SHA:600648 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	951.43	928.52	1,241	937.11
Depreciation & Amortization	869.22	834.27	854.72	869.78
Other Amortization	25.75	21.92	28.93	41.39
Loss (Gain) From Sale of Assets	-0.88	-1.73	-2.33	-0.3
Asset Writedown & Restructuring Costs	-24.98	-17.45	1.57	-0.25
Loss (Gain) From Sale of Investments	-517.49	-100.12	-487.92	-131.07
Provision & Write-off of Bad Debts	-1.26	4.33	0.07	5.55
Other Operating Activities	503.92	401.65	670.71	546.83
Change in Accounts Receivable	-1,183	-1,145	93.44	-503.26
Change in Inventory	-736.3	-1,252	-2,613	-736.87
Change in Accounts Payable	-2,470	453.3	-1,451	2,632
Change in Other Net Operating Assets	-	11.29	-22.82	-
Operating Cash Flow	-2,782	461.63	-1,710	3,533
Operating Cash Flow Growth	-	-	-	-15.55%
Capital Expenditures	-677.73	-919.67	-417.82	-98.26
Sale of Property, Plant & Equipment	8.32	2.32	1.35	0.74
Cash Acquisitions	-124.83	-	-	-
Divestitures	428.94	-	626.6	-
Investment in Securities	-65.22	-564.09	1,829	-1,605
Other Investing Activities	641.08	58.3	130.48	87.54
Investing Cash Flow	216.48	-1,385	2,158	-1,591
Long-Term Debt Issued	14,553	14,863	11,782	9,853
Long-Term Debt Repaid	-11,956	-13,019	-11,256	-9,546
Net Debt Issued (Repaid)	2,597	1,845	525.42	307.06
Common Dividends Paid	-1,060	-946.92	-1,545	-830.94
Other Financing Activities	88.76	-12.01	-11.62	-47.89
Financing Cash Flow	1,626	885.87	-1,031	-571.77
Foreign Exchange Rate Adjustments	1.22	2.41	9.12	0.21
Net Cash Flow	-938.8	-34.81	-573.55	1,371
Free Cash Flow	-3,460	-458.04	-2,128	3,435
Free Cash Flow Growth	-	-	-	-13.82%
Free Cash Flow Margin	-47.79%	-5.95%	-23.12%	38.67%
Free Cash Flow Per Share	-3.06	-0.41	-1.87	3.04
Cash Interest Paid	50.62	44.82	27.78	23.32
Cash Income Tax Paid	2,494	2,156	1,064	1,061
Levered Free Cash Flow	1,056	-902.58	-1,862	5,544
Unlevered Free Cash Flow	1,393	-603.85	-1,522	5,874
Change in Working Capital	-4,607	-1,614	-4,015	1,263

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