SHA:600930 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	8,844	8,831	9,608	8,522	7,254	4,060
Depreciation & Amortization	-	-	10,627	8,610	7,316	5,898
Other Amortization	-	-	80.47	75.79	55.13	14.8
Loss (Gain) on Sale of Assets	-	-	0.71	-2.44	-2.69	-0.41
Loss (Gain) on Sale of Investments	-	-	-1.96	0.73	-	-
Asset Writedown	-	-	432.03	446.97	147.83	69.93
Change in Accounts Receivable	-	-	-8,431	5,984	-11,416	-4,352
Change in Inventory	-	-	0.96	-10.07	5.5	-2.55
Change in Accounts Payable	-	-	3,097	3,530	3,350	2,064
Change in Other Net Operating Assets	-	-	93.75	24.84	-	-
Other Operating Activities	25,387	15,333	2,957	2,650	3,167	3,432
Operating Cash Flow	34,232	24,164	18,486	29,805	9,952	11,216
Operating Cash Flow Growth	55.98%	30.72%	-37.98%	199.49%	-11.27%	8899.64%
Capital Expenditures	-78,507	-71,587	-58,357	-58,232	-28,418	-23,944
Sale of Property, Plant & Equipment	96.28	108.93	11.97	268.86	83.85	87.41
Cash Acquisitions	-3,185	-3,942	-557.67	-2,099	-847.17	-27.66
Divestitures	-	-	45.63	-	-	-
Investment in Securities	-1,237	-1,014	-254.89	-296.32	-171.19	-33.37
Other Investing Activities	1,573	1,608	1,593	906.8	771.74	1,482
Investing Cash Flow	-81,259	-74,826	-57,519	-59,451	-28,581	-22,435
Long-Term Debt Issued	-	151,522	123,387	96,568	73,757	35,474
Long-Term Debt Repaid	-	-102,283	-82,853	-57,499	-52,922	-20,813
Net Debt Issued (Repaid)	30,773	49,239	40,533	39,069	20,835	14,661
Issuance of Common Stock	30,418	13,530	1,999	5,006	22,794	7,363
Common Dividends Paid	-7,976	-7,072	-5,822	-8,858	-6,546	-4,512
Other Financing Activities	-11,366	1,798	-1,015	-5,251	-13,234	-5,374
Financing Cash Flow	41,850	57,495	35,695	29,966	23,849	12,138
Foreign Exchange Rate Adjustments	-0.79	1.41	-1.25	-6.04	6.32	-2.89
Net Cash Flow	-5,179	6,835	-3,338	313.89	5,226	916.14
Free Cash Flow	-44,275	-47,423	-39,871	-28,427	-18,466	-12,728
Free Cash Flow Margin	-114.98%	-139.61%	-134.84%	-115.22%	-84.94%	-77.39%
Cash Income Tax Paid	2,161	1,676	1,938	1,264	1,954	1,533
Levered Free Cash Flow	-	-71,951	-45,465	-51,658	-31,067	3,019
Unlevered Free Cash Flow	-	-68,525	-42,639	-49,094	-28,535	4,940
Change in Working Capital	-	-	-5,297	9,546	-8,095	-2,294

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