SHA:600598 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	1,097	1,087	1,064	975.29	770.21	989.98
Depreciation & Amortization	298.75	298.75	267.48	239.84	240.98	231.14
Other Amortization	11.67	11.67	8.67	12.53	7.38	7.65
Loss (Gain) From Sale of Assets	0.24	0.24	-0.34	-1.31	-0.07	-15.79
Asset Writedown & Restructuring Costs	62.69	62.69	80.76	109.3	90.99	61.66
Loss (Gain) From Sale of Investments	21.4	21.4	30.21	66.1	34.21	-31.28
Provision & Write-off of Bad Debts	0.49	0.49	-0.08	-21.14	-11.72	-0.27
Other Operating Activities	13.28	6.63	29.37	-26.67	-24.6	-24.48
Change in Accounts Receivable	-38.01	-38.01	-24.9	13.6	97.85	8
Change in Inventory	81.12	81.12	-67.74	-7.43	32.1	5.44
Change in Accounts Payable	-37.47	-37.47	127.94	-100.44	-11.12	-41.8
Change in Other Net Operating Assets	-0.1	-0.1	-0.4	-0.24	-0.13	-0.92
Operating Cash Flow	1,510	1,494	1,515	1,259	1,226	1,189
Operating Cash Flow Growth	-12.10%	-1.38%	20.27%	2.72%	3.09%	46.08%
Capital Expenditures	-306	-445.13	-579.03	-349	-258.98	-354.28
Sale of Property, Plant & Equipment	0.25	0.35	2.54	1.81	0.39	20.31
Divestitures	-	-	0	-	-	-
Investment in Securities	-3,477	-1,100	-850	1,150	-256.19	373.31
Other Investing Activities	24.89	35.75	4.94	31.18	37.31	69.58
Investing Cash Flow	-3,757	-1,509	-1,422	834.05	-477.47	108.92
Long-Term Debt Issued	-	48.06	-	-	-	-
Long-Term Debt Repaid	-	-36.14	-34.14	-13.75	-0.97	-
Net Debt Issued (Repaid)	-36.14	11.91	-34.14	-13.75	-0.97	-
Common Dividends Paid	-995.38	-780.77	-746.63	-711.07	-711.32	-675.52
Other Financing Activities	12.32	1.98	0.63	3.16	-	-
Financing Cash Flow	-1,019	-766.87	-780.14	-721.66	-712.29	-675.52
Net Cash Flow	-3,267	-782.08	-687.02	1,372	36.31	622.72
Free Cash Flow	1,204	1,049	935.65	910.42	967.09	835.05
Free Cash Flow Growth	2.45%	12.08%	2.77%	-5.86%	15.81%	44.91%
Free Cash Flow Margin	23.66%	19.64%	18.55%	21.36%	26.65%	25.77%
Free Cash Flow Per Share	0.68	0.59	0.53	0.51	0.54	0.47
Cash Income Tax Paid	49.89	39.83	35.55	39.31	36.9	35.67
Levered Free Cash Flow	667.83	508.46	389.8	393.59	898.29	478.46
Unlevered Free Cash Flow	669.21	509.64	389.8	393.59	898.29	478.46
Change in Working Capital	4.73	4.73	34.9	-94.51	118.7	-29.28

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