SHA:688166 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	189.17	202.47	239.62	243.95
Depreciation & Amortization	109.94	78.06	50.47	41.5
Other Amortization	10.66	10.54	11.09	10.83
Loss (Gain) From Sale of Assets	-	-	-0.01	-0.01
Asset Writedown & Restructuring Costs	8.39	1.75	1.57	0.26
Loss (Gain) From Sale of Investments	11.97	12.41	-3	-10.02
Provision & Write-off of Bad Debts	11.57	0.9	-2.23	10.11
Other Operating Activities	20.46	37.19	-1.08	8.27
Change in Accounts Receivable	-149.93	-17.85	4.96	-241.94
Change in Inventory	-35.55	-85.77	-94.94	-6.25
Change in Accounts Payable	84.4	-23.61	130.2	116.92
Change in Other Net Operating Assets	15.75	-2.96	-21.31	4.16
Operating Cash Flow	245.56	194.77	311.26	176.08
Operating Cash Flow Growth	26.08%	-37.43%	76.78%	13.28%
Capital Expenditures	-257.2	-403.76	-726.73	-909.66
Sale of Property, Plant & Equipment	0.3	0.48	0.38	0.05
Cash Acquisitions	-	-	0.01	-7.5
Investment in Securities	-228.61	-64.24	-153.38	8.64
Other Investing Activities	45.37	31.26	18.24	18.64
Investing Cash Flow	-440.14	-439.85	-871.58	-889.84
Long-Term Debt Issued	823.08	678.23	1,646	882.2
Total Debt Issued	823.08	678.23	1,646	882.2
Long-Term Debt Repaid	-804.81	-569.61	-474.12	-210.88
Total Debt Repaid	-804.81	-569.61	-474.12	-210.88
Net Debt Issued (Repaid)	18.27	108.62	1,172	671.32
Issuance of Common Stock	-	-	219.81	-
Repurchase of Common Stock	-10.01	-	-	-
Common Dividends Paid	-135.73	-115.01	-100.1	-54.3
Other Financing Activities	103	68	73	86.7
Financing Cash Flow	-24.47	61.61	1,365	703.72
Foreign Exchange Rate Adjustments	2.12	2.78	14.15	3.72
Net Cash Flow	-216.94	-180.69	818.52	-6.32
Free Cash Flow	-11.64	-209	-415.47	-733.59
Free Cash Flow Margin	-0.91%	-17.72%	-40.84%	-69.71%
Free Cash Flow Per Share	-0.03	-0.49	-1.01	-1.80
Cash Income Tax Paid	25.46	29.42	-17.03	-7.18
Levered Free Cash Flow	-65.73	-316.64	-515.42	-785.87
Unlevered Free Cash Flow	-32.96	-288.87	-500.6	-779.81
Change in Working Capital	-116.59	-148.54	14.83	-128.81

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