SHA:600151 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	-277.81	-71.16	-425.97	-103.85	59.99	171.5
Depreciation & Amortization	367.16	367.16	454.89	438.58	438.59	380.55
Other Amortization	81.57	81.57	55.1	49.08	46.79	64.18
Loss (Gain) From Sale of Assets	-0.45	-0.45	-4.73	-0.57	-0.89	-6.29
Asset Writedown & Restructuring Costs	14.86	14.86	176.14	110.77	24.09	60.29
Loss (Gain) From Sale of Investments	-91.45	-91.45	-66.09	-25.03	-136	-458.74
Provision & Write-off of Bad Debts	-17.59	-17.59	11.83	21.65	-14.31	6.5
Other Operating Activities	927.29	62.38	-10.31	4.41	39.62	222.7
Change in Accounts Receivable	195.78	195.78	310.63	-264.15	-11.28	-87.4
Change in Inventory	172.53	172.53	-220.78	-93.08	-222.12	114.21
Change in Accounts Payable	-930.29	-930.29	17.23	642.5	238.07	-241.22
Operating Cash Flow	444.95	-213.32	469.5	763.97	472.42	177.79
Operating Cash Flow Growth	-7.06%	-	-38.54%	61.71%	165.71%	-68.22%
Capital Expenditures	-19.54	-106.72	-241.57	-223.08	-243.86	-377.32
Sale of Property, Plant & Equipment	4.74	6.28	5.04	1.91	13.37	3.45
Divestitures	-160.49	-123.45	-	328.66	143.51	387.65
Investment in Securities	10.26	72.4	134.68	10.23	102.07	86.54
Other Investing Activities	165.24	53.78	21.31	-	-	5.02
Investing Cash Flow	0.22	-97.71	-80.54	117.72	15.09	105.34
Long-Term Debt Issued	-	1,450	2,881	3,229	2,780	3,282
Long-Term Debt Repaid	-	-1,646	-3,085	-3,511	-3,076	-3,412
Net Debt Issued (Repaid)	-557.78	-196.29	-204.21	-281.75	-296.24	-130.37
Common Dividends Paid	-47.57	-58.05	-75.21	-66.54	-68.59	-90.18
Other Financing Activities	3.07	-1.8	124.74	-	-	29.45
Financing Cash Flow	-602.28	-256.14	-154.68	-348.29	-364.83	-191.1
Foreign Exchange Rate Adjustments	24.81	-9.65	10.77	32.24	-3.82	-2.21
Net Cash Flow	-132.31	-576.82	245.06	565.64	118.86	89.82
Free Cash Flow	425.41	-320.04	227.94	540.89	228.56	-199.52
Free Cash Flow Growth	17.90%	-	-57.86%	136.65%	-	-
Free Cash Flow Margin	11.05%	-5.98%	2.47%	6.14%	3.63%	-3.27%
Free Cash Flow Per Share	0.30	-0.22	0.16	0.38	0.16	-0.14
Cash Income Tax Paid	52.93	-131.65	-79.61	-326.44	-198.2	-201.07
Levered Free Cash Flow	521.28	-806.12	251.89	528.96	187.39	182.94
Unlevered Free Cash Flow	554.9	-763.77	308.06	577.74	236.4	239.99
Change in Working Capital	-560.14	-560.14	275.45	268.93	14.54	-262.89

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