SHA:600917 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	257.97	382.71	498.51	399.6	456.34	376.3
Depreciation & Amortization	276.04	276.04	319.09	328.72	308.44	286.03
Other Amortization	14.23	14.23	4.06	2.64	2.6	76.39
Loss (Gain) on Sale of Assets	-1.58	-1.58	-13.79	-14.23	-6.31	-3.13
Loss (Gain) on Sale of Investments	-112.92	-112.92	-175.1	6.9	-116.68	-64.59
Asset Writedown	11.95	11.95	0.75	17.2	2.24	11.99
Change in Accounts Receivable	-188.26	-188.26	-199.04	-380.27	37.63	10.66
Change in Inventory	19.54	19.54	-10.53	26.48	-10.31	1.43
Change in Accounts Payable	179.95	179.95	-33.99	-145.25	-51.2	-6.1
Change in Other Net Operating Assets	-25.27	-25.27	14.63	8.78	-	-
Other Operating Activities	-215.71	45.36	45.14	-104.17	-6.28	-26.87
Operating Cash Flow	229.5	615.31	452.05	156.03	622.19	667.1
Operating Cash Flow Growth	-50.20%	36.12%	189.71%	-74.92%	-6.73%	29.07%
Capital Expenditures	-156.78	-333.13	-534.66	-459.87	-479.7	-540.7
Sale of Property, Plant & Equipment	0.51	0.78	10.18	13.69	0.54	35.28
Cash Acquisitions	-59.5	-59.5	-	-	-	-
Divestitures	-	168	-	-	-	-
Investment in Securities	-157.32	-105	-136.52	-64.14	-185.61	-279.59
Other Investing Activities	49.79	55.74	179.01	-	59.17	89.47
Investing Cash Flow	-323.3	-273.11	-481.99	-510.33	-605.61	-695.52
Long-Term Debt Issued	-	504.79	434.17	1,283	366.99	368.91
Long-Term Debt Repaid	-	-694.77	-695.51	-310.86	-567.87	-98.29
Net Debt Issued (Repaid)	-205.87	-189.98	-261.34	972.63	-200.88	270.62
Issuance of Common Stock	-	-	-	-	-	56.3
Common Dividends Paid	-156.66	-207.59	-233.24	-232.47	-143.76	-139.95
Other Financing Activities	55.25	-1.86	3.15	12.35	13.75	-1.34
Financing Cash Flow	-307.28	-399.43	-491.42	752.51	-330.9	185.62
Net Cash Flow	-401.07	-57.24	-521.37	398.21	-314.32	157.2
Free Cash Flow	72.72	282.17	-82.61	-303.84	142.49	126.4
Free Cash Flow Growth	-	-	-	-	12.73%	1051.13%
Free Cash Flow Margin	0.70%	2.78%	-0.80%	-3.50%	1.82%	1.85%
Free Cash Flow Per Share	0.05	0.18	-0.05	-0.20	0.09	0.08
Cash Income Tax Paid	261.71	330.04	245.31	205.49	231.26	218.23
Levered Free Cash Flow	452.41	702.38	-196.55	-313.44	227.37	326.7
Unlevered Free Cash Flow	470.85	722.21	-178.3	-304.98	233.8	331.19
Change in Working Capital	-3.73	-3.73	-231.65	-491.02	-19.29	6.41

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