SHA:600790 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	83.41	140.83	214.42	1,187	432	397.34
Depreciation & Amortization	242.7	242.7	214.54	209.96	229.82	228.9
Other Amortization	17.49	17.49	12.08	10.83	9.64	10.65
Gain (Loss) on Sale of Assets	-25.32	-25.32	-0.25	-1,268	-5.52	0
Gain (Loss) on Sale of Investments	-142.56	-142.56	-142.98	-68.56	-159.87	-224.56
Asset Writedown	1.28	1.28	1.31	0.11	0.02	0.03
Change in Accounts Receivable	-142.71	-142.71	9.73	-48.99	60.09	88.57
Change in Other Net Operating Assets	414.86	414.86	-287.92	99.55	-355.55	-614.15
Other Operating Activities	-218.07	111.09	63.17	15.87	11.21	7.5
Operating Cash Flow	212.53	599.11	81.1	159.89	222.45	-105.48
Operating Cash Flow Growth	-54.15%	638.76%	-49.28%	-28.13%	-	-
Acquisition of Real Estate Assets	-1,355	-973.01	-1,253	-1,089	-108.53	-58
Sale of Real Estate Assets	3.94	48.91	200.34	921.17	5.53	0
Net Sale / Acq. of Real Estate Assets	-1,351	-924.1	-1,052	-167.46	-103	-58
Cash Acquisition	1.09	-	-51.72	-	-	-
Investment in Marketable & Equity Securities	-6.79	-24.96	-324.89	-19.25	595.88	-76.46
Other Investing Activities	100.93	88.55	139.9	58.98	107.63	128.6
Investing Cash Flow	-1,256	-860.51	-1,289	-127.73	600.51	-0.71
Long-Term Debt Issued	-	235.43	3,248	1,120	-	-
Total Debt Issued	413.78	235.43	3,248	1,120	-	-
Long-Term Debt Repaid	-	-927.43	-880.2	-320	-	-
Total Debt Repaid	-428.08	-927.43	-880.2	-320	-	-
Net Debt Issued (Repaid)	-14.29	-692	2,368	800	-	-
Repurchase of Common Stock	-	-	-138.98	-342.35	-	-
Common Dividends Paid	-254.44	-236.38	-291.86	-229.02	-146.58	-263.84
Other Financing Activities	605.79	109.5	105.89	18.55	-	110.03
Foreign Exchange Rate Adjustments	0	-0.29	0.01	0.04	-	-0.03
Net Cash Flow	-705.94	-1,081	835.45	279.37	676.38	-260.03
Cash Income Tax Paid	181.3	314.53	145.46	438.5	168.88	180.08
Levered Free Cash Flow	-1,212	-19.59	-1,036	-992.84	-165.01	-89.54
Unlevered Free Cash Flow	-1,162	19.63	-1,007	-986.86	-165.01	-89.54
Change in Working Capital	252.96	252.96	-281.81	43.45	-294.82	-525.42

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