SHA:600397 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	-417.36	-272.66	-113.8	-76.56	55.15	-222.7
Depreciation & Amortization	169.25	169.25	169.59	165.81	168	162.6
Other Amortization	2.34	2.34	2.23	2.31	1.18	1.19
Loss (Gain) From Sale of Assets	-47.81	-47.81	-2.69	0.18	-0.03	-5.19
Asset Writedown & Restructuring Costs	3.8	3.8	1.18	2.75	16.61	70.86
Loss (Gain) From Sale of Investments	-5.57	-5.57	-10.01	-4.82	-4.88	-3.28
Provision & Write-off of Bad Debts	17.8	17.8	-1.51	2.96	-2.72	2.51
Other Operating Activities	-216.87	184.87	219.58	256	220.14	265.52
Change in Accounts Receivable	1,158	1,158	410.76	-1,103	-189.97	-244.34
Change in Inventory	14.69	14.69	10.72	19	5.05	15.08
Change in Accounts Payable	-882.37	-882.37	-626.64	939.63	-76.44	56.35
Operating Cash Flow	-202.8	343.64	61.79	201.86	197.87	99.43
Operating Cash Flow Growth	-	456.11%	-69.39%	2.02%	98.99%	-43.37%
Capital Expenditures	-59.6	-104.62	-160.09	-138.5	-265.02	-241.07
Sale of Property, Plant & Equipment	7.62	13.38	0.41	0.34	2.09	34.22
Divestitures	526.18	664.23	-	-	-	13
Investment in Securities	9.09	9.09	-	3.96	3.6	-45
Other Investing Activities	-310.04	-	6.88	-	-	4.69
Investing Cash Flow	173.25	582.09	-152.8	-134.21	-259.33	-234.16
Long-Term Debt Issued	-	3,264	2,595	2,956	3,829	4,013
Long-Term Debt Repaid	-	-2,942	-2,282	-3,380	-4,046	-3,956
Net Debt Issued (Repaid)	-279.93	321.75	313.02	-424.3	-216.4	56.54
Common Dividends Paid	-46	-100.9	-134.74	-100.75	-146.74	-195.71
Other Financing Activities	-213.43	-1,060	-245.6	605.34	539.49	94.01
Financing Cash Flow	-539.3	-838.86	-67.32	80.28	176.35	-45.17
Foreign Exchange Rate Adjustments	-1.4	-	-0	0.02	-0.01	-
Net Cash Flow	-570.25	86.87	-158.33	147.95	114.88	-179.9
Free Cash Flow	-262.4	239.02	-98.3	63.35	-67.15	-141.64
Free Cash Flow Margin	-7.11%	4.42%	-1.43%	0.71%	-0.72%	-1.86%
Free Cash Flow Per Share	-0.27	0.24	-0.10	0.06	-0.07	-0.14
Cash Income Tax Paid	152.93	184.97	223.77	206.78	231.94	174.57
Levered Free Cash Flow	241.8	-5.65	-3.85	-932.74	-466.24	803.87
Unlevered Free Cash Flow	327.18	109.9	137.09	-777.43	-306.97	968.77
Change in Working Capital	291.63	291.63	-202.77	-146.79	-255.59	-172.08

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