SHA:600479 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	230.76	320.41	302.51	302.06
Depreciation & Amortization	97.92	103.65	95.6	85.93
Other Amortization	22.63	18.53	16.8	16.22
Loss (Gain) From Sale of Assets	-0.5	-	-	-33.54
Asset Writedown & Restructuring Costs	4.69	0.94	-0.17	0.43
Loss (Gain) From Sale of Investments	-16.22	-15.87	-19.65	-26.41
Provision & Write-off of Bad Debts	5.61	17.84	2.17	-0.29
Other Operating Activities	78.83	79.28	88.17	75.41
Change in Accounts Receivable	18.73	-8.69	-163.72	275.85
Change in Inventory	44.61	62.29	-51.22	-52.4
Change in Accounts Payable	-147.8	-132.49	465.43	-160.39
Change in Other Net Operating Assets	60.88	-	-	-
Operating Cash Flow	398.77	443.12	733.47	485.57
Operating Cash Flow Growth	-10.01%	-39.59%	51.05%	-10.47%
Capital Expenditures	-47.32	-43.99	-34.43	-71.88
Sale of Property, Plant & Equipment	0.39	0.06	0.2	30.82
Investment in Securities	-700	618.4	130.07	-25.18
Other Investing Activities	5.75	10.82	26.32	22.9
Investing Cash Flow	-741.18	585.29	122.15	-43.34
Long-Term Debt Issued	-	42.15	-	60
Long-Term Debt Repaid	-69.41	-74.6	-43.83	-149.85
Net Debt Issued (Repaid)	-69.41	-32.46	-43.83	-89.85
Issuance of Common Stock	-	0.44	48.59	-
Repurchase of Common Stock	-16.54	-3.38	-	-
Common Dividends Paid	-152.82	-147.89	-248.65	-429.53
Other Financing Activities	-11.36	-18.72	-20.29	-1.2
Financing Cash Flow	-250.12	-202	-264.19	-520.58
Net Cash Flow	-592.54	826.4	591.43	-78.35
Free Cash Flow	351.45	399.13	699.04	413.69
Free Cash Flow Growth	-11.95%	-42.90%	68.97%	-7.06%
Free Cash Flow Margin	9.68%	10.51%	17.36%	11.29%
Free Cash Flow Per Share	0.85	0.94	1.63	0.99
Cash Income Tax Paid	347.79	329.57	290.93	319.05
Levered Free Cash Flow	226.34	241.45	716.2	333.96
Unlevered Free Cash Flow	227.04	242.5	717.59	335.28
Change in Working Capital	-24.94	-81.67	248.05	65.76

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