SHA:600467 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	40.93	43.43	49.45	59.63	66.18	62.25
Depreciation & Amortization	217.84	217.84	221.6	233.99	219.26	207.92
Other Amortization	54.93	54.93	64.37	58.6	70.56	56.61
Loss (Gain) From Sale of Assets	6.86	6.86	2.59	3.48	-0.08	0.33
Asset Writedown & Restructuring Costs	-	-	2.96	-	1.43	2.2
Loss (Gain) From Sale of Investments	-9.12	-9.12	-3.06	3.27	-12.54	-11.81
Provision & Write-off of Bad Debts	-0.08	-0.08	-0.01	0.75	-1.03	-0.21
Other Operating Activities	-26.42	126.94	137.35	111.83	115.51	102.69
Change in Accounts Receivable	-32.22	-32.22	21.42	29.54	-37.63	48.16
Change in Inventory	205.28	205.28	379.09	-217.15	-41.77	-52.43
Change in Accounts Payable	-22.96	-22.96	-11.35	-18.57	-0.08	-69.47
Operating Cash Flow	432.27	588.13	867.77	257.18	380.13	342.29
Operating Cash Flow Growth	-56.50%	-32.23%	237.41%	-32.34%	11.05%	-21.32%
Capital Expenditures	-628.65	-731.41	-773.33	-146.6	-234.99	-364.46
Sale of Property, Plant & Equipment	-2.71	0.29	68.29	31.9	16.92	16.76
Divestitures	-	-	-	-0.12	-	-
Investment in Securities	10.04	10.04	31.85	9.63	7.5	5.97
Other Investing Activities	18.65	18.33	3.42	9.27	14.89	19.11
Investing Cash Flow	-602.66	-702.76	-669.77	-95.92	-195.68	-322.61
Long-Term Debt Issued	-	3,222	2,914	2,608	2,864	2,579
Long-Term Debt Repaid	-	-3,021	-3,035	-2,653	-2,922	-2,485
Net Debt Issued (Repaid)	-76.11	200.44	-121.29	-45.85	-57.88	94.14
Common Dividends Paid	-151.88	-149.69	-153.87	-140.1	-133.21	-130.65
Other Financing Activities	372.65	-2.15	86	40.07	-75.23	33.05
Financing Cash Flow	144.65	48.61	-189.16	-145.88	-266.31	-3.45
Foreign Exchange Rate Adjustments	1	1	1.1	0.12	-0.8	0.36
Net Cash Flow	-24.73	-65.02	9.94	15.5	-82.66	16.59
Free Cash Flow	-196.37	-143.29	94.44	110.58	145.14	-22.16
Free Cash Flow Growth	-	-	-14.60%	-23.81%	-	-
Free Cash Flow Margin	-14.23%	-10.12%	6.04%	9.27%	11.58%	-1.80%
Free Cash Flow Per Share	-0.14	-0.10	0.07	0.08	0.10	-0.01
Cash Interest Paid	-	-	-	-	-	6.39
Cash Income Tax Paid	0.63	3.18	-2.34	-40.6	-2.33	8.4
Levered Free Cash Flow	-303.65	-437.96	260.76	-86.04	19.1	-191.56
Unlevered Free Cash Flow	-224.54	-361.25	345.36	-22.59	93.66	-129.23
Change in Working Capital	147.34	147.34	392.53	-214.38	-79.16	-77.68

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