SHA:688139 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	366.63	406.07	600.79	845.04
Depreciation & Amortization	109.2	103.44	64.18	50.95
Other Amortization	13.17	1.4	0.42	0.77
Loss (Gain) From Sale of Assets	-0.23	1.6	0.31	-
Asset Writedown & Restructuring Costs	1.86	5.31	0.45	1.85
Loss (Gain) From Sale of Investments	-29.26	-85.09	-67.71	-483.48
Provision & Write-off of Bad Debts	16.03	5.82	1.12	-3.86
Other Operating Activities	-5.71	-7.05	54.28	41.39
Change in Accounts Receivable	-173.74	52.35	-37.55	67.46
Change in Inventory	-68.72	38.34	76.78	-99.12
Change in Accounts Payable	76.51	-252.2	-72	124.42
Change in Other Net Operating Assets	-	-	3.9	53.01
Operating Cash Flow	291.67	249.26	632.43	591.8
Operating Cash Flow Growth	17.01%	-60.59%	6.87%	-15.05%
Capital Expenditures	-126.7	-177.18	-294.24	-204.69
Sale of Property, Plant & Equipment	0.82	1.35	0.16	20.92
Cash Acquisitions	-160.41	-214.99	-115.35	-
Divestitures	-	-	-	459.68
Investment in Securities	-521.03	573.19	66.02	-1,827
Other Investing Activities	16.11	70.38	92.24	49.21
Investing Cash Flow	-791.22	252.76	-251.17	-1,501
Short-Term Debt Issued	189.52	6	-	-
Total Debt Issued	189.52	6	-	-
Short-Term Debt Repaid	-198.59	-22.5	-5	-25
Long-Term Debt Repaid	-4.36	-5.87	-1.87	-1.71
Total Debt Repaid	-202.95	-28.37	-6.87	-26.71
Net Debt Issued (Repaid)	-13.43	-22.37	-6.87	-26.71
Issuance of Common Stock	-	-	36.89	-
Repurchase of Common Stock	-40.46	-1.67	-98.07	-
Common Dividends Paid	-163.09	-142.8	-162.46	-120.83
Other Financing Activities	-9.86	-1.46	24.27	11.52
Financing Cash Flow	-226.83	-168.3	-206.23	-136.01
Foreign Exchange Rate Adjustments	4.43	-8.24	8.9	-1.54
Net Cash Flow	-721.94	325.48	183.92	-1,047
Free Cash Flow	164.96	72.08	338.18	387.11
Free Cash Flow Growth	128.85%	-78.69%	-12.64%	-36.29%
Free Cash Flow Margin	7.22%	3.16%	11.81%	18.21%
Free Cash Flow Per Share	0.52	0.23	1.06	1.22
Cash Income Tax Paid	104.17	103.09	137.86	120.93
Levered Free Cash Flow	4.09	-221.96	225.74	168.55
Unlevered Free Cash Flow	6.22	-219.77	227.41	170.36
Change in Working Capital	-180.03	-182.24	-21.4	139.14

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