SHA:688111 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	1,645	1,318	1,118	1,041
Depreciation & Amortization	102.68	115.86	123.35	92.23
Other Amortization	12.17	8.66	7	3.31
Loss (Gain) From Sale of Assets	-0.18	-5.24	-0.16	-0.19
Asset Writedown & Restructuring Costs	-	-0.09	-0.02	-
Loss (Gain) From Sale of Investments	-347.01	-218.33	-287.9	-203.69
Provision & Write-off of Bad Debts	15.88	16.2	-1.93	11.7
Other Operating Activities	22.42	14.86	29.17	33.19
Change in Accounts Receivable	15.77	-104.25	-107.99	-52.51
Change in Inventory	0.61	-0.23	1.14	-0.95
Change in Accounts Payable	512.79	698.89	545.37	843.98
Change in Other Net Operating Assets	202.94	212.74	168.54	97.66
Operating Cash Flow	2,196	2,058	1,603	1,864
Operating Cash Flow Growth	6.71%	28.36%	-14.02%	23.10%
Capital Expenditures	-174.99	-165.85	-175.96	-148.85
Sale of Property, Plant & Equipment	0.37	0.31	0.07	0.14
Investment in Securities	-4,361	-5,171	4,444	-1,422
Other Investing Activities	261.86	126.82	228.12	206.89
Investing Cash Flow	-4,274	-5,210	4,502	-1,364
Long-Term Debt Repaid	-56.31	-69.73	-41.69	-20.73
Net Debt Issued (Repaid)	-56.31	-69.73	-41.69	-20.73
Issuance of Common Stock	62.05	21.92	9.87	-
Repurchase of Common Stock	-100.03	-	-	-
Common Dividends Paid	-406.29	-336.73	-322.7	-276.6
Other Financing Activities	-	-	0.17	50
Financing Cash Flow	-500.58	-384.54	-354.35	-247.33
Foreign Exchange Rate Adjustments	-0.15	-2.03	11.05	-1.81
Net Cash Flow	-2,579	-3,539	5,762	251.25
Free Cash Flow	2,021	1,892	1,427	1,715
Free Cash Flow Growth	6.81%	32.57%	-16.82%	17.57%
Free Cash Flow Margin	39.46%	41.52%	36.73%	52.30%
Free Cash Flow Per Share	4.37	4.09	3.09	3.72
Cash Income Tax Paid	387.22	290.32	251.68	251.55
Levered Free Cash Flow	1,332	1,175	1,001	1,325
Unlevered Free Cash Flow	1,338	1,181	1,008	1,328
Change in Working Capital	744.53	807.89	615.89	886.49

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