SHA:601106 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	-3,632	-3,736	-2,708	103.92	168.37	130.47
Depreciation & Amortization	829.03	829.03	856.05	700.11	626.66	608.94
Other Amortization	7.23	7.23	9.45	3.27	3.19	1.09
Loss (Gain) From Sale of Assets	-0.78	-0.78	-1.08	-0.32	84.36	-6.12
Asset Writedown & Restructuring Costs	72.83	72.83	1.12	4.54	1.32	4.42
Loss (Gain) From Sale of Investments	332.04	332.04	455.71	-354.71	-128.42	-23.71
Provision & Write-off of Bad Debts	1,082	1,082	1,226	544.57	-29.49	46.5
Other Operating Activities	1,238	1,027	793.13	726.58	641.69	583.53
Change in Accounts Receivable	1,335	1,335	3,296	-3,569	-799.67	1,722
Change in Inventory	-636.08	-636.08	-2,040	-75.43	-292.62	309.92
Change in Accounts Payable	165.89	165.89	-1,758	701.54	428.75	-2,702
Operating Cash Flow	789.35	473.22	143.39	-1,263	682.17	690.49
Operating Cash Flow Growth	-50.68%	230.02%	-	-	-1.21%	-64.00%
Capital Expenditures	-638.05	-508.41	-589.75	-200.47	-164.46	-426.15
Sale of Property, Plant & Equipment	-	-	0.08	0	1.69	1.57
Divestitures	499.67	-	-	-	100.06	-
Investment in Securities	41.16	-36.84	-312	-	-2,732	-237.5
Other Investing Activities	-	-	0.55	1.67	6.1	-
Investing Cash Flow	-97.22	-545.25	-901.12	-198.8	-2,789	-662.08
Long-Term Debt Issued	-	10,076	12,994	13,301	12,878	11,589
Long-Term Debt Repaid	-	-8,789	-11,105	-11,519	-11,023	-10,432
Net Debt Issued (Repaid)	-139.66	1,287	1,888	1,782	1,855	1,156
Common Dividends Paid	-338.62	-372.6	-579.91	-635.03	-597.95	-583.74
Other Financing Activities	1,001	-	16.5	-37.39	1.07	4.9
Financing Cash Flow	522.69	914.74	1,325	1,110	1,258	577.34
Foreign Exchange Rate Adjustments	4.22	-3.04	-5.71	23.89	-1.16	0.38
Net Cash Flow	1,219	839.67	561.33	-327.95	-849.99	606.13
Free Cash Flow	151.29	-35.19	-446.36	-1,463	517.71	264.34
Free Cash Flow Growth	-87.80%	-	-	-	95.85%	-82.10%
Free Cash Flow Margin	1.58%	-0.21%	-2.60%	-6.13%	2.24%	1.33%
Free Cash Flow Per Share	0.02	-0.01	-0.06	-0.21	0.08	0.04
Cash Income Tax Paid	319.7	160.62	358.62	681.78	339.1	434.32
Levered Free Cash Flow	2,459	3,113	531.48	-4,047	-653.35	556.93
Unlevered Free Cash Flow	2,720	3,423	890.46	-3,651	-280.6	899.14
Change in Working Capital	859.82	859.82	-489.07	-2,991	-685.51	-654.62

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