SHA:688097 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	398.39	390.41	331.42	193.33
Depreciation & Amortization	96.51	93.15	84.68	61.58
Other Amortization	13.7	10.2	8.58	5.44
Loss (Gain) From Sale of Assets	0.55	-0.91	-1.1	-0.17
Asset Writedown & Restructuring Costs	0.1	0	0.35	28.59
Loss (Gain) From Sale of Investments	-8.57	-5.05	2.92	0.16
Provision & Write-off of Bad Debts	64.38	47.99	25.8	36.03
Other Operating Activities	99.82	93.38	71.94	46.51
Change in Accounts Receivable	-1,103	-539.42	-406.55	-245.02
Change in Inventory	-338.14	359.35	-738.62	-1,006
Change in Accounts Payable	1,028	-441.75	540.64	277.35
Change in Other Net Operating Assets	81.67	-53.34	67.37	28.14
Operating Cash Flow	318.78	-56.64	-7.14	-589.39
Capital Expenditures	-194.18	-100.65	-131.31	-268.96
Sale of Property, Plant & Equipment	5.02	6.95	6.01	0.4
Divestitures	-50.36	-	-	-
Investment in Securities	-0.54	-116.59	-48.93	-28.2
Other Investing Activities	5.36	6.94	0.49	1.03
Investing Cash Flow	-234.71	-203.36	-172.93	-295.72
Long-Term Debt Issued	1,385	1,165	1,668	1,608
Long-Term Debt Repaid	-1,584	-1,039	-1,525	-1,341
Net Debt Issued (Repaid)	-199.2	125.22	142.53	267.07
Issuance of Common Stock	51.95	60.8	988.71	430.32
Repurchase of Common Stock	-60.14	-51	-	-
Common Dividends Paid	-157.51	-48.13	-50.76	-37.31
Other Financing Activities	6.22	-	2.47	-15.26
Financing Cash Flow	-358.68	86.89	1,083	644.83
Foreign Exchange Rate Adjustments	9.98	10.99	37.23	-12.64
Net Cash Flow	-264.64	-162.12	940.1	-252.92
Free Cash Flow	124.59	-157.29	-138.45	-858.35
Free Cash Flow Margin	2.51%	-3.25%	-2.88%	-22.43%
Free Cash Flow Per Share	0.28	-0.35	-0.34	-2.23
Cash Income Tax Paid	124.96	208.98	71.22	-15.52
Levered Free Cash Flow	-182.99	-342.69	-408.36	-945.07
Unlevered Free Cash Flow	-141.51	-307.88	-375.08	-923.56
Change in Working Capital	-346.11	-685.8	-531.73	-960.87

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