SHA:600829 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	119.14	213.27	292.16	264.48	277.3	145.26
Depreciation & Amortization	60.3	60.3	60.18	63.99	60.44	24.9
Other Amortization	4.77	4.77	5.92	4.5	4.33	5.02
Loss (Gain) From Sale of Assets	-0.23	-0.23	0.35	0.36	-0.07	-0.28
Asset Writedown & Restructuring Costs	2.14	2.14	0.81	0.3	1.95	13.44
Loss (Gain) From Sale of Investments	-13.9	-13.9	-3.89	-	-	-
Provision & Write-off of Bad Debts	19.24	19.24	24.85	-11.08	9.17	-
Other Operating Activities	51.36	27.88	27.02	27.01	17.82	7.27
Change in Accounts Receivable	-10.6	-10.6	-228.88	0.7	-292.96	-435.16
Change in Inventory	16.45	16.45	-41.41	31.22	17.35	21.96
Change in Accounts Payable	-204.15	-204.15	201.01	-76.03	-326.39	213.11
Operating Cash Flow	44.79	115.44	332.99	307.33	-233	-9.22
Operating Cash Flow Growth	-	-65.33%	8.35%	-	-	-
Capital Expenditures	-12.64	-8.04	-23.48	-6.42	-12.24	-13.97
Sale of Property, Plant & Equipment	0.13	0.15	0.26	0.55	0.69	1.27
Divestitures	-	-	-	-	-	0.02
Other Investing Activities	-	-	-156.64	-	-	-
Investing Cash Flow	-12.51	-7.89	-179.86	-5.87	-11.55	-12.67
Short-Term Debt Issued	-	949.22	681.73	1,392	1,320	599.77
Total Debt Issued	914.22	949.22	681.73	1,392	1,320	599.77
Short-Term Debt Repaid	-	-1,072	-917.8	-1,299	-699	-524
Long-Term Debt Repaid	-	-42.19	-46.42	-42.75	-44.93	-
Total Debt Repaid	-1,056	-1,114	-964.22	-1,342	-743.93	-524
Net Debt Issued (Repaid)	-142.25	-165.05	-282.49	50.12	575.74	75.77
Common Dividends Paid	-25.58	-160.41	-24.62	-30.48	-35.65	-4.26
Other Financing Activities	-0.73	-	424.97	129.88	-197.78	-
Financing Cash Flow	-168.56	-325.46	117.86	149.51	342.31	71.51
Net Cash Flow	-136.28	-217.92	270.99	450.97	97.76	49.61
Free Cash Flow	32.15	107.39	309.5	300.91	-245.24	-23.19
Free Cash Flow Growth	-	-65.30%	2.85%	-	-	-
Free Cash Flow Margin	0.32%	1.07%	2.98%	3.12%	-2.63%	-0.29%
Free Cash Flow Per Share	0.06	0.18	0.53	0.52	-0.42	-0.04
Cash Income Tax Paid	256.02	305.32	281.41	254.71	281.28	226.5
Levered Free Cash Flow	68.47	-16.66	366.86	406.36	-152	-40.48
Unlevered Free Cash Flow	86.51	1.02	383.88	434.13	-120.55	-21.26
Change in Working Capital	-198.05	-198.05	-74.41	-42.23	-603.92	-204.84

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