SHA:600192 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	-264.26	-224.94	-109.95	-119.72	-128.07	-195.22
Depreciation & Amortization	57.51	57.51	57.01	56.26	59.6	57.52
Other Amortization	3.68	3.68	2.35	2.17	1.52	0.55
Loss (Gain) From Sale of Assets	-7.94	-7.94	-1.92	-9.16	-110.2	-0.25
Asset Writedown & Restructuring Costs	0.27	0.27	3.38	1.56	-12.83	3.35
Loss (Gain) From Sale of Investments	-1.43	-1.43	-3.75	11.68	15.44	11.03
Provision & Write-off of Bad Debts	14.64	14.64	18.62	125.6	41.84	40.69
Other Operating Activities	-4.2	76.14	73.11	41.07	59.46	92.66
Change in Accounts Receivable	306	306	-72.46	-164.26	42.24	-140.02
Change in Inventory	115.37	115.37	40.82	-144.13	74.79	-141.08
Change in Accounts Payable	-258.03	-258.03	-13.41	92.38	-35.18	51.48
Change in Other Net Operating Assets	-18.15	-18.15	22.98	-105.22	-8.65	-7.08
Operating Cash Flow	-56.58	63.08	15.52	-221.09	-10.97	-246.83
Operating Cash Flow Growth	-	306.56%	-	-	-	-
Capital Expenditures	-83.38	-74.8	-78.79	-61.47	-17.86	-23.63
Sale of Property, Plant & Equipment	16.71	8.37	2.92	186.44	0.25	0.3
Cash Acquisitions	-	-	-	-	-0.63	-
Divestitures	-	-	0.26	1.57	-	-
Investment in Securities	1.12	1.12	0.48	0.48	-78.96	-
Investing Cash Flow	-65.55	-65.31	-75.13	127.02	-97.2	-23.33
Short-Term Debt Issued	-	25.06	16.89	86.4	111.63	-
Long-Term Debt Issued	-	1,777	1,576	1,320	1,405	1,507
Total Debt Issued	1,653	1,802	1,593	1,406	1,517	1,507
Long-Term Debt Repaid	-	-1,597	-1,513	-1,262	-1,340	-1,332
Net Debt Issued (Repaid)	247.33	205.2	80.3	144.48	176.71	174.13
Common Dividends Paid	-54.72	-58.5	-54.19	-54.89	-58.91	-49.51
Other Financing Activities	-7.26	-32.39	-2.44	-	-5.9	-68.04
Financing Cash Flow	185.35	114.31	23.67	89.59	111.9	56.58
Foreign Exchange Rate Adjustments	-	-	-	0	-0.01	-0.01
Net Cash Flow	63.22	112.08	-35.95	-4.47	3.72	-213.59
Free Cash Flow	-139.97	-11.72	-63.28	-282.56	-28.83	-270.46
Free Cash Flow Margin	-9.13%	-0.70%	-2.98%	-13.08%	-1.40%	-13.10%
Free Cash Flow Per Share	-0.32	-0.03	-0.14	-0.64	-0.07	-0.61
Cash Income Tax Paid	67.83	59.28	69.2	55.17	56.58	51.95
Levered Free Cash Flow	-32.96	39.92	-152.25	102.33	-216.06	105.19
Unlevered Free Cash Flow	2.82	77.28	-118.37	135.37	-179	138.15
Change in Working Capital	145.16	145.16	-23.34	-330.54	62.27	-257.17

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