SHA:600239 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	-102.65	-49.46	-75.83	-837.83	-506.8	-2,586
Depreciation & Amortization	309.67	309.67	301.01	253.39	199.61	113.4
Other Amortization	24.26	24.26	36.19	215.2	103.72	86.19
Loss (Gain) From Sale of Assets	-6.07	-6.07	-6.85	-86.98	-0.65	-0.39
Asset Writedown & Restructuring Costs	17.99	17.99	20.61	29.77	723.65	0.49
Loss (Gain) From Sale of Investments	90.19	90.19	-124.85	-949.58	-2,222	-1,092
Provision & Write-off of Bad Debts	5.97	5.97	-2.33	10.34	-4.91	-0.29
Other Operating Activities	1,251	275.25	226.59	1,422	2,721	3,662
Change in Accounts Receivable	170.52	170.52	756.94	15,127	25,618	-2,020
Change in Inventory	258.61	258.61	256.03	526.52	3,880	6,250
Change in Accounts Payable	-1,255	-1,255	-185.82	-16.61	-3,091	-4,282
Operating Cash Flow	895.32	-27.4	1,254	15,823	27,377	557.91
Operating Cash Flow Growth	-	-	-92.08%	-42.20%	4807.15%	-
Capital Expenditures	-14.27	-16.66	-15.2	-18	-84.93	-70.91
Sale of Property, Plant & Equipment	28.72	29.43	0.2	0.06	0.89	0.47
Divestitures	-	-	29.37	2,779	2,380	395.97
Investment in Securities	-60	-60	-36.89	46.03	430.23	85.74
Other Investing Activities	-54	20	-50	48.36	716.03	2,971
Investing Cash Flow	-99.56	-27.24	-72.53	2,856	3,442	3,382
Long-Term Debt Issued	-	800.28	-	1,989	967.16	19,379
Total Debt Issued	225.28	800.28	-	1,989	967.16	19,379
Long-Term Debt Repaid	-	-667.05	-863.29	-20,087	-31,143	-21,105
Total Debt Repaid	-752.05	-667.05	-863.29	-20,087	-31,143	-21,105
Net Debt Issued (Repaid)	-526.77	133.23	-863.29	-18,097	-30,176	-1,726
Common Dividends Paid	-148.37	-144.83	-109.45	-539.61	-1,438	-2,836
Other Financing Activities	-161.99	-18.33	-7.85	19.32	41.29	-52.05
Financing Cash Flow	-837.13	-29.93	-980.59	-18,618	-31,572	-4,614
Net Cash Flow	-41.36	-84.57	200.46	61.02	-752.59	-674.05
Free Cash Flow	881.04	-44.06	1,238	15,805	27,292	486.99
Free Cash Flow Growth	-	-	-92.16%	-42.09%	5504.27%	-
Free Cash Flow Margin	46.66%	-2.28%	63.47%	615.37%	451.32%	11.09%
Free Cash Flow Per Share	0.54	-0.03	0.82	9.81	17.23	0.31
Cash Income Tax Paid	257.29	960.4	254.36	217.09	512.04	818.29
Levered Free Cash Flow	139.22	-255.96	911.43	-4,790	-12,322	30,698
Unlevered Free Cash Flow	290.92	-101.58	1,063	-3,879	-10,623	32,569
Change in Working Capital	-695.21	-695.21	879.03	15,767	26,364	375.46

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