SHA:600101 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	209.32	179.34	159.18	123.28
Depreciation & Amortization	172.46	163.08	148.34	163.63
Loss (Gain) on Sale of Assets	-	-2.37	0.05	-
Loss (Gain) on Sale of Investments	-32.86	-25.91	-25.82	-29.63
Asset Writedown	2.4	0.29	4.48	5.66
Change in Accounts Receivable	-6.88	108.08	-27.96	-51.9
Change in Inventory	5.52	5.75	-0.98	9.06
Change in Accounts Payable	-35.46	-130.95	55.21	6.41
Other Operating Activities	0.25	27.27	3.44	-8.85
Operating Cash Flow	324.93	312.24	332.05	217.32
Operating Cash Flow Growth	4.07%	-5.97%	52.79%	31.50%
Capital Expenditures	-272.81	-307.5	-338.15	-216.83
Sale of Property, Plant & Equipment	0.2	2.93	0.26	0.31
Divestitures	6.7	-	-2.22	-
Investment in Securities	25.96	27.56	30.22	27.54
Other Investing Activities	-	-	-	11.93
Investing Cash Flow	-239.95	-277.01	-309.89	-177.05
Long-Term Debt Issued	35	30	-	50
Total Debt Issued	35	30	-	50
Long-Term Debt Repaid	-50.26	-30.5	-0.29	-
Total Debt Repaid	-50.26	-30.5	-0.29	-
Net Debt Issued (Repaid)	-15.26	-0.5	-0.29	50
Common Dividends Paid	-45.06	-36.77	-37.14	-23.22
Other Financing Activities	-	-	-2.6	-
Financing Cash Flow	-60.32	-37.27	-40.03	26.78
Net Cash Flow	24.67	-2.04	-17.87	67.05
Free Cash Flow	52.12	4.74	-6.1	0.49
Free Cash Flow Growth	998.98%	-	-	-99.28%
Free Cash Flow Margin	1.83%	0.18%	-0.26%	0.03%
Free Cash Flow Per Share	0.10	0.01	-0.01	0.00
Cash Income Tax Paid	159.24	152.48	146.67	134.53
Levered Free Cash Flow	61.09	-10.87	-90.43	-15.25
Unlevered Free Cash Flow	63.17	-8.78	-88.16	-13.97
Change in Working Capital	-42.57	-18.86	16.92	-36.79

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.