SHA:600916 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	407.7	818.39	973.48	765.33	794.43	500.16
Depreciation & Amortization	60.86	60.86	70.71	51.98	46.22	10.41
Other Amortization	27.71	27.71	19.57	25.43	23.67	29.59
Loss (Gain) From Sale of Assets	-0.21	-0.21	-2.05	-	1.1	0
Asset Writedown & Restructuring Costs	0.01	0.01	0.24	0.02	0	-
Loss (Gain) From Sale of Investments	107.95	107.95	378.29	125.01	-103.76	354.69
Provision & Write-off of Bad Debts	-7.92	-7.92	14.26	12.1	7.32	14.71
Other Operating Activities	-96.57	828.17	142.13	196.82	61.99	39.89
Change in Accounts Receivable	494.76	494.76	-171.91	-65.73	-33.93	118.75
Change in Inventory	675.94	675.94	-540.08	168.54	-402.49	-325.97
Change in Accounts Payable	-1,316	-1,316	718.59	-52.4	402.17	-202.41
Operating Cash Flow	320.77	1,656	1,577	1,193	814.95	555.5
Operating Cash Flow Growth	-89.87%	5.04%	32.14%	46.41%	46.71%	9.89%
Capital Expenditures	-37.11	-76.85	-60.07	-40.69	-32.11	-21.83
Sale of Property, Plant & Equipment	-	-	0.02	-	0.03	-
Cash Acquisitions	-	-	-	-	-	9.99
Investment in Securities	-	-	-129.83	-	-40	-
Investing Cash Flow	-37.11	-76.85	-189.88	-40.69	-72.08	-11.84
Short-Term Debt Issued	-	3,600	-	-	-	599
Total Debt Issued	-	3,600	-	-	-	599
Short-Term Debt Repaid	-	-3,600	-	-	-	-599
Long-Term Debt Repaid	-	-43.08	-77.1	-48.21	-14.98	-
Total Debt Repaid	-43.08	-3,643	-77.1	-48.21	-14.98	-599
Net Debt Issued (Repaid)	-43.08	-43.08	-77.1	-48.21	-14.98	-
Issuance of Common Stock	-	-	-	-	830.96	-
Common Dividends Paid	-632.03	-806.12	-550.88	-471.57	-352.72	-116.87
Other Financing Activities	35.92	-82.37	-	-	-	-
Financing Cash Flow	-639.19	-931.57	-627.98	-519.78	463.26	-116.87
Net Cash Flow	-355.53	647.79	758.81	632.73	1,206	426.79
Free Cash Flow	283.66	1,579	1,517	1,153	782.84	533.67
Free Cash Flow Growth	-90.79%	4.14%	31.59%	47.22%	46.69%	16.38%
Free Cash Flow Margin	0.48%	2.61%	2.69%	2.45%	1.54%	1.58%
Free Cash Flow Per Share	0.17	0.95	0.90	0.69	0.47	0.35
Cash Income Tax Paid	401.46	548.42	544.65	442.9	464.61	319.73
Levered Free Cash Flow	728.62	1,806	1,347	998.7	385.72	394.34
Unlevered Free Cash Flow	759.03	1,845	1,386	1,044	450.67	463.92
Change in Working Capital	-178.75	-178.75	-19.96	16.51	-16.02	-393.95

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