SHA:600585 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	7,696	10,428	15,861	33,268
Depreciation & Amortization	8,506	7,452	6,789	5,958
Other Amortization	91.23	-	-	-
Loss (Gain) From Sale of Assets	11.58	-45.56	111.12	-57.74
Asset Writedown & Restructuring Costs	266.46	452.23	-	-
Loss (Gain) From Sale of Investments	90.02	206.12	-57.52	-412.98
Loss (Gain) on Equity Investments	-	-	-636.39	-
Provision & Write-off of Bad Debts	32.96	32.48	1.57	24.17
Other Operating Activities	-1,588	-1,482	-5,242	-2,691
Change in Accounts Receivable	2,502	5,636	-4,239	70.16
Change in Inventory	2,153	1,620	-1,712	-2,691
Change in Accounts Payable	-1,422	-4,016	1,060	62.39
Change in Unearned Revenue	-	-	221.86	-
Change in Other Net Operating Assets	-	-	-3,018	-
Operating Cash Flow	18,476	20,074	9,139	33,895
Operating Cash Flow Growth	-7.96%	119.64%	-73.04%	-2.66%
Capital Expenditures	-11,314	-14,167	-14,007	-15,198
Sale of Property, Plant & Equipment	368	233.1	257.85	614.88
Cash Acquisitions	-449.65	-1,273	-1,082	-3,469
Sale (Purchase) of Intangibles	-	-	-12,639	-
Investment in Securities	-3,624	-5,955	20,020	-6,988
Other Investing Activities	1,694	1,855	2,170	3,376
Investing Cash Flow	-13,326	-19,306	-5,281	-21,664
Long-Term Debt Issued	22,096	15,682	14,301	3,886
Long-Term Debt Repaid	-15,981	-12,349	-6,621	-3,758
Net Debt Issued (Repaid)	6,115	3,333	7,680	127.61
Issuance of Common Stock	-	-	-	2
Repurchase of Common Stock	-161.43	-339.16	-	-
Common Dividends Paid	-5,950	-9,001	-12,610	-11,764
Other Financing Activities	-389.49	459.19	-282.84	32.15
Financing Cash Flow	-385.48	-5,548	-5,214	-11,602
Foreign Exchange Rate Adjustments	0.59	30.64	115.71	-50.89
Net Cash Flow	4,765	-4,750	-1,239	577.38
Free Cash Flow	7,162	5,907	-4,868	18,697
Free Cash Flow Growth	21.24%	-	-	-24.76%
Free Cash Flow Margin	7.87%	4.18%	-3.69%	11.13%
Free Cash Flow Per Share	1.36	1.11	-0.92	3.53
Cash Interest Paid	-	-	509.84	-
Cash Income Tax Paid	7,294	7,133	7,228	18,767
Levered Free Cash Flow	8,507	7,335	-19,298	13,032
Unlevered Free Cash Flow	8,994	7,917	-18,971	13,241
Change in Working Capital	3,370	3,031	-7,687	-2,193

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.