Shenzhen Gas Corporation Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	1,457	1,440	1,222	1,354
Depreciation & Amortization	-	1,032	1,399	1,240	873.25
Other Amortization	-	239.21	91.48	49.52	45.34
Loss (Gain) on Sale of Assets	-	13.26	7.74	0.78	-3.89
Loss (Gain) on Sale of Investments	-	-	-	-224.59	-122.13
Asset Writedown	-	150.46	12.03	7.62	46.21
Stock-Based Compensation	-	33.18	14.74	-	-
Change in Accounts Receivable	-	-489.78	-1,358	-201.61	-1,014
Change in Inventory	-	824.28	424.93	-919.97	-852.01
Change in Accounts Payable	-	96.64	219.29	-68.73	488.69
Change in Unearned Revenue	-	88.94	-78.66	-69.86	-33.11
Change in Other Net Operating Assets	-	-	-	15.74	6.96
Other Operating Activities	-	254.01	417.57	642.79	518.61
Operating Cash Flow	-	3,697	2,543	1,637	1,337
Operating Cash Flow Growth	-	45.41%	55.33%	22.39%	-55.82%
Capital Expenditures	-	-3,371	-3,948	-2,661	-2,253
Sale of Property, Plant & Equipment	-	295.81	1.32	67.84	72.21
Cash Acquisitions	-	-41.64	-335.64	-685	-2,102
Divestitures	-	-	-	78.95	43.38
Investment in Securities	-	-171.46	14.26	22.68	33.03
Other Investing Activities	-	180.63	211.45	167.89	176.68
Investing Cash Flow	-	-3,107	-4,057	-2,907	-4,030
Short-Term Debt Issued	-	1,175	417.08	-	-
Long-Term Debt Issued	-	15,281	22,512	12,282	3,007
Total Debt Issued	-	16,456	22,929	12,282	3,007
Long-Term Debt Repaid	-	-16,405	-18,245	-10,187	-7,669
Total Debt Repaid	-	-16,405	-18,245	-10,187	-7,669
Net Debt Issued (Repaid)	-	50.89	4,684	2,095	-4,661
Common Dividends Paid	-	-744.88	-842.06	-817.28	-842.56
Other Financing Activities	-	-16.42	186.26	324.69	7,284
Financing Cash Flow	-	-710.41	4,028	1,603	1,780
Foreign Exchange Rate Adjustments	-	6.8	-12.19	-31.56	-4.94
Net Cash Flow	-	-113.44	2,502	301.15	-917.78
Free Cash Flow	-	326.84	-1,405	-1,024	-916
Free Cash Flow Margin	-	1.15%	-4.54%	-3.40%	-4.28%
Free Cash Flow Per Share	-	0.10	-0.46	-0.35	-0.32
Cash Income Tax Paid	-	676.25	1,014	826.29	592.93
Levered Free Cash Flow	-	-1,017	-1,635	-1,106	-1,928
Unlevered Free Cash Flow	-	-828.25	-1,404	-883.02	-1,788
Change in Working Capital	-	483.49	-849.28	-1,294	-1,437

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