SHA:603019 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	1,911	1,836	1,544	1,176
Depreciation & Amortization	831.3	632.9	539.48	407.76
Other Amortization	46.3	24.59	15.34	17.86
Loss (Gain) From Sale of Assets	-1.61	0.8	-3.53	-0.09
Asset Writedown & Restructuring Costs	50.76	15.45	3.5	65.06
Loss (Gain) From Sale of Investments	-486.37	-351.3	-219.88	-198.81
Provision & Write-off of Bad Debts	79.81	98.58	75	30.32
Other Operating Activities	167.3	150.27	196.6	212.38
Change in Accounts Receivable	-4,104	391.37	665.4	-2,118
Change in Inventory	-28.67	2,911	976.51	-3,149
Change in Accounts Payable	4,434	-2,269	-2,775	3,017
Change in Other Net Operating Assets	-166.97	85.41	119.54	52.52
Operating Cash Flow	2,722	3,510	1,125	-522.88
Operating Cash Flow Growth	-22.45%	212.02%	-	-
Capital Expenditures	-859.64	-2,167	-2,685	-1,629
Sale of Property, Plant & Equipment	1.77	1.16	0.55	3.98
Cash Acquisitions	-265.45	-1.82	137.04	-11.23
Divestitures	-	-	-	-21.55
Investment in Securities	-313.97	3.37	3.86	-244.44
Other Investing Activities	117	34.05	10.27	15.91
Investing Cash Flow	-1,320	-2,130	-2,533	-1,886
Short-Term Debt Issued	-	-	40	300.22
Long-Term Debt Issued	22	1,410	1,945	949.23
Total Debt Issued	22	1,410	1,985	1,249
Short-Term Debt Repaid	-	-	-75.98	-265.47
Long-Term Debt Repaid	-1,977	-1,071	-890.25	-296.87
Total Debt Repaid	-1,977	-1,071	-966.23	-562.34
Net Debt Issued (Repaid)	-1,955	339.38	1,019	687.11
Issuance of Common Stock	-	-	17.35	180.5
Repurchase of Common Stock	-37.01	-24.01	-27.26	-
Common Dividends Paid	-306.63	-502.77	-288.32	-225.36
Other Financing Activities	41.4	40.32	236.34	-35.55
Financing Cash Flow	-2,257	-147.08	956.66	606.71
Foreign Exchange Rate Adjustments	6.45	4.71	31.74	-6.76
Net Cash Flow	-849.41	1,237	-420.15	-1,809
Free Cash Flow	1,862	1,343	-1,560	-2,152
Free Cash Flow Growth	38.67%	-	-	-
Free Cash Flow Margin	14.16%	9.36%	-12.00%	-19.10%
Free Cash Flow Per Share	1.28	0.91	-1.07	-1.46
Cash Income Tax Paid	591.63	553.47	391.36	342.57
Levered Free Cash Flow	1,554	1,002	-1,532	-3,325
Unlevered Free Cash Flow	1,591	1,043	-1,496	-3,309
Change in Working Capital	123.17	1,103	-1,026	-2,234

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