SHA:601619 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	714.58	630.12	803.06	582.35	771.4
Depreciation & Amortization	885.39	769.09	746.33	540.41	439.6
Other Amortization	1.57	1.5	1.06	340.32	102.49
Loss (Gain) on Sale of Assets	-0.08	-0.71	-	-	0
Loss (Gain) on Sale of Investments	-16.58	5.55	-66.68	-18.23	-477.13
Asset Writedown	2.16	2.87	5.07	-	0.01
Change in Accounts Receivable	570.92	-294.88	-672.06	-1,036	-568.1
Change in Inventory	-0	-	-	-	-
Change in Accounts Payable	146.33	122.95	85.53	624.77	-28.47
Change in Other Net Operating Assets	2.27	7.13	10.33	38.68	76.7
Other Operating Activities	452.32	511.74	520.69	79.29	234.12
Operating Cash Flow	2,750	1,786	1,483	1,157	539.64
Operating Cash Flow Growth	53.97%	20.46%	28.17%	114.36%	-16.85%
Capital Expenditures	-1,627	-1,292	-927.47	-937.42	-322.99
Sale of Property, Plant & Equipment	0.15	9.35	-	0.02	0.01
Cash Acquisitions	-0.87	-	-	-111.13	-
Divestitures	35.5	0.06	143.48	-	1,767
Investment in Securities	128.83	-0.44	11.87	-100.94	-1,546
Other Investing Activities	-10.01	-65.71	-7.37	4.55	38.26
Investing Cash Flow	-1,473	-1,348	-779.5	-1,145	-63.7
Long-Term Debt Issued	173.1	2,091	1,204	100	708
Long-Term Debt Repaid	-1,519	-4,006	-3,495	-2,280	-1,807
Net Debt Issued (Repaid)	-1,346	-1,915	-2,291	-2,180	-1,099
Issuance of Common Stock	1,200	-	-	-	109.5
Common Dividends Paid	-566.24	-431.57	-380.08	-388.28	-327.47
Other Financing Activities	179.93	1,790	1,606	2,783	1,160
Financing Cash Flow	-531.95	-556.94	-1,065	214.19	-156.97
Foreign Exchange Rate Adjustments	-	0	0.03	1.44	-0.03
Net Cash Flow	744.87	-119.26	-361.59	227.49	318.95
Free Cash Flow	1,123	494.42	555.11	219.36	216.65
Free Cash Flow Growth	127.18%	-10.93%	153.06%	1.25%	271.55%
Free Cash Flow Margin	44.94%	20.41%	23.10%	11.92%	14.98%
Free Cash Flow Per Share	0.42	0.20	0.22	0.09	0.09
Cash Income Tax Paid	237.67	227.84	150.91	132.56	43.24
Levered Free Cash Flow	-90.07	446.2	-434.93	268.18	513.32
Unlevered Free Cash Flow	-90.07	574.6	-328.44	-0.17	558.03
Change in Working Capital	710.51	-177.05	-542.71	-377.64	-543.03

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