SHA:600389 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	478.08	224.4	282.95	1,844	816.45	334.93
Depreciation & Amortization	221.98	221.98	240.01	240.8	221.14	201.5
Other Amortization	7.94	7.94	6.76	6.27	6.43	4.32
Loss (Gain) From Sale of Assets	-6.93	-6.93	-0.1	-21.1	-0.18	-0.21
Asset Writedown & Restructuring Costs	26.13	26.13	6.27	5.09	27.21	17.6
Loss (Gain) From Sale of Investments	-70.44	-70.44	-38.85	3.75	-58.08	-51.52
Stock-Based Compensation	-9.79	-9.79	-	-	-	-
Provision & Write-off of Bad Debts	4.48	4.48	-36.63	-	-2.05	16.84
Other Operating Activities	-26.52	40.56	61.87	121.47	22.34	64.14
Change in Accounts Receivable	-870.82	-870.82	711.2	-97.24	-225.36	-357.82
Change in Inventory	-87.77	-87.77	196.67	-5.4	-510.11	133.27
Change in Accounts Payable	864.43	864.43	-645.71	-361.22	685.8	323
Operating Cash Flow	533.85	347.24	770.02	1,774	993.8	707.17
Operating Cash Flow Growth	28.20%	-54.91%	-56.59%	78.48%	40.53%	72.87%
Capital Expenditures	-1,423	-1,255	-454.99	-189.44	-171.87	-199.14
Sale of Property, Plant & Equipment	3.27	9.39	0.03	136.88	0.88	1.3
Investment in Securities	-1,438	-1,316	-104.82	-122.2	-15	-
Other Investing Activities	318.48	21.08	17.05	28.51	22.45	20.95
Investing Cash Flow	-2,539	-2,541	-542.72	-146.25	-163.54	-176.89
Long-Term Debt Issued	-	1,760	470	730.5	600.5	564.97
Long-Term Debt Repaid	-	-861.58	-213	-730.5	-630.1	-473.5
Net Debt Issued (Repaid)	1,206	898.19	257	-	-29.6	91.47
Issuance of Common Stock	175.7	112.7	67.36	203.86	-	-
Common Dividends Paid	-185.48	-116.34	-79.61	-937.71	-466.76	-414.81
Other Financing Activities	-106.32	-201.62	-	-30.22	-11.21	-20.71
Financing Cash Flow	1,089	692.93	244.75	-764.07	-507.58	-344.05
Foreign Exchange Rate Adjustments	-6.53	-3.36	0.03	-35.96	10.06	-0.92
Net Cash Flow	-922.54	-1,504	472.08	827.42	332.75	185.31
Free Cash Flow	-889.42	-908.22	315.03	1,584	821.93	508.03
Free Cash Flow Growth	-	-	-80.12%	92.75%	61.79%	112.95%
Free Cash Flow Margin	-15.73%	-16.72%	6.19%	18.98%	12.68%	9.92%
Free Cash Flow Per Share	-2.06	-2.10	0.72	3.63	1.91	1.18
Cash Income Tax Paid	-	34.76	130.76	212.62	15.92	7.87
Levered Free Cash Flow	-1,271	-1,229	216.61	1,226	849.71	456.41
Unlevered Free Cash Flow	-1,256	-1,215	230.83	1,242	863.65	474.8
Change in Working Capital	-91.09	-91.09	247.75	-426.99	-39.46	119.57

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