SHA:600337 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	-643.24	-863.61	-463.11	-289.21	228.96	306.41
Depreciation & Amortization	558.24	558.24	533.82	566.65	524.75	195.37
Other Amortization	166.8	166.8	134.82	123.36	128.91	99.9
Loss (Gain) From Sale of Assets	-3.7	-3.7	-2.73	0.8	-0.25	-168.25
Asset Writedown & Restructuring Costs	96.64	96.64	8.67	3.23	5.97	6.18
Loss (Gain) From Sale of Investments	-84.28	-84.28	-0.27	-4.18	0.98	-12.12
Provision & Write-off of Bad Debts	6.05	6.05	2.37	0.44	5.88	4.62
Other Operating Activities	52.63	240.03	186.7	149.54	162.28	105.41
Change in Accounts Receivable	178.71	178.71	-56.74	39.12	52.56	59.72
Change in Inventory	279.51	279.51	144.06	-33.73	-304.83	108.73
Change in Accounts Payable	-363.39	-363.39	49.53	-228.04	-0.44	-75.97
Operating Cash Flow	100.22	67.26	435.9	212.33	794.73	621.08
Operating Cash Flow Growth	-59.78%	-84.57%	105.30%	-73.28%	27.96%	2.63%
Capital Expenditures	-55.64	-72.63	-129.83	-239.57	-410.04	-284.62
Sale of Property, Plant & Equipment	43.34	80.54	3.37	4.38	1.23	217.77
Divestitures	396.48	192.74	-	-	9.84	-
Investment in Securities	-2.27	-	8.71	-30.97	-33.72	390.97
Other Investing Activities	-	0.01	1.5	1.91	0.58	-
Investing Cash Flow	381.9	200.66	-116.25	-264.24	-432.11	324.13
Long-Term Debt Issued	-	2,607	2,662	1,811	2,226	1,304
Long-Term Debt Repaid	-	-3,054	-2,902	-1,929	-2,297	-1,555
Net Debt Issued (Repaid)	-714.94	-447.66	-240.03	-117.92	-71.84	-251.11
Issuance of Common Stock	-	-	-	6	-	-
Repurchase of Common Stock	-85.22	-85.22	-39.25	-28	-66	-642.81
Common Dividends Paid	-106.59	-100.67	-102.32	-84.2	-77.26	-95.83
Other Financing Activities	147.72	-	-	7.09	-3.48	-1.41
Financing Cash Flow	-759.03	-633.54	-381.6	-217.02	-218.58	-991.15
Foreign Exchange Rate Adjustments	-0.45	3.35	3.94	4.99	-4.89	-4.63
Net Cash Flow	-277.35	-362.27	-58	-263.95	139.14	-50.58
Free Cash Flow	44.58	-5.37	306.07	-27.25	384.68	336.46
Free Cash Flow Growth	-74.58%	-	-	-	14.33%	396.17%
Free Cash Flow Margin	1.42%	-0.16%	7.32%	-0.61%	7.29%	7.36%
Free Cash Flow Per Share	0.03	-0.00	0.21	-0.02	0.25	0.21
Cash Income Tax Paid	106.12	183.09	165.45	287.1	319.93	362.67
Levered Free Cash Flow	430.54	218.47	398.13	-101.04	433.48	330.86
Unlevered Free Cash Flow	518.51	327.49	506.7	-1.24	522.01	391.73
Change in Working Capital	-48.91	-48.91	35.63	-338.32	-262.75	83.56

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