SHA:603444 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	1,502	944.92	1,125	1,461	1,468	1,046
Depreciation & Amortization	72.87	72.87	74.71	68.71	66.66	62.42
Other Amortization	44.33	44.33	43.53	30.97	46.28	62.29
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.33	0.07	-0.02	0.04
Asset Writedown & Restructuring Costs	52.48	52.48	5.93	37.58	28.24	0.75
Loss (Gain) From Sale of Investments	-7.56	-7.56	25.65	103.67	-387.15	-179.1
Provision & Write-off of Bad Debts	-1.57	-1.57	-3.87	0.89	-10.49	-12.54
Other Operating Activities	669.76	194.39	292.52	264.61	310.49	345.72
Change in Accounts Receivable	42.85	42.85	-35.27	51.83	-38.42	20.24
Change in Inventory	-	-	-	-	-	0.53
Change in Accounts Payable	-80.36	-80.36	-356.73	-294.68	989.56	185.03
Change in Other Net Operating Assets	-	-	3.06	8.05	18.69	4.89
Operating Cash Flow	2,281	1,249	1,186	1,752	2,418	1,533
Operating Cash Flow Growth	91.98%	5.33%	-32.35%	-27.54%	57.75%	18.19%
Capital Expenditures	-7.5	-23.5	-55.67	-43.6	-19.32	-69.45
Sale of Property, Plant & Equipment	0.33	0.08	0	0.06	0.07	0.1
Investment in Securities	252.14	-661.33	-513.4	142.31	-606.8	391.76
Other Investing Activities	59.69	69.52	78.53	87.37	157.88	86.71
Investing Cash Flow	304.66	-615.23	-490.54	186.13	-468.17	409.12
Long-Term Debt Repaid	-	-13.47	-9.38	-4.09	-36.94	-27.89
Net Debt Issued (Repaid)	-13.47	-13.47	-9.38	-4.09	-36.94	-27.89
Issuance of Common Stock	-	-	63.74	0.68	0.08	-
Repurchase of Common Stock	-52.17	-52.17	-	-	-	-
Common Dividends Paid	-868.25	-466.42	-729.2	-2,146	-863.23	-364.85
Other Financing Activities	51.75	-288.28	-284.41	-254.04	-252.5	-156.21
Financing Cash Flow	-882.15	-820.34	-959.25	-2,404	-1,153	-548.95
Foreign Exchange Rate Adjustments	23.04	43.53	36.83	187.83	-36.33	-55.48
Net Cash Flow	1,726	-143.4	-227.46	-277.45	761.19	1,338
Free Cash Flow	2,273	1,225	1,130	1,709	2,399	1,464
Free Cash Flow Growth	94.88%	8.44%	-33.88%	-28.77%	63.91%	18.17%
Free Cash Flow Margin	42.38%	33.15%	27.00%	33.07%	51.94%	53.37%
Free Cash Flow Per Share	31.67	17.05	15.70	23.78	33.38	20.39
Cash Income Tax Paid	392.92	334.88	465.1	676.77	402.09	284.98
Levered Free Cash Flow	1,764	798.26	673.21	1,343	2,099	1,090
Unlevered Free Cash Flow	1,765	799.29	674.18	1,343	2,100	1,091
Change in Working Capital	-51.18	-51.18	-377.77	-214.99	895.78	207.03

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.