SHA:603156 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	1,612	1,722	1,467	1,474	2,111	1,578
Depreciation & Amortization	97.85	97.85	94.31	98.87	87.51	80.34
Other Amortization	0.48	0.48	-	-	-	-
Loss (Gain) From Sale of Assets	0	0	0.26	2.87	1.64	0.78
Asset Writedown & Restructuring Costs	18.53	18.53	8.93	0	2.12	0.27
Loss (Gain) From Sale of Investments	-135.98	-135.98	73.63	-79.43	-361.44	-448.75
Provision & Write-off of Bad Debts	1.17	1.17	-1.3	0.14	-0.16	0.22
Other Operating Activities	92.85	28.46	96.08	3.56	-0.61	1.82
Change in Accounts Receivable	81.78	81.78	-73.74	-90.23	62.87	-136.91
Change in Inventory	128.42	128.42	-257.37	203.32	-94.66	-12.11
Change in Accounts Payable	-537.34	-537.34	1,007	-476.76	202.93	21.6
Operating Cash Flow	1,385	1,431	2,394	1,153	2,029	1,081
Operating Cash Flow Growth	-42.92%	-40.23%	107.55%	-43.14%	87.69%	-35.34%
Capital Expenditures	-33.8	-37.77	-263.98	-192.74	-55.32	-273.8
Sale of Property, Plant & Equipment	0.08	0.21	1.61	1.22	0.76	3.37
Investment in Securities	-793.25	-1,305	1,486	2,134	-432.21	843.96
Other Investing Activities	444.68	92.64	157.5	109.61	354.57	356.6
Investing Cash Flow	-382.28	-1,250	1,381	2,052	-132.19	930.12
Long-Term Debt Issued	-	323	1,143	500	-	-
Long-Term Debt Repaid	-	-1,380	-486.04	-100	-	-
Net Debt Issued (Repaid)	505.1	-1,057	656.99	400	-	-
Repurchase of Common Stock	-108.67	-108.67	-	-	-	-
Common Dividends Paid	-2,336	-2,023	-2,278	-2,531	-1,519	-2,109
Other Financing Activities	96.77	-11.91	-21.77	-2.75	3	-240
Financing Cash Flow	-1,843	-3,200	-1,643	-2,134	-1,516	-2,349
Net Cash Flow	-839.86	-3,020	2,133	1,072	380.77	-338.21
Free Cash Flow	1,351	1,393	2,130	960.67	1,973	807.03
Free Cash Flow Growth	-42.39%	-34.60%	121.71%	-51.31%	144.50%	-45.19%
Free Cash Flow Margin	23.57%	23.00%	34.57%	16.22%	28.57%	18.23%
Free Cash Flow Per Share	1.07	1.10	1.68	0.76	1.56	0.64
Cash Interest Paid	11.91	11.91	21.77	2.75	-	-
Cash Income Tax Paid	768.47	983.75	985.46	1,042	875.81	757.79
Levered Free Cash Flow	1,008	1,344	1,550	808.13	1,590	991.16
Unlevered Free Cash Flow	1,013	1,352	1,564	809.85	1,590	991.16
Change in Working Capital	-301.7	-301.7	654.57	-346.85	188.67	-131.7

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