SHA:600322 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	-784.07	-210.33	37.77	-296.06	-1,844	-2,517
Depreciation & Amortization	80.12	80.12	63.24	66.82	77.54	66.67
Other Amortization	0.4	0.4	0.4	0.77	0.92	1.48
Loss (Gain) From Sale of Assets	0.02	0.02	0.01	-0.71	0.07	0.01
Asset Writedown & Restructuring Costs	4.57	4.57	-0.33	0.33	167.61	-
Loss (Gain) From Sale of Investments	-296.98	-296.98	-0.05	-529.43	36.36	3.19
Provision & Write-off of Bad Debts	-0.01	-0.01	0.02	0.01	0.07	-0.01
Other Operating Activities	1,968	970.71	1,080	789.92	1,914	2,552
Change in Accounts Receivable	456.82	456.82	-2,247	-44.59	271.79	-250.82
Change in Inventory	1,137	1,137	2,862	2,006	2,158	1,161
Change in Accounts Payable	-1,531	-1,531	-580.85	-1,566	-556.85	2,319
Operating Cash Flow	1,033	609.66	1,215	428.3	2,237	3,374
Operating Cash Flow Growth	-	-49.82%	183.65%	-80.85%	-33.71%	255.33%
Capital Expenditures	-0.13	-16.77	-0.49	-0.76	-0.22	-0.41
Sale of Property, Plant & Equipment	0	0	0	0.61	0	0
Divestitures	-	-	-	535.39	-	48.6
Investment in Securities	233.1	233.1	-	-	-	-
Other Investing Activities	2.93	0.2	-	5.4	-	2.33
Investing Cash Flow	235.9	216.53	-0.49	540.64	-0.22	50.52
Long-Term Debt Issued	-	2,673	718.6	2,213	1,035	2,944
Short-Term Debt Repaid	-	-90	-	-	-	-
Long-Term Debt Repaid	-	-2,400	-1,432	-2,725	-2,638	-5,136
Total Debt Repaid	-2,418	-2,490	-1,432	-2,725	-2,638	-5,136
Net Debt Issued (Repaid)	-823.76	183.49	-713.55	-511.79	-1,603	-2,192
Common Dividends Paid	-322.87	-686.23	-519.2	-852.2	-813.19	-1,048
Other Financing Activities	-157.14	-240.98	-6.23	-4.44	-2.29	-8.31
Financing Cash Flow	-1,304	-743.73	-1,239	-1,368	-2,418	-3,248
Net Cash Flow	-34.62	82.46	-24.59	-399.48	-181.89	175.8
Free Cash Flow	1,033	592.88	1,214	427.54	2,236	3,373
Free Cash Flow Growth	-	-51.18%	184.04%	-80.88%	-33.70%	255.63%
Free Cash Flow Margin	40.83%	21.87%	39.78%	12.72%	47.94%	122.54%
Free Cash Flow Per Share	0.93	0.54	1.10	0.39	2.02	3.05
Cash Income Tax Paid	350.88	216.87	121.45	113.05	132.37	614.3
Levered Free Cash Flow	487.19	-413.83	-367.02	306.62	1,874	3,945
Unlevered Free Cash Flow	839.72	-50.98	-5.37	751.92	1,989	4,000
Change in Working Capital	61.14	61.14	33.42	396.64	1,884	3,268

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