SHA:600984 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-988.44	-744.79	-44.58	374.63
Depreciation & Amortization	789.88	780.95	718.17	625.73
Other Amortization	34.62	48.38	49.79	36.21
Loss (Gain) From Sale of Assets	-1.41	2.79	0.01	11.61
Asset Writedown & Restructuring Costs	161.53	185.71	19.2	27.71
Loss (Gain) From Sale of Investments	-3.53	1.52	-0.25	0.18
Provision & Write-off of Bad Debts	24.37	-44.84	-64.05	319.45
Other Operating Activities	435.74	439.43	457.9	362.93
Change in Accounts Receivable	519.58	476.94	-177.76	-1,553
Change in Inventory	-26.56	-24.95	77.15	-89.36
Change in Accounts Payable	-377.18	-665.91	-775.5	-79.53
Operating Cash Flow	402.15	412.46	264.65	24
Operating Cash Flow Growth	-2.50%	55.85%	1002.85%	-84.35%
Capital Expenditures	-653.19	-1,154	-1,664	-2,293
Sale of Property, Plant & Equipment	4.98	-	10.2	14.51
Divestitures	53.86	119.08	-	-
Investment in Securities	-	-50	-	-
Investing Cash Flow	-594.35	-1,085	-1,654	-2,278
Long-Term Debt Issued	7,993	4,793	6,471	5,027
Total Debt Issued	7,993	4,793	6,471	5,027
Short-Term Debt Repaid	-	-	-	-8.73
Long-Term Debt Repaid	-7,144	-3,990	-5,176	-3,120
Total Debt Repaid	-7,144	-3,990	-5,176	-3,129
Net Debt Issued (Repaid)	849.26	802.16	1,295	1,898
Common Dividends Paid	-359.63	-321.47	-309.59	-297.21
Other Financing Activities	-5.6	11.16	140.53	348.97
Financing Cash Flow	484.03	491.85	1,126	1,950
Foreign Exchange Rate Adjustments	-0.21	-0.08	0.4	-0.09
Net Cash Flow	291.62	-181.09	-263.63	-304.73
Free Cash Flow	-251.04	-741.94	-1,400	-2,269
Free Cash Flow Margin	-9.21%	-22.99%	-36.01%	-48.02%
Free Cash Flow Per Share	-0.20	-0.59	-1.11	-1.80
Cash Income Tax Paid	63.56	96.74	124.66	104.02
Levered Free Cash Flow	-113.44	-461.52	-2,745	-2,995
Unlevered Free Cash Flow	110.4	-258.19	-2,561	-2,867
Change in Working Capital	-50.62	-256.68	-871.54	-1,734

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