SHA:600773 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	49.11	12.55	61.99	117.25	118.46	111.23
Depreciation & Amortization	90.48	90.48	88.86	75.88	49.81	51.53
Other Amortization	9.79	9.79	8.36	10.85	20.79	20.85
Loss (Gain) From Sale of Assets	-0.16	-0.16	-0.03	-0.13	0	-
Asset Writedown & Restructuring Costs	36.12	36.12	-	0	0	0.01
Loss (Gain) From Sale of Investments	-340.7	-340.7	42.96	-21.65	15.85	9.12
Provision & Write-off of Bad Debts	-5.32	-5.32	2.97	1.36	1.06	0.47
Other Operating Activities	548.03	117.53	94.32	143.22	143.01	73.84
Change in Accounts Receivable	-151.67	-151.67	-305.63	-155.7	738.67	63.12
Change in Inventory	386.2	386.2	758.08	1,661	-435.02	-415.98
Change in Accounts Payable	-635.8	-635.8	-1,311	-792.55	-855.63	902.08
Operating Cash Flow	110.64	-356.41	-565.8	1,024	-265.27	774.54
Operating Cash Flow Growth	-	-	-	-	-	112.39%
Capital Expenditures	-228.15	-171.53	-20.56	-94.22	-32.13	-245.69
Sale of Property, Plant & Equipment	0.17	0.19	0.05	0.16	5	0
Divestitures	709.76	709.76	-	-	-	-
Investment in Securities	-240	-290	46.18	-	-	-
Other Investing Activities	11.77	11.54	6.67	12.67	3.2	97.03
Investing Cash Flow	253.56	259.96	32.34	-81.39	-23.93	-148.67
Long-Term Debt Issued	-	2,103	3,051	1,724	1,891	4,012
Long-Term Debt Repaid	-	-1,845	-4,149	-2,609	-1,647	-4,441
Net Debt Issued (Repaid)	-130.36	258.5	-1,099	-885.28	243.55	-429.5
Issuance of Common Stock	-	986.48	-	-	-	-
Common Dividends Paid	-217.53	-293.41	-286.98	-347.22	-321.05	-366.96
Other Financing Activities	-500.57	-450.32	1,900	-	-79.96	-101.43
Financing Cash Flow	-849.98	501.25	514.46	-1,232	-157.46	-897.89
Net Cash Flow	-485.78	404.79	-18.99	-290.29	-446.67	-272.02
Free Cash Flow	-117.5	-527.95	-586.36	929.37	-297.41	528.85
Free Cash Flow Growth	-	-	-	-	-	293.04%
Free Cash Flow Margin	-6.54%	-44.63%	-24.48%	37.83%	-11.83%	28.37%
Free Cash Flow Per Share	-0.09	-0.42	-0.76	1.11	-0.35	0.67
Cash Income Tax Paid	129.55	254.06	252.23	463.01	404.12	491.53
Levered Free Cash Flow	-94.48	69.25	1,422	1,905	-424.54	224.45
Unlevered Free Cash Flow	-21.64	146.47	1,514	2,018	-353.71	256.05
Change in Working Capital	-276.7	-276.7	-865.23	696.82	-614.26	507.49

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