SHA:600729 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	1,315	1,309	883.38	951.54
Depreciation & Amortization	616.26	672.51	716.05	674.99
Other Amortization	79.28	82.21	62.75	30.67
Loss (Gain) From Sale of Assets	-9.3	-40.44	-60.97	-8.13
Asset Writedown & Restructuring Costs	-10.28	-122.01	18.53	1.1
Loss (Gain) From Sale of Investments	-701.68	-594.43	-603.04	-434.06
Provision & Write-off of Bad Debts	4.92	0.47	20.32	-19.55
Other Operating Activities	405.46	501.05	435.83	472.43
Change in Accounts Receivable	424.11	188.48	-353.44	372.86
Change in Inventory	105.82	-203.27	-25.82	-7.66
Change in Accounts Payable	-236.48	-361.32	-479.79	-948.65
Change in Other Net Operating Assets	10.55	14.02	-	-
Operating Cash Flow	2,023	1,493	619.37	1,114
Operating Cash Flow Growth	35.54%	140.98%	-44.39%	-5.75%
Capital Expenditures	-147.54	-167.81	-302.2	-232.4
Sale of Property, Plant & Equipment	76.06	61.04	89.84	446.83
Cash Acquisitions	-	-	-549.78	-
Divestitures	-	67.25	9.17	-
Investment in Securities	-781.61	-1,407	332.44	1,640
Other Investing Activities	104.6	95.11	97.87	60.66
Investing Cash Flow	-748.49	-1,352	-322.66	1,915
Short-Term Debt Issued	2,602	2,605	1,616	514.87
Total Debt Issued	2,602	2,605	1,616	514.87
Short-Term Debt Repaid	-2,786	-1,742	-739.94	-1,407
Long-Term Debt Repaid	-516.76	-506.76	-534.78	-496.44
Total Debt Repaid	-3,303	-2,249	-1,275	-1,904
Net Debt Issued (Repaid)	-701.1	356.15	341.74	-1,389
Issuance of Common Stock	-	-	50.12	-
Repurchase of Common Stock	-19.32	-	-	-244.7
Common Dividends Paid	-658.76	-313.02	-1,525	-1,491
Other Financing Activities	-13.93	-4.65	-45.71	-78.33
Financing Cash Flow	-1,393	38.48	-1,179	-3,203
Net Cash Flow	-118.59	179.48	-882.32	-174.44
Free Cash Flow	1,875	1,325	317.17	881.33
Free Cash Flow Growth	41.57%	317.68%	-64.01%	2.45%
Free Cash Flow Margin	10.94%	6.98%	1.73%	4.17%
Free Cash Flow Per Share	4.27	3.02	0.80	2.20
Cash Income Tax Paid	672.82	667.59	620.64	807.97
Levered Free Cash Flow	1,080	1,079	76.62	766.77
Unlevered Free Cash Flow	1,192	1,200	185.56	881.32
Change in Working Capital	323.72	-315.41	-853.48	-555.26

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