SHA:601568 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	204.79	230.88	372.57	1,447	1,850	1,684
Depreciation & Amortization	683.34	683.34	681.43	700.29	703.47	678.03
Other Amortization	10.86	10.86	1.28	8.69	-	3.28
Loss (Gain) From Sale of Assets	-0.55	-0.55	-0.12	-0.04	-0.43	-0.34
Asset Writedown & Restructuring Costs	21.68	21.68	23.45	1.55	29.35	5.03
Loss (Gain) From Sale of Investments	-0.56	-0.56	-0.8	-2.16	-	-3.26
Provision & Write-off of Bad Debts	-0.61	-0.61	-0.74	-3.36	-4.6	0.22
Other Operating Activities	-225.32	404.59	474.45	259.58	15.26	40.97
Change in Accounts Receivable	801.07	801.07	-355.77	654.1	317.36	-194.03
Change in Inventory	190.35	190.35	-193.29	-454.89	-111.85	10.3
Change in Accounts Payable	-1,181	-1,181	-578.1	-590.79	258.76	-264.52
Change in Other Net Operating Assets	20.82	20.82	20.82	21.28	20.93	20.93
Operating Cash Flow	599.76	1,256	472.85	1,966	3,111	1,997
Operating Cash Flow Growth	-60.30%	165.57%	-75.95%	-36.79%	55.80%	38.27%
Capital Expenditures	-266.73	-690.06	-559.54	-105.94	-63.05	-46.67
Sale of Property, Plant & Equipment	4.31	4.31	-	2.84	1.71	-
Investment in Securities	-9.65	-	-	-	-	-
Other Investing Activities	1.13	-27.12	4.24	-3.69	-	3.45
Investing Cash Flow	-270.94	-712.87	-555.3	-106.79	-61.34	-43.22
Long-Term Debt Issued	-	-	-	-	-	600
Short-Term Debt Repaid	-	-378.94	-	-	-	-
Long-Term Debt Repaid	-	-21.98	-6.6	-0.68	-301.03	-1,530
Total Debt Repaid	-202.18	-400.92	-6.6	-0.68	-301.03	-1,530
Net Debt Issued (Repaid)	-202.18	-400.92	-6.6	-0.68	-301.03	-930
Issuance of Common Stock	-	-	-	-	-	3,457
Common Dividends Paid	-400.55	-400.23	-2,235	-1,256	-902.82	-520.17
Other Financing Activities	0.72	-	-	-	-1.03	-16.01
Financing Cash Flow	-602.01	-801.15	-2,241	-1,257	-1,205	1,991
Foreign Exchange Rate Adjustments	2.19	2.61	3.04	0.08	-2.07	-2.88
Net Cash Flow	-271	-255.64	-2,321	602.49	1,842	3,941
Free Cash Flow	333.03	565.7	-86.68	1,860	3,048	1,950
Free Cash Flow Growth	-59.89%	-	-	-38.96%	56.30%	45.79%
Free Cash Flow Margin	3.57%	5.61%	-0.79%	14.78%	23.17%	19.79%
Free Cash Flow Per Share	0.08	0.15	-0.02	0.46	0.76	0.54
Cash Income Tax Paid	237.72	199.98	299.92	688.03	815.79	846.51
Levered Free Cash Flow	418.34	1,048	330.26	1,653	2,830	1,626
Unlevered Free Cash Flow	420.06	1,051	330.84	1,653	2,831	1,645
Change in Working Capital	-93.87	-93.87	-1,079	-444.99	517.2	-411.54

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