SHA:600936 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	-552.26	-882.85	-698.08	-1,037	-349.72	-142.85
Depreciation & Amortization	465.52	465.52	500.55	539.9	515.96	444.13
Other Amortization	143.28	143.28	127.47	289.91	181.43	165.9
Loss (Gain) From Sale of Assets	-0.34	-0.34	0.4	-0.54	-0.44	0.6
Asset Writedown & Restructuring Costs	0.29	0.29	21.61	185.13	0.41	-5
Loss (Gain) From Sale of Investments	24.44	24.44	8.34	-11.46	-16.38	-34.65
Provision & Write-off of Bad Debts	175.41	175.41	159.93	176.44	43.93	49.95
Other Operating Activities	-1,233	181.71	103.93	118.38	130.73	127.92
Change in Accounts Receivable	50.9	50.9	19.34	-148.81	56.19	-310.96
Change in Inventory	84.26	84.26	-8.41	240.41	-96.84	-20.86
Change in Accounts Payable	-66.22	-66.22	103.34	-72.89	112.87	14.12
Operating Cash Flow	-908.69	175.73	337.51	279.17	578.16	288.19
Operating Cash Flow Growth	-	-47.93%	20.90%	-51.71%	100.62%	-36.41%
Capital Expenditures	-82.33	-226.45	-190.61	-423.91	-941.7	-1,249
Sale of Property, Plant & Equipment	0.13	0.18	0.35	0.69	0.79	1.36
Investment in Securities	-0.11	-	-0.94	-1.4	-0.45	-115.81
Other Investing Activities	0.3	74.2	1.9	-	-2.37	-
Investing Cash Flow	-82.01	-152.07	-189.29	-424.62	-943.74	-1,363
Long-Term Debt Issued	-	1,126	1,002	776.7	1,700	2,691
Long-Term Debt Repaid	-	-1,099	-1,335	-1,011	-934.75	-1,146
Net Debt Issued (Repaid)	623.38	26.27	-332.84	-234.68	765.25	1,545
Common Dividends Paid	-376	-157.82	-169.22	-189.95	-192.08	-163.01
Other Financing Activities	-621.87	-	-	-	-	-
Financing Cash Flow	-374.48	-131.55	-502.06	-424.62	573.17	1,382
Net Cash Flow	-1,365	-107.89	-353.84	-570.08	207.6	307.09
Free Cash Flow	-991.03	-50.72	146.9	-144.74	-363.54	-960.39
Free Cash Flow Margin	-41.72%	-3.73%	10.46%	-8.61%	-19.66%	-44.33%
Free Cash Flow Per Share	-0.61	-0.03	0.09	-0.09	-0.22	-0.60
Cash Income Tax Paid	-	23.21	9.74	-9.08	8.65	-4.29
Levered Free Cash Flow	732.06	-43.39	356.78	-195.18	-782.14	-1,043
Unlevered Free Cash Flow	829.3	67.87	415.27	-124.35	-705.54	-979.21
Change in Working Capital	68.27	68.27	113.34	18.36	72.24	-317.81

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