SHA:605169 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	100.62	173.12	153.13	160.7	200.08	123.71
Depreciation & Amortization	127.69	127.69	92.84	75.68	52.62	45.8
Other Amortization	4.07	4.07	1.19	1.22	0.26	0.02
Loss (Gain) on Sale of Assets	-4.5	-4.5	-0.84	-0.07	-0.11	-0.07
Loss (Gain) on Sale of Investments	0.56	0.56	0.18	0.89	-5.93	-2.72
Asset Writedown	-0.02	-0.02	1.91	2.12	1.16	1.63
Change in Accounts Receivable	-38.72	-38.72	-16.78	-14.45	-32.82	-5.87
Change in Inventory	2.95	2.95	-24.53	-5.97	-0.09	-0.21
Change in Accounts Payable	-3.05	-3.05	52.51	-5.53	31.6	1.46
Other Operating Activities	124.51	9.72	10.27	9.21	11.7	8.52
Operating Cash Flow	317.43	275.14	271.13	228.33	266.59	174.72
Operating Cash Flow Growth	27.65%	1.48%	18.74%	-14.35%	52.58%	-38.61%
Capital Expenditures	-119.35	-157.48	-181.86	-326.87	-360.82	-152.76
Sale of Property, Plant & Equipment	3.99	4.4	0.04	0.07	0.11	0.44
Investment in Securities	-	-	-	-	4.84	-
Other Investing Activities	-	0.07	-	0.07	-	0.3
Investing Cash Flow	-115.36	-153	-181.83	-326.73	-355.86	-152.02
Long-Term Debt Issued	-	158.27	144.7	143.32	131.11	80
Total Debt Issued	94.27	158.27	144.7	143.32	131.11	80
Long-Term Debt Repaid	-	-172.98	-127.6	-94.19	-88.58	-76.43
Total Debt Repaid	-178.85	-172.98	-127.6	-94.19	-88.58	-76.43
Net Debt Issued (Repaid)	-84.58	-14.71	17.1	49.13	42.53	3.57
Issuance of Common Stock	-	-	-	-	-	849.03
Repurchase of Common Stock	-23.03	-23.03	-	-	-	-
Common Dividends Paid	-75.17	-64.13	-66.56	-114.61	-102.77	-5.79
Other Financing Activities	-2.3	-1.15	-4.7	-	-0.4	-10.89
Financing Cash Flow	-185.08	-103.02	-54.16	-65.48	-60.64	835.93
Net Cash Flow	16.99	19.12	35.14	-163.87	-149.92	858.63
Free Cash Flow	198.08	117.66	89.26	-98.54	-94.23	21.96
Free Cash Flow Growth	89.60%	31.81%	-	-	-	-84.36%
Free Cash Flow Margin	6.43%	4.28%	4.74%	-6.87%	-7.82%	2.75%
Free Cash Flow Per Share	0.71	0.42	0.32	-0.35	-0.33	0.10
Cash Income Tax Paid	78.03	71.9	74.4	82.87	75.5	47.93
Levered Free Cash Flow	73.93	-18.83	17.05	-126.17	-83.18	26.65
Unlevered Free Cash Flow	77.13	-13.48	21.7	-122.13	-79.52	28.53
Change in Working Capital	-37.73	-37.73	11.68	-26.82	-0.57	-4.82

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