SHA:603693 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	383.25	416.88	472.37	476.02	308.68	153.72
Depreciation & Amortization	691.16	691.16	669.06	651.8	406.46	375.53
Other Amortization	4.36	4.36	0.38	0.55	0.68	1.27
Loss (Gain) on Sale of Assets	-34.55	-34.55	-0	0.26	-0.33	-0.59
Loss (Gain) on Sale of Investments	-106.51	-106.51	-103.81	-112.75	-11.51	-6.18
Asset Writedown	18.55	18.55	-0.14	-	217.71	287.87
Change in Accounts Receivable	-575.3	-575.3	-651.51	-205.48	-573.24	-104.26
Change in Inventory	-1.26	-1.26	-3.56	2.47	13.21	13.01
Change in Accounts Payable	18.09	18.09	131.39	124.12	158.08	1.34
Change in Other Net Operating Assets	-0.17	-0.17	3.23	-	-	-7.24
Other Operating Activities	494.01	342.71	337.08	417.04	217.49	144.38
Operating Cash Flow	1,107	989.51	918.72	1,366	762.91	810.8
Operating Cash Flow Growth	13.26%	7.71%	-32.77%	79.11%	-5.91%	56.69%
Capital Expenditures	-674.75	-877.37	-815.01	-610.28	-1,644	-1,609
Sale of Property, Plant & Equipment	60.17	50.7	0.28	0.17	0.46	0.75
Investment in Securities	12.31	-16	-	-	200	60
Other Investing Activities	0.56	10.8	2.06	-2.06	-1.26	6.28
Investing Cash Flow	-601.58	-831.87	-812.67	-612.17	-1,445	-1,542
Long-Term Debt Issued	-	1,148	5,201	1,053	1,765	1,654
Long-Term Debt Repaid	-	-758.22	-5,080	-1,316	-946.5	-461.99
Net Debt Issued (Repaid)	20.1	390.02	120.72	-263.05	818.1	1,192
Common Dividends Paid	-270.11	-300.66	-289.42	-243.48	-225.09	-224.38
Other Financing Activities	-247.5	223.37	-65.43	51.06	198.86	1.51
Financing Cash Flow	-497.52	312.73	-234.13	-455.47	791.87	968.72
Foreign Exchange Rate Adjustments	0.03	0.42	0.66	3.25	-0.09	0.56
Net Cash Flow	8.11	470.79	-127.42	302.06	110.14	237.88
Free Cash Flow	432.42	112.14	103.71	756.17	-880.84	-798.43
Free Cash Flow Growth	-	8.13%	-86.28%	-	-	-
Free Cash Flow Margin	20.92%	5.34%	5.33%	38.36%	-47.38%	-51.62%
Free Cash Flow Per Share	0.49	0.13	0.12	0.84	-1.08	-1.00
Cash Income Tax Paid	266.11	243.08	198.71	178.15	-38.04	114.63
Levered Free Cash Flow	36.51	-522.28	-968.08	-355.8	61.98	-909.62
Unlevered Free Cash Flow	180.19	-361.61	-804.01	-161.91	162.06	-833.07
Change in Working Capital	-577.65	-577.65	-532.86	-81.95	-414.58	-101.27

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