SHA:600685 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	845.12	377.26	48.07	688.46	79.39	3,662
Depreciation & Amortization	467.04	467.04	475.56	424.01	359.74	402.24
Other Amortization	21.72	21.72	10.46	8.42	5.01	3.31
Loss (Gain) From Sale of Assets	29.17	29.17	-50.35	1.9	-5.36	12.68
Asset Writedown & Restructuring Costs	0.68	0.68	1.69	2.36	0.7	1.04
Loss (Gain) From Sale of Investments	-275.55	-275.55	34.62	-600.93	-141.55	-3,858
Provision & Write-off of Bad Debts	5.73	5.73	-1.58	-20.01	36.2	-44.02
Other Operating Activities	4,684	316.61	212.3	259.72	240.68	141.15
Change in Accounts Receivable	-2,396	-2,396	-1,018	-352.9	1,399	7,823
Change in Inventory	-517.95	-517.95	-992.65	641.67	874.57	119.99
Change in Accounts Payable	-155.98	-155.98	4,592	972.64	1,506	-9,314
Operating Cash Flow	2,639	-2,196	3,312	2,015	4,365	-1,024
Operating Cash Flow Growth	-	-	64.36%	-53.84%	-	-
Capital Expenditures	-260.04	-203.19	-554.3	-240.73	-293.67	-455.56
Sale of Property, Plant & Equipment	7.08	380.35	332.12	140.84	3.09	5.42
Cash Acquisitions	-	-	-	-	-	-10.71
Divestitures	-	0.07	-1.03	-	-8.09	-4,188
Investment in Securities	-1,740	-1,757	-6,884	2,540	-2,247	161.14
Other Investing Activities	1,534	1,152	4,007	1,032	-835.9	616.58
Investing Cash Flow	-459.25	-428	-3,100	3,472	-3,382	-3,471
Long-Term Debt Issued	-	2,839	2,880	4,426	3,643	4,984
Long-Term Debt Repaid	-	-1,891	-4,379	-3,969	-4,635	-5,345
Net Debt Issued (Repaid)	-738.53	947.64	-1,499	457.13	-991.65	-360.99
Common Dividends Paid	-258.08	-137.31	-123.81	-335.56	-357.37	-154.95
Other Financing Activities	56.88	-2.63	-	0.29	83.21	59.43
Financing Cash Flow	-939.73	807.7	-1,623	121.86	-1,266	-456.51
Foreign Exchange Rate Adjustments	8.91	27.42	42.87	44.05	-19.73	-12.5
Net Cash Flow	1,249	-1,789	-1,369	5,653	-302.31	-4,964
Free Cash Flow	2,379	-2,399	2,758	1,774	4,072	-1,480
Free Cash Flow Growth	-	-	55.42%	-56.42%	-	-
Free Cash Flow Margin	11.31%	-12.36%	17.08%	13.87%	34.88%	-12.75%
Free Cash Flow Per Share	1.68	-1.70	1.95	1.25	2.88	-1.05
Cash Income Tax Paid	-	-241.59	-217	-395.62	-615.91	-266.53
Levered Free Cash Flow	1,867	-3,748	1,886	2,079	5,202	-1,061
Unlevered Free Cash Flow	1,940	-3,677	1,958	2,175	5,284	-963.62
Change in Working Capital	-3,138	-3,138	2,581	1,251	3,790	-1,346

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.