SHA:688128 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	467.05	410.09	363.31	315.06
Depreciation & Amortization	151.59	133.45	111.91	100.39
Other Amortization	12.59	9.75	9.78	6.79
Loss (Gain) From Sale of Assets	-0.92	-0.05	0.05	0.01
Asset Writedown & Restructuring Costs	0.6	2.17	1.26	0.81
Loss (Gain) From Sale of Investments	-13.22	-11.4	5.49	-21.17
Provision & Write-off of Bad Debts	55.32	40.28	27.9	15.54
Other Operating Activities	29.87	3.51	-0.55	4.52
Change in Accounts Receivable	-139.87	-147.13	-1,556	-555.05
Change in Inventory	226.04	-932.55	-683.25	-408.74
Change in Accounts Payable	-261.36	898.85	2,425	639.16
Operating Cash Flow	528.4	400.05	705.59	108.11
Operating Cash Flow Growth	32.08%	-43.30%	552.67%	-71.61%
Capital Expenditures	-213.68	-243.32	-182.06	-146.64
Sale of Property, Plant & Equipment	-	0.27	0.17	0.32
Investment in Securities	45.33	-60	1.7	-11.07
Other Investing Activities	6.16	8.94	11.77	21.23
Investing Cash Flow	-162.2	-294.11	-168.43	-136.16
Short-Term Debt Issued	18	18	33.5	33.35
Long-Term Debt Issued	-	-	-	2.42
Total Debt Issued	18	18	33.5	35.78
Short-Term Debt Repaid	-18.5	-33.45	-30.96	-37.28
Long-Term Debt Repaid	-21.44	-26.2	-28.32	-25.47
Total Debt Repaid	-39.94	-59.65	-59.28	-62.74
Net Debt Issued (Repaid)	-21.94	-41.65	-25.78	-26.97
Repurchase of Common Stock	-10.78	-0	-	-
Common Dividends Paid	-182.45	-162.55	-142.72	-123.86
Other Financing Activities	-	3.15	-	0.58
Financing Cash Flow	-215.17	-201.05	-168.5	-150.25
Foreign Exchange Rate Adjustments	0.4	0.35	2.39	-1.08
Net Cash Flow	151.43	-94.75	371.05	-179.37
Free Cash Flow	314.72	156.73	523.53	-38.53
Free Cash Flow Growth	100.80%	-70.06%	-	-
Free Cash Flow Margin	6.96%	3.76%	13.80%	-1.13%
Free Cash Flow Per Share	0.78	0.39	1.30	-0.10
Cash Interest Paid	1.4	2.72	9.71	-
Cash Income Tax Paid	121.24	104.01	76.39	71.41
Levered Free Cash Flow	75.52	122.45	308.7	-238.29
Unlevered Free Cash Flow	77.89	125.07	314.39	-233.72
Change in Working Capital	-174.49	-187.75	186.43	-313.84

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