SHA:600996 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	-1,220	-1,084	-1,385	11.38	-445.27	-55.42
Depreciation & Amortization	581.38	581.38	541.84	657.85	616.32	611.6
Other Amortization	216.67	216.67	243.92	230.7	247.02	220.71
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0.03	-4.35	0.01	4.52
Asset Writedown & Restructuring Costs	0.09	0.09	218.25	6.65	0.48	5.07
Loss (Gain) From Sale of Investments	-50.19	-50.19	-5.84	-417.05	-7.51	-9.91
Provision & Write-off of Bad Debts	213.88	213.88	301.66	93.31	329.57	238.12
Other Operating Activities	539.01	418.94	339.16	364.97	215.95	235.33
Change in Accounts Receivable	257.56	257.56	-8	-956.93	-856.01	-2,107
Change in Inventory	19.93	19.93	57.22	70.99	-62.77	-14.98
Change in Accounts Payable	-171	-171	385.76	271.99	226.34	1,056
Operating Cash Flow	388.8	404.5	686.6	329.53	266.44	182.8
Operating Cash Flow Growth	-41.84%	-41.09%	108.36%	23.68%	45.76%	-11.92%
Capital Expenditures	-226.11	-664.66	-1,382	-1,222	-1,198	-1,089
Sale of Property, Plant & Equipment	0.24	0.18	0.51	0.24	4.84	0.03
Investment in Securities	4.74	34.74	-1.25	-	-49.05	-188
Other Investing Activities	-4.44	0.3	2.32	2.31	-	21.63
Investing Cash Flow	-225.57	-629.44	-1,380	-1,220	-1,258	-1,256
Long-Term Debt Issued	-	5,934	6,000	4,943	4,968	2,312
Long-Term Debt Repaid	-	-5,899	-4,827	-5,101	-3,047	-1,745
Net Debt Issued (Repaid)	-15.48	35.33	1,173	-158.63	1,922	566.86
Common Dividends Paid	-285	-303.13	-296.13	-283.42	-199.08	-267.72
Other Financing Activities	88.9	140.99	33.91	55.23	200.94	3.33
Financing Cash Flow	-211.58	-126.81	910.8	-386.82	1,923	302.48
Net Cash Flow	-48.36	-351.75	217.41	-1,277	932.11	-770.3
Free Cash Flow	162.68	-260.16	-694.97	-892.88	-932.06	-906.44
Free Cash Flow Margin	12.97%	-16.30%	-37.52%	-23.98%	-33.48%	-26.10%
Free Cash Flow Per Share	0.13	-0.21	-0.58	-0.79	-0.88	-0.82
Cash Income Tax Paid	24.54	25.95	-5.02	28.56	21.76	24.12
Levered Free Cash Flow	-697.34	-159.61	-616.09	-1,042	-1,317	-785.61
Unlevered Free Cash Flow	-483.79	55.38	-401.74	-844.48	-1,133	-626.49
Change in Working Capital	108.01	108.01	432.5	-613.94	-690.11	-1,067

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