SHA:688122 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	800.79	752.37	1,080	741.48
Depreciation & Amortization	165.99	143.58	124.07	108.9
Other Amortization	1.7	-	0.23	0.3
Loss (Gain) From Sale of Assets	-0.01	0.16	0.07	-3.01
Asset Writedown & Restructuring Costs	-0.41	3.37	-0.73	1.18
Loss (Gain) From Sale of Investments	-30.86	-43.09	-24.19	-19.23
Provision & Write-off of Bad Debts	45.82	25.2	4.61	10.68
Other Operating Activities	181.01	82.8	99.17	61.58
Change in Accounts Receivable	-936.72	136.62	-807.42	-570.61
Change in Inventory	-541.1	-984.77	-795.99	-497.74
Change in Accounts Payable	807.53	52.34	614.9	401.68
Change in Other Net Operating Assets	-	-	-	0.05
Operating Cash Flow	446.42	161.57	298.37	227.17
Operating Cash Flow Growth	176.29%	-45.85%	31.34%	-
Capital Expenditures	-352.38	-409.27	-661.96	-287.85
Sale of Property, Plant & Equipment	0.66	0.92	1.45	0.94
Investment in Securities	299.8	-17.42	-1,080	180.69
Other Investing Activities	31.52	42.36	29.94	8.1
Investing Cash Flow	-20.41	-383.4	-1,710	-98.13
Long-Term Debt Issued	1,220	1,854	2,257	1,544
Long-Term Debt Repaid	-1,279	-1,574	-1,231	-1,347
Net Debt Issued (Repaid)	-58.48	279.86	1,026	197
Issuance of Common Stock	-	-	-	1,983
Common Dividends Paid	-516.52	-531.77	-517.87	-221.76
Dividends Paid	-516.52	-531.77	-517.87	-221.76
Other Financing Activities	138.06	23.06	234.86	-0.04
Financing Cash Flow	-436.94	-228.85	742.88	1,958
Foreign Exchange Rate Adjustments	3.19	1.74	6.11	-2.06
Net Cash Flow	-7.74	-448.94	-662.85	2,085
Free Cash Flow	94.03	-247.69	-363.59	-60.68
Free Cash Flow Margin	2.04%	-5.96%	-8.60%	-2.07%
Free Cash Flow Per Share	0.14	-0.38	-0.56	-0.10
Cash Income Tax Paid	188.03	132.41	268.7	241.62
Levered Free Cash Flow	-94.48	-680.31	-727.8	-255.65
Unlevered Free Cash Flow	-57.17	-638.18	-691.78	-227.84
Change in Working Capital	-717.61	-802.83	-984.76	-674.72

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