Write-off of Bad Debts	1.55	1.55	2.16	-1.84	-1.32	-15.05
Other Operating Activities	516.41	418.82	800.01	1,529	2,651	1,766
Change in Accounts Receivable	1,062	1,062	-422.69	896.01	2,003	2,602
Change in Inventory	-598.11	-598.11	138.3	1,128	-1,028	-156
Change in Accounts Payable	-772.87	-772.87	-3,470	-865.23	1,114	-1,606
Operating Cash Flow	1,891	202.49	-1,211	5,459	8,464	5,858
Operating Cash Flow Growth	252.57%	-	-	-35.50%	44.48%	29.76%
Capital Expenditures	-382.28	-340.63	-697.37	-1,939	-2,433	-2,155
Sale of Property, Plant & Equipment	0.79	-	520.46	355.51	177.15	47.4
Investment in Securities	-1,114	-1,073	-	10.86	-213.14	-222.24
Other Investing Activities	-88.16	-	104.58	99.21	104.67	-
Investing Cash Flow	-1,584	-1,414	-72.33	-1,473	-2,365	-2,330
Long-Term Debt Issued	-	9,562	8,339	13,884	11,867	8,354
Long-Term Debt Repaid	-	-8,696	-6,777	-13,920	-12,426	-8,895
Total Debt Repaid	-8,199	-8,696	-6,777	-13,920	-12,426	-8,895
Net Debt Issued (Repaid)	257.12	866.25	1,562	-35.45	-559.37	-540.91
Repurchase of Common Stock	-	-	-	-	-	-319.99
Common Dividends Paid	-340.68	-318.11	-744.97	-2,601	-820.56	-700.6
Other Financing Activities	-839.91	-828.67	-1,712	-1,490	-2,336	-1,287
Financing Cash Flow	-923.47	-280.54	-895.37	-4,126	-3,716	-2,848
Foreign Exchange Rate Adjustments	-2.02	0.74	1.76	-2.64	6.61	1.27
Net Cash Flow	-618.73	-1,491	-2,177	-143.3	2,390	681.27
Free Cash Flow	1,508	-138.14	-1,908	3,520	6,031	3,703
Free Cash Flow Growth	694.60%	-	-	-41.63%	62.85%	-
Free Cash Flow Margin	2.08%	-0.17%	-2.11%	3.44%	5.44%	4.24%
Free Cash Flow Per Share	0.14	-0.01	-0.18	0.33	0.56	0.34
Cash Income Tax Paid	1,053	553.72	868.59	1,211	1,841	1,132
Levered Free Cash Flow	1,451	975.63	1,083	1,147	5,178	3,588
Unlevered Free Cash Flow	1,689	1,227	1,384	1,482	5,565	4,075
Change in Working Capital	-407.19	-407.19	-3,858	1,028	2,151	760.14

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.