SHA:601965 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	907.78	836.17	689.14	691.67
Depreciation & Amortization	373.63	350.07	302.87	278.88
Other Amortization	35.76	9.8	5.16	4.17
Loss (Gain) From Sale of Assets	-14.62	-0.23	-0.04	-94.67
Asset Writedown & Restructuring Costs	1.99	0.72	1.07	1.35
Loss (Gain) From Sale of Investments	30.05	-53.59	-0.82	1.15
Provision & Write-off of Bad Debts	87.65	52.88	66.54	16.86
Other Operating Activities	99.86	56.55	43.88	48.13
Change in Accounts Receivable	-634.35	-336.74	-429.61	-260.04
Change in Inventory	-91.12	-33.2	-3.38	16.7
Change in Accounts Payable	-311.82	-8.32	98.18	-5.27
Change in Other Net Operating Assets	20.43	27.66	23.23	19.74
Operating Cash Flow	495.1	890.45	799.63	708.75
Operating Cash Flow Growth	-44.40%	11.36%	12.82%	-0.03%
Capital Expenditures	-724.22	-498.08	-487.69	-365.86
Sale of Property, Plant & Equipment	33.93	0.26	0.08	120.69
Investment in Securities	55.11	-	-63.5	-1.95
Other Investing Activities	11.4	469.36	224.67	3.67
Investing Cash Flow	-623.78	-28.45	-326.45	-243.45
Long-Term Debt Issued	9.83	21.9	14.38	-
Long-Term Debt Repaid	-43.24	-23.62	-8.71	-12.92
Net Debt Issued (Repaid)	-33.41	-1.72	5.67	-12.92
Issuance of Common Stock	-	-	183.71	12.87
Repurchase of Common Stock	-5.47	-3.8	-2.49	-3.39
Common Dividends Paid	-360.65	-301.37	-296.83	-297.14
Other Financing Activities	-38.13	-44.4	-7.03	21.75
Financing Cash Flow	-437.66	-351.29	-116.97	-278.84
Foreign Exchange Rate Adjustments	-0.01	0.01	0.06	-0.01
Net Cash Flow	-566.34	510.72	356.27	186.45
Free Cash Flow	-229.11	392.38	311.94	342.89
Free Cash Flow Growth	-	25.79%	-9.02%	-
Free Cash Flow Margin	-4.88%	9.58%	9.48%	8.94%
Free Cash Flow Per Share	-0.23	0.40	0.32	0.35
Cash Income Tax Paid	370.15	260.76	241.78	256.46
Levered Free Cash Flow	-183.35	331.48	256.29	153.35
Unlevered Free Cash Flow	-175.69	333	257.16	153.83
Change in Working Capital	-1,027	-361.9	-308.16	-238.79

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