SHA:601968 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	191.17	172.38	218.57	268.44	266.36	158.66
Depreciation & Amortization	396.13	396.13	390.81	336.58	297.46	265.73
Other Amortization	24.6	24.6	16.83	5.87	2.77	1.46
Loss (Gain) From Sale of Assets	-0.85	-0.85	-0.08	0.89	0.01	0.59
Asset Writedown & Restructuring Costs	11.37	11.37	4.77	12.46	6.76	35.21
Loss (Gain) From Sale of Investments	-3.13	-3.13	10.21	3.86	-	-1.7
Provision & Write-off of Bad Debts	0.58	0.58	-0.17	-1.94	1	-0.69
Other Operating Activities	-319.94	59.18	58.33	55.33	35.7	81.52
Change in Accounts Receivable	-317.67	-317.67	319.33	205.57	-284.41	167.19
Change in Inventory	-133.81	-133.81	-157.13	417.14	-588.07	-119.48
Change in Accounts Payable	974.3	974.3	-128.89	-491.24	1,248	119.04
Operating Cash Flow	822.46	1,183	748.05	794.27	971.08	704.45
Operating Cash Flow Growth	44.90%	58.12%	-5.82%	-18.21%	37.85%	8.37%
Capital Expenditures	-629.87	-671.5	-638.85	-1,078	-953.34	-524.89
Sale of Property, Plant & Equipment	1.07	2.02	0.26	1.3	0.03	1.87
Divestitures	-	-	-3.29	-	-	-
Investment in Securities	-2.44	-202.44	0.61	-	-	24.82
Other Investing Activities	-	-	15.55	18.54	6.35	5.78
Investing Cash Flow	-631.25	-871.93	-625.73	-1,059	-946.95	-492.41
Long-Term Debt Issued	-	2,685	3,292	3,277	905.05	2,871
Long-Term Debt Repaid	-	-2,693	-3,289	-3,043	-736.01	-3,243
Net Debt Issued (Repaid)	-585.92	-8.27	2.17	234.02	169.04	-371.56
Issuance of Common Stock	695.88	695.88	-	1.21	15.75	-
Repurchase of Common Stock	-70.01	-70.01	-	-	-	-
Common Dividends Paid	-61.79	-187.73	-173.21	-160.22	-97.38	-85.82
Other Financing Activities	27.35	-43.3	-28.7	-	-70.33	545.79
Financing Cash Flow	5.51	386.57	-199.74	75	17.09	88.41
Foreign Exchange Rate Adjustments	-7.25	6.13	6.09	8.84	-8.6	-9.67
Net Cash Flow	189.48	703.57	-71.33	-180.51	32.62	290.77
Free Cash Flow	192.59	511.29	109.2	-284.19	17.74	179.56
Free Cash Flow Growth	295.98%	368.22%	-	-	-90.12%	-57.73%
Free Cash Flow Margin	2.20%	6.15%	1.41%	-3.33%	0.25%	3.10%
Free Cash Flow Per Share	0.15	0.45	0.10	-0.25	0.02	0.21
Cash Income Tax Paid	220.2	93.17	186.39	195.71	97.93	140.83
Levered Free Cash Flow	139.72	332.63	-7.3	-426.95	71.61	91.97
Unlevered Free Cash Flow	151.63	351.55	13.45	-407.53	82.07	109
Change in Working Capital	522.52	522.52	48.78	112.77	361.02	163.66

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