SHA:601128 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	4,195	3,813	3,282	2,744	2,188	1,803
Depreciation & Amortization	303.07	303.07	317.33	290.2	239.04	147.37
Other Amortization	86.43	86.43	37.16	76.77	96	82.32
Gain (Loss) on Sale of Assets	-14.64	-14.64	-20.72	-13.01	-8.27	-10.47
Gain (Loss) on Sale of Investments	-2,561	-2,561	-1,011	-846	-652.45	-330.67
Total Asset Writedown	11.27	11.27	0.89	26.64	27.15	4.25
Provision for Credit Losses	2,701	2,701	1,780	1,973	1,711	1,491
Change in Other Net Operating Assets	13,229	13,229	11,629	8,723	-5,514	809.66
Other Operating Activities	4,544	719.81	681.82	571.7	519.49	450.43
Operating Cash Flow	22,364	18,159	16,369	13,154	-1,688	4,120
Operating Cash Flow Growth	-10.67%	10.93%	24.45%	-	-	-62.77%
Capital Expenditures	-350.45	-334.28	-514.61	-571.37	-398.89	-457.28
Sale of Property, Plant and Equipment	8.73	25.64	47.8	115.71	125.7	17.24
Cash Acquisitions	-37.1	168.86	-	-	-	-
Investment in Securities	-10,857	-9,206	-12,680	-12,658	1,409	-2,007
Other Investing Activities	1,659	1,417	903	963.78	419.93	308.1
Investing Cash Flow	-9,577	-7,929	-12,244	-12,150	1,556	-2,139
Long-Term Debt Issued	-	13,264	19,189	30,438	33,018	32,767
Long-Term Debt Repaid	-	-17,983	-21,998	-30,088	-28,098	-34,176
Net Debt Issued (Repaid)	-4,148	-4,719	-2,809	349.97	4,920	-1,409
Common Dividends Paid	-1,318	-759.95	-772.09	-925.38	-905.11	-864.74
Other Financing Activities	-200.19	-75.8	10.71	-14.76	52.18	37.73
Financing Cash Flow	-5,666	-5,555	-3,571	-590.17	4,067	-2,236
Foreign Exchange Rate Adjustments	-37.96	-35.89	-0.57	100.34	-41.96	-58.01
Net Cash Flow	7,083	4,639	554.22	513.58	3,894	-312.66
Free Cash Flow	22,014	17,824	15,855	12,582	-2,086	3,663
Free Cash Flow Growth	-10.65%	12.42%	26.01%	-	-	-66.14%
Free Cash Flow Margin	230.83%	199.58%	204.69%	184.68%	-35.23%	71.86%
Free Cash Flow Per Share	5.04	4.17	3.74	3.53	-0.63	1.10
Cash Interest Paid	4,453	5,271	5,878	4,477	4,330	4,300
Cash Income Tax Paid	1,257	1,238	1,258	1,007	794.66	847.51

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