SHA:600037 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-69.52	-172.42	331.89	208.86
Depreciation & Amortization	568.7	680.13	735.8	714.02
Other Amortization	82.9	3.91	3.97	2.02
Loss (Gain) From Sale of Assets	6.4	-0.93	8.83	4.05
Asset Writedown & Restructuring Costs	30.19	18.63	70.42	0.07
Loss (Gain) From Sale of Investments	-8.69	146.15	-397.6	-67.34
Provision & Write-off of Bad Debts	44.39	49.8	34.29	1.71
Other Operating Activities	27.47	27.82	-43.5	-125.48
Change in Accounts Receivable	-73.4	-126.39	-72.45	-15.23
Change in Inventory	88.28	116.41	-4.39	35.47
Change in Accounts Payable	371.11	10.26	-109.2	87.94
Operating Cash Flow	1,074	747.28	554.53	839.83
Operating Cash Flow Growth	43.78%	34.76%	-33.97%	3.12%
Capital Expenditures	-557.02	-680.52	-437.2	-578.71
Sale of Property, Plant & Equipment	12.73	7.55	0.43	5.59
Investment in Securities	78.56	15.52	71.68	-179.61
Other Investing Activities	189.83	189.39	175.21	178.17
Investing Cash Flow	-275.91	-468.06	-189.88	-574.56
Long-Term Debt Repaid	-128.87	-103.38	-31.91	-38.83
Net Debt Issued (Repaid)	-128.87	-103.38	-31.91	-38.83
Common Dividends Paid	-37.58	-101.6	-64.03	-55.69
Other Financing Activities	3.9	-0.06	-0.19	-0.23
Financing Cash Flow	-162.54	-205.04	-96.14	-94.75
Net Cash Flow	635.99	74.18	268.51	170.52
Free Cash Flow	517.42	66.76	117.33	261.12
Free Cash Flow Growth	675.06%	-43.10%	-55.07%	-
Free Cash Flow Margin	22.36%	2.74%	4.81%	10.23%
Free Cash Flow Per Share	0.37	0.05	0.08	0.19
Cash Income Tax Paid	38.09	44.01	4.63	30.84
Levered Free Cash Flow	383.17	79.13	55.88	278.11
Unlevered Free Cash Flow	393.65	92.1	68.13	289.85
Change in Working Capital	392.61	-5.82	-189.57	101.91

Source: S&P Global Market Intelligence. Standard template. Financial Sources.