SHA:600895 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	1,088	982.42	947.9	822.22	740.62	1,822
Depreciation & Amortization	274.51	274.51	268.43	293.46	267.16	251.05
Other Amortization	17.62	17.62	16.63	9.57	9.85	7.93
Loss (Gain) From Sale of Assets	-24.81	-24.81	-0	-	-	0.03
Asset Writedown & Restructuring Costs	-	-	0.04	0.06	-	-
Loss (Gain) From Sale of Investments	-1,015	-1,015	-851.17	-650.94	-139.82	-2,520
Provision & Write-off of Bad Debts	-4.25	-4.25	0.69	0.67	1.34	-2.73
Other Operating Activities	2,198	608.43	511.86	446.71	337.24	258.54
Change in Accounts Receivable	-1,199	-1,199	-237.92	91.36	-120.43	54.63
Change in Inventory	-3,821	-3,821	-5,281	-2,444	-1,861	-1,428
Change in Accounts Payable	1,824	1,824	1,751	1,047	394.26	1,141
Operating Cash Flow	-705.94	-2,401	-2,785	-455.74	-427.95	164.61
Capital Expenditures	-1,159	-2,062	-1,949	-1,590	-990.2	-541.54
Sale of Property, Plant & Equipment	0.03	-	0	-	-	-
Investment in Securities	1,771	407.06	-703.12	-261.68	-1,116	-2,484
Other Investing Activities	464.88	317.54	542.14	587.19	437.06	218.92
Investing Cash Flow	1,077	-1,337	-2,109	-1,264	-1,669	-2,807
Short-Term Debt Issued	-	-	26.65	-	48	16
Long-Term Debt Issued	-	11,065	14,946	10,238	13,885	12,305
Total Debt Issued	14,198	11,065	14,973	10,238	13,933	12,321
Long-Term Debt Repaid	-	-8,227	-9,728	-6,699	-10,573	-8,468
Net Debt Issued (Repaid)	-316.9	2,838	5,245	3,539	3,360	3,853
Issuance of Common Stock	2,349	1,649	-	-	-	-
Common Dividends Paid	-1,147	-1,225	-947.97	-832.76	-1,074	-569.02
Other Financing Activities	84.1	53.9	-	-	-	-
Financing Cash Flow	968.54	3,316	4,297	2,706	2,286	3,284
Foreign Exchange Rate Adjustments	4.88	19.5	12.26	43.55	-5.36	-8.74
Net Cash Flow	1,344	-403.11	-585.36	1,030	183.25	633.23
Free Cash Flow	-1,865	-4,463	-4,734	-2,045	-1,418	-376.93
Free Cash Flow Margin	-80.91%	-225.03%	-233.69%	-107.28%	-67.63%	-48.37%
Free Cash Flow Per Share	-1.16	-2.86	-3.05	-1.32	-0.92	-0.24
Cash Income Tax Paid	398.77	525.61	577.27	562.03	356.44	238.7
Levered Free Cash Flow	3,341	-922.68	-4,842	-2,755	-716.78	4,549
Unlevered Free Cash Flow	3,700	-554.37	-4,520	-2,457	-443.45	4,765
Change in Working Capital	-3,240	-3,240	-3,680	-1,377	-1,644	348.21

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