SHA:600131 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	682.47	828.25	800.79	677.09
Depreciation & Amortization	291.22	350.5	320.61	221.26
Other Amortization	86.92	14.03	14.42	13.6
Loss (Gain) From Sale of Assets	-1.69	-4.86	0.53	0.05
Asset Writedown & Restructuring Costs	16.42	2.89	-	-
Loss (Gain) From Sale of Investments	-143.24	-111.04	-119.77	-94.2
Provision & Write-off of Bad Debts	25.57	43.34	85.27	46.6
Other Operating Activities	24.12	14.33	22.59	22.97
Change in Accounts Receivable	1,017	-1,165	-593.34	-539.43
Change in Inventory	-187.58	39.6	52.58	-42.09
Change in Accounts Payable	-1,040	886.13	278.03	302.12
Change in Other Net Operating Assets	7.51	11.05	3.87	-
Operating Cash Flow	757.87	919.03	850.78	618.85
Operating Cash Flow Growth	-17.54%	8.02%	37.48%	23.65%
Capital Expenditures	-342.9	-418.59	-575.72	-497.49
Sale of Property, Plant & Equipment	0.52	0.01	0.01	0.02
Other Investing Activities	164.08	124.69	109.75	120.1
Investing Cash Flow	-178.3	-293.89	-465.96	-377.38
Short-Term Debt Issued	100	100	100	130
Total Debt Issued	100	100	100	130
Short-Term Debt Repaid	-100	-165	-335	-290
Long-Term Debt Repaid	-59.23	-115.04	-99.25	-
Total Debt Repaid	-159.23	-280.04	-434.25	-290
Net Debt Issued (Repaid)	-59.23	-180.04	-334.25	-160
Issuance of Common Stock	-	-	67.29	-
Repurchase of Common Stock	-6.6	-1.66	-	-
Common Dividends Paid	-252.41	-245.53	-236.97	-224.19
Dividends Paid	-252.41	-245.53	-236.97	-224.19
Other Financing Activities	-215.23	61.27	33.34	136.12
Financing Cash Flow	-533.47	-365.96	-470.59	-248.07
Net Cash Flow	46.09	259.18	-85.76	-6.6
Free Cash Flow	414.96	500.44	275.06	121.35
Free Cash Flow Growth	-17.08%	81.94%	126.66%	-27.94%
Free Cash Flow Margin	5.67%	6.52%	3.61%	1.63%
Free Cash Flow Per Share	0.35	0.42	0.23	0.10
Cash Income Tax Paid	201.52	189.35	204.14	175.36
Levered Free Cash Flow	248.29	268.22	19.89	-51.48
Unlevered Free Cash Flow	255.06	273	30.81	-35.18
Change in Working Capital	-223.92	-218.41	-273.67	-268.54

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