SHA:600187 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	18.44	43.58	30.35	-115.75	-90.55	30.54
Depreciation & Amortization	55.41	55.41	75.76	88.64	85.68	75.22
Other Amortization	0.79	0.79	0.98	1.09	0.83	0.68
Loss (Gain) on Sale of Assets	0.19	0.19	1.05	-0.23	-0.01	0.14
Loss (Gain) on Sale of Investments	-102.34	-102.34	-68.66	41.67	11.19	-48.1
Asset Writedown	3.52	3.52	12.19	3.57	-48.83	-1.72
Change in Accounts Receivable	-199.62	-199.62	198.46	1,162	199.35	-262.41
Change in Inventory	-17.89	-17.89	2.54	-8.04	47.3	-21.38
Change in Accounts Payable	185.21	185.21	-190.68	-1,166	-9.49	-64.61
Change in Other Net Operating Assets	1.05	1.05	-16.94	79.14	-	-
Other Operating Activities	68.29	11.91	-3.16	-23.68	101.97	56.31
Operating Cash Flow	26.89	-4.35	52.58	67.5	261.06	-217.47
Operating Cash Flow Growth	-	-	-22.10%	-74.15%	-	-
Capital Expenditures	-16.12	-55.64	-23.8	-28.91	-85.37	-128.85
Sale of Property, Plant & Equipment	0.18	0	0.01	0	0.44	2.92
Divestitures	79.91	5	103.64	-72.27	37.08	-
Investment in Securities	-52.66	-114.09	-259.87	288.45	-382.61	101.31
Other Investing Activities	2.36	2.24	-12.87	-67.94	24.21	28.31
Investing Cash Flow	13.67	-162.5	-192.88	119.33	-406.24	3.69
Long-Term Debt Issued	-	-	-	-	35	49.94
Total Debt Issued	0.5	-	-	-	35	49.94
Long-Term Debt Repaid	-	-39.02	-35.63	-37.1	-39.41	-17
Total Debt Repaid	-34.73	-39.02	-35.63	-37.1	-39.41	-17
Net Debt Issued (Repaid)	-34.23	-39.02	-35.63	-37.1	-4.41	32.94
Issuance of Common Stock	8.45	5.55	-	-	-	-
Common Dividends Paid	-3.11	-5.6	-7.78	-9.78	-12.4	-10.96
Other Financing Activities	0.14	-	-	-	-	-4.48
Financing Cash Flow	-28.74	-39.07	-43.4	-46.88	-16.81	17.49
Foreign Exchange Rate Adjustments	0.19	0.34	-0.12	0.16	-0.04	-0.05
Net Cash Flow	12.01	-205.58	-183.82	140.11	-162.03	-196.33
Free Cash Flow	10.77	-59.99	28.78	38.59	175.69	-346.31
Free Cash Flow Growth	-	-	-25.40%	-78.04%	-	-
Free Cash Flow Margin	5.79%	-33.49%	12.74%	13.33%	45.69%	-91.35%
Free Cash Flow Per Share	0.01	-0.04	0.02	0.02	0.11	-0.21
Cash Income Tax Paid	13.09	13.87	10.65	12.46	40.67	71.3
Levered Free Cash Flow	-162.05	-329.5	-176	840.68	-99.08	-165.62
Unlevered Free Cash Flow	-159.06	-324.85	-170.05	847.88	-90.86	-159.29
Change in Working Capital	-24.17	-24.17	-5	66.22	197.49	-337.76

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