SHA:601368 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	89.23	87.93	73.52	163.84	296.37	247.79
Depreciation & Amortization	688.38	688.38	628.91	567.25	460.09	339.39
Other Amortization	11.33	11.33	3.14	1.41	0.32	0.71
Loss (Gain) on Sale of Assets	-	-	-	3.23	0.01	-0.15
Loss (Gain) on Sale of Investments	-0.25	-0.25	-0.03	-0.03	-	-
Asset Writedown	1.26	1.26	11.79	-	7.02	1.64
Change in Accounts Receivable	-980.54	-980.54	-752.79	-546.43	-370.57	-43
Change in Inventory	5.57	5.57	40.91	-3.46	-4.76	22.9
Change in Accounts Payable	88.29	88.29	48.23	-32.04	58.25	-40.87
Other Operating Activities	439.78	473.95	475.29	432.85	274.23	208.6
Operating Cash Flow	418.58	451.46	559.09	595.05	718.41	732.96
Operating Cash Flow Growth	-15.78%	-19.25%	-6.04%	-17.17%	-1.98%	9.42%
Capital Expenditures	-2,217	-1,513	-1,590	-2,019	-2,520	-2,830
Sale of Property, Plant & Equipment	0.02	0.35	0.77	1.86	0.63	0.28
Investment in Securities	-	-	-2	-6	-	-
Other Investing Activities	2.15	5.45	1.57	11.54	18.28	28.4
Investing Cash Flow	-2,215	-1,507	-1,589	-2,012	-2,501	-2,801
Long-Term Debt Issued	-	5,165	3,914	2,898	3,698	3,855
Long-Term Debt Repaid	-	-3,623	-2,415	-1,200	-2,003	-1,788
Net Debt Issued (Repaid)	2,652	1,542	1,499	1,699	1,694	2,067
Common Dividends Paid	-557.18	-565.53	-554.32	-548.22	-490.09	-403.12
Other Financing Activities	37.95	23.9	-0.21	193.02	-1.99	-0.07
Financing Cash Flow	2,119	1,000	944.95	1,343	1,202	1,664
Foreign Exchange Rate Adjustments	0.18	0.19	0.21	1.07	-0.27	-0.82
Net Cash Flow	322.59	-55.32	-85.21	-72.6	-580.74	-405.13
Free Cash Flow	-1,798	-1,062	-1,031	-1,424	-1,802	-2,097
Free Cash Flow Margin	-71.88%	-42.84%	-44.20%	-63.18%	-86.38%	-135.90%
Free Cash Flow Per Share	-2.04	-1.20	-1.17	-1.61	-2.04	-2.38
Cash Income Tax Paid	128.78	91.63	76.1	119.75	94.64	111.58
Levered Free Cash Flow	-1,846	-960.66	-1,280	-1,616	-2,244	-2,259
Unlevered Free Cash Flow	-1,554	-656.24	-985.92	-1,356	-2,042	-2,116
Change in Working Capital	-904.08	-904.08	-678.02	-589.84	-325.6	-62.05

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