SHA:600639 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	949.75	1,002	1,819	1,584	1,623	1,108
Depreciation & Amortization	546.81	546.81	511.16	520.82	512.09	405.69
Other Amortization	18.2	18.2	11.05	4.42	5.41	5.52
Gain (Loss) on Sale of Assets	-0.03	-0.03	-0.02	-0.03	0.04	0
Gain (Loss) on Sale of Investments	-908.18	-908.18	-59.98	-121.05	-120.49	-75.45
Asset Writedown	0.07	0.07	1.02	0.03	0.07	0
Change in Accounts Receivable	503.38	503.38	-283.22	750.45	738.11	-289.45
Change in Other Net Operating Assets	-599.21	-599.21	-1,772	-835.97	-2,907	3,363
Other Operating Activities	-258.65	477.64	415.85	306.64	283.6	165.37
Operating Cash Flow	-1,988	-1,199	-6,703	-2,532	1,082	3,268
Operating Cash Flow Growth	-	-	-	-	-66.90%	-
Acquisition of Real Estate Assets	-46.85	-56.53	-27.1	-7.75	-12.41	-13.43
Sale of Real Estate Assets	0.6	0.63	0.03	0.04	0.04	0
Net Sale / Acq. of Real Estate Assets	-46.24	-55.91	-27.07	-7.7	-12.37	-13.43
Investment in Marketable & Equity Securities	-155.77	-1,839	999.45	2,286	-608.15	-2,899
Other Investing Activities	82.08	37.23	305.07	68.71	107.35	156.17
Investing Cash Flow	983.28	-754.21	1,277	2,347	-513.18	-2,757
Long-Term Debt Issued	-	9,443	11,493	7,773	4,708	8,329
Total Debt Issued	8,030	9,443	11,493	7,773	4,708	8,329
Long-Term Debt Repaid	-	-4,737	-6,534	-6,359	-4,514	-7,191
Total Debt Repaid	-7,026	-4,737	-6,534	-6,359	-4,514	-7,191
Net Debt Issued (Repaid)	1,004	4,706	4,960	1,414	193.92	1,138
Issuance of Common Stock	119.05	119.05	440	-	-	-
Common Dividends Paid	-801.95	-1,185	-940.82	-910.06	-675.53	-727.91
Other Financing Activities	-552.8	-146.13	641.03	145.28	-1.65	-4.77
Foreign Exchange Rate Adjustments	0.12	0.14	0.1	0.24	-0.04	-0.14
Net Cash Flow	-1,236	1,541	-325.56	465.15	85.24	917.11
Cash Income Tax Paid	1,714	919.59	725.97	2,303	549.75	2,496
Levered Free Cash Flow	-290.5	-300.76	-7,301	-7,343	4,759	2,783
Unlevered Free Cash Flow	-7.25	6.08	-7,032	-7,135	4,963	2,890
Change in Working Capital	-2,330	-2,330	-9,423	-4,832	-1,294	1,630

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