SHA:601033 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	820.57	734.83	715.45	677.24
Depreciation & Amortization	925.42	841.74	599.61	368.34
Other Amortization	29.49	19.58	25.56	28.06
Loss (Gain) on Sale of Assets	0.01	-0.02	-0.04	0.07
Loss (Gain) on Sale of Investments	-95.36	-81.33	-62.08	-48.43
Asset Writedown	1.16	0.14	-0.28	3.42
Change in Accounts Receivable	-378.88	-490.21	-89.18	-469.62
Change in Inventory	9.17	-3.97	10.35	-11.29
Change in Accounts Payable	239.04	188.68	-40.21	362.34
Other Operating Activities	398.85	434.86	295.49	187.78
Operating Cash Flow	1,908	1,721	1,451	1,061
Operating Cash Flow Growth	10.85%	18.57%	36.75%	-0.28%
Capital Expenditures	-618.92	-1,251	-2,312	-4,660
Sale of Property, Plant & Equipment	0.01	0.01	0.32	43.4
Cash Acquisitions	-	-	-	-0.89
Divestitures	-8.2	-	-	-
Investment in Securities	-550	-389	-471.5	-
Other Investing Activities	5.77	-277.32	-	47.65
Investing Cash Flow	-1,171	-1,917	-2,783	-4,570
Long-Term Debt Issued	351.37	903.72	2,687	4,512
Long-Term Debt Repaid	-2,153	-857.91	-959.05	-1,212
Net Debt Issued (Repaid)	-1,801	45.81	1,728	3,300
Issuance of Common Stock	2,340	-	1,269	6
Common Dividends Paid	-810.49	-1,414	-397.79	-718.48
Other Financing Activities	-	-	14.45	57.82
Financing Cash Flow	-271.72	-1,368	2,614	2,645
Net Cash Flow	464.63	-1,564	1,282	-863.46
Free Cash Flow	1,289	470.2	-860.66	-3,599
Free Cash Flow Growth	174.09%	-	-	-
Free Cash Flow Margin	34.23%	13.30%	-26.13%	-141.92%
Free Cash Flow Per Share	1.45	0.63	-1.16	-5.53
Cash Income Tax Paid	175.78	166.7	175.67	115.09
Levered Free Cash Flow	-78.55	-1,530	-736.87	-2,975
Unlevered Free Cash Flow	150.68	-1,281	-548.97	-2,861
Change in Working Capital	-130.36	-295.78	-146.01	-153.85

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