SHA:601399 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	431.84	430.65	403.14	394.48
Depreciation & Amortization	446.65	460.21	456.75	440.51
Other Amortization	6.56	5.88	5.95	6.05
Loss (Gain) From Sale of Assets	-3.78	-25.2	-0.17	-0
Asset Writedown & Restructuring Costs	178.65	189.1	118.93	86.34
Loss (Gain) From Sale of Investments	-17.16	-32.11	-10.36	-70.67
Provision & Write-off of Bad Debts	150.19	68.21	113.83	62.57
Other Operating Activities	30.65	39.1	-66.87	64.01
Change in Accounts Receivable	-1,292	-810.96	440.27	-1,644
Change in Inventory	-691.39	-583.32	-198.01	311.64
Change in Accounts Payable	2,679	1,033	223.88	891.83
Change in Other Net Operating Assets	-162.88	-33.63	5.64	56.61
Operating Cash Flow	1,727	719.74	1,490	596.87
Operating Cash Flow Growth	139.88%	-51.69%	149.58%	-
Capital Expenditures	-806.54	-693.34	-363	-112.59
Sale of Property, Plant & Equipment	4.41	35.62	2.96	0.01
Investment in Securities	-40.97	-7.5	-	41.66
Other Investing Activities	16.35	11.95	9.88	14.19
Investing Cash Flow	-826.74	-653.27	-350.16	-56.73
Long-Term Debt Issued	120	408.85	260.19	434.89
Long-Term Debt Repaid	-446.12	-457.33	-706.14	-1,036
Net Debt Issued (Repaid)	-326.12	-48.48	-445.95	-600.82
Repurchase of Common Stock	-	-	-84.76	-115.29
Common Dividends Paid	-12.28	-24.11	-20.51	-20.73
Dividends Paid	-12.28	-24.11	-20.51	-20.73
Other Financing Activities	-124.1	88.62	-227.79	39.07
Financing Cash Flow	-462.5	16.03	-779.01	-697.76
Foreign Exchange Rate Adjustments	17.06	27.62	126.48	-6.24
Net Cash Flow	454.37	110.12	487	-163.86
Free Cash Flow	920.01	26.4	1,127	484.28
Free Cash Flow Growth	3384.84%	-97.66%	132.65%	-
Free Cash Flow Margin	7.26%	0.24%	11.67%	5.09%
Free Cash Flow Per Share	0.13	0.00	0.16	0.07
Cash Income Tax Paid	435.42	309.44	360.05	182.7
Levered Free Cash Flow	1,210	5.67	768.2	449.26
Unlevered Free Cash Flow	1,222	30.06	787.19	469.5
Change in Working Capital	502.94	-416.09	468.5	-386.41

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.