SHA:600831 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	-1,101	-1,059	-626.34	9.95	63.87	61
Depreciation & Amortization	574.33	574.33	606.44	560.65	584.92	503.84
Other Amortization	53.09	53.09	20.99	30.05	32.99	48.88
Loss (Gain) From Sale of Assets	-0.11	-0.11	-0.05	-1.04	-8.58	-0.01
Asset Writedown & Restructuring Costs	8.39	8.39	-0.25	0.01	-0.06	5.24
Loss (Gain) From Sale of Investments	6.51	6.51	8.78	-5.97	-2.06	-10.14
Provision & Write-off of Bad Debts	251.37	251.37	136.42	82.51	77.54	52.28
Other Operating Activities	297.7	302.14	268.97	154.36	125.97	78.01
Change in Accounts Receivable	19.66	19.66	-424.7	-840.42	-1,033	-121.88
Change in Inventory	3.06	3.06	20.61	-23.44	0.83	13.47
Change in Accounts Payable	144.41	144.41	123.77	232.73	272.53	-416.27
Operating Cash Flow	253.57	299.8	136.52	199.47	120.08	211.69
Operating Cash Flow Growth	-13.30%	119.60%	-31.56%	66.11%	-43.28%	25.19%
Capital Expenditures	-70.67	-327.62	-1,021	-962.26	-1,346	-789.54
Sale of Property, Plant & Equipment	0.01	0.01	-	-	9.12	0.06
Investment in Securities	0.37	2.23	102.65	0.5	-120.95	25.47
Other Investing Activities	-	-	-	-0.94	2.61	5.65
Investing Cash Flow	-70.29	-325.38	-918.07	-962.71	-1,455	-758.36
Short-Term Debt Issued	-	170	-	-	-	-
Long-Term Debt Issued	-	2,999	3,210	3,467	2,391	2,320
Total Debt Issued	2,898	3,169	3,210	3,467	2,391	2,320
Long-Term Debt Repaid	-	-3,121	-2,320	-2,463	-1,163	-1,625
Net Debt Issued (Repaid)	42.33	48.48	890.21	1,004	1,228	694.68
Common Dividends Paid	-222.82	-218.17	-229.19	-231.29	-151.49	-82.63
Other Financing Activities	-55.37	-	10.02	-	-3.23	-0.1
Financing Cash Flow	-235.86	-169.69	671.04	772.6	1,074	611.96
Net Cash Flow	-52.58	-195.27	-110.51	9.36	-261.6	65.29
Free Cash Flow	182.9	-27.82	-884.2	-762.8	-1,226	-577.84
Free Cash Flow Margin	14.16%	-1.80%	-38.30%	-25.44%	-40.80%	-20.94%
Free Cash Flow Per Share	0.26	-0.04	-1.24	-1.06	-1.70	-0.81
Cash Income Tax Paid	15.11	14.8	12.72	-24.5	6.1	-4.65
Levered Free Cash Flow	522.73	13.36	-1,046	-945.84	-1,622	-66.19
Unlevered Free Cash Flow	668.52	161.5	-891.14	-849.94	-1,553	-10.2
Change in Working Capital	163.17	163.17	-278.45	-631.04	-754.53	-527.41

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