SHA:600281 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	-186.17	-199.67	-36.73	-44.73
Depreciation & Amortization	37.63	29.81	12.88	4.21
Other Amortization	2.6	2.53	-	-
Asset Writedown & Restructuring Costs	6.77	-	0.04	-
Loss (Gain) From Sale of Investments	-0.1	-0.51	-0.52	11.42
Provision & Write-off of Bad Debts	2.63	-0.78	-7.68	1.72
Other Operating Activities	34.09	96.59	33.51	40.58
Change in Accounts Receivable	14.32	0.03	-52.7	-71.2
Change in Inventory	30.96	-24.51	-45.83	-34.65
Change in Accounts Payable	-8.8	-55.32	77.12	17.42
Operating Cash Flow	-37.6	-144.74	-24.55	-85.28
Capital Expenditures	-26.5	-51.77	-233.39	-74.67
Sale of Property, Plant & Equipment	3.63	-	0	0
Investment in Securities	-	-	132.66	87.54
Investing Cash Flow	-22.87	-51.77	-100.73	12.86
Short-Term Debt Issued	-	-	-	300
Long-Term Debt Issued	225.65	391.8	361.07	251
Total Debt Issued	225.65	391.8	361.07	551
Short-Term Debt Repaid	-	-	-	-300
Long-Term Debt Repaid	-146.81	-218.09	-301.16	-196
Total Debt Repaid	-146.81	-218.09	-301.16	-496
Net Debt Issued (Repaid)	78.84	173.71	59.91	55
Common Dividends Paid	-23.25	-20.16	-19.46	-8.33
Other Financing Activities	-	-1.56	-	-0.5
Financing Cash Flow	55.6	151.99	40.45	46.17
Net Cash Flow	-4.87	-44.52	-84.83	-26.25
Free Cash Flow	-64.1	-196.51	-257.94	-159.96
Free Cash Flow Margin	-16.57%	-72.63%	-78.66%	-57.12%
Free Cash Flow Per Share	-0.13	-0.38	-0.50	-0.31
Cash Income Tax Paid	1.67	-3.92	-26.89	9.1
Levered Free Cash Flow	-13.56	-150.29	-17.66	-247.84
Unlevered Free Cash Flow	1.65	-137.15	-5.68	-243.21
Change in Working Capital	64.94	-72.71	-26.05	-98.49

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