SHA:600644 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	22.57	24.3	70.58	117.61
Depreciation & Amortization	179.28	174.66	164.96	156.66
Other Amortization	3.45	3.3	2.93	3.17
Loss (Gain) on Sale of Assets	-1.71	-1.1	-63	0.04
Loss (Gain) on Sale of Investments	-34.48	-27.42	-22.6	-25.84
Asset Writedown	-1.51	3.63	0.55	3.77
Change in Accounts Receivable	-154.11	42.84	-80.95	126.75
Change in Inventory	0.9	0.79	7.79	10.32
Change in Accounts Payable	97.05	-46.07	-21.33	26.61
Change in Other Net Operating Assets	9.45	6.16	9.03	10.44
Other Operating Activities	28.58	26.56	47.42	38.54
Operating Cash Flow	171.34	219.23	136.2	476.57
Operating Cash Flow Growth	-21.84%	60.96%	-71.42%	16.69%
Capital Expenditures	-210.72	-162.25	-194.84	-315.6
Sale of Property, Plant & Equipment	27.8	53.22	0.36	0.52
Investment in Securities	-	-	-	0.55
Other Investing Activities	20.22	13.67	-	4.55
Investing Cash Flow	-162.7	-95.36	-194.47	-309.98
Long-Term Debt Issued	401	828.2	791.74	623.77
Long-Term Debt Repaid	-410.7	-760.03	-789.68	-726.33
Net Debt Issued (Repaid)	-9.7	68.17	2.06	-102.56
Common Dividends Paid	-29.78	-26.78	-29.74	-39.19
Other Financing Activities	-1.69	-5.79	-6.13	-58.34
Financing Cash Flow	-41.16	35.6	-33.81	-200.09
Net Cash Flow	-32.53	159.47	-92.08	-33.5
Free Cash Flow	-39.38	56.98	-58.63	160.97
Free Cash Flow Growth	-	-	-	189.17%
Free Cash Flow Margin	-1.23%	1.91%	-2.04%	6.26%
Free Cash Flow Per Share	-0.07	0.11	-0.11	0.30
Cash Income Tax Paid	173.43	322.92	308.34	237.64
Levered Free Cash Flow	-13.58	90.16	-160.68	14.17
Unlevered Free Cash Flow	4.54	109.58	-139.17	39.66
Change in Working Capital	-40.33	12.16	-78.39	179.55

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