SHA:688172 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	-178.12	452.29	462.13	550.44
Depreciation & Amortization	451.53	353.1	300.76	247.4
Other Amortization	7.52	0.32	0.44	0.28
Loss (Gain) From Sale of Assets	-31.75	-21.59	-20.46	-57.24
Asset Writedown & Restructuring Costs	1.08	0.02	1.2	4.58
Loss (Gain) From Sale of Investments	-17.44	-13.84	-8.28	-8.91
Provision & Write-off of Bad Debts	30.81	13.79	14.02	-4.55
Other Operating Activities	208.71	32.49	129.51	100.09
Change in Accounts Receivable	-86.77	-507.83	-120.32	-254.41
Change in Inventory	-162.77	106.56	-292.79	-353.77
Change in Accounts Payable	206.43	24.74	326.06	178.12
Operating Cash Flow	318.68	402.77	796.39	441.61
Operating Cash Flow Growth	-20.88%	-49.43%	80.34%	13.86%
Capital Expenditures	-3,573	-2,369	-2,151	-784.28
Sale of Property, Plant & Equipment	165.7	38.73	10.91	201.78
Investment in Securities	1,942	-2,136	-50	9.93
Other Investing Activities	28.67	-	1.1	0.32
Investing Cash Flow	-1,436	-4,467	-2,189	-572.25
Long-Term Debt Issued	123.14	84.14	199.7	618.73
Long-Term Debt Repaid	-963.28	-206.31	-187.4	-155.23
Total Debt Repaid	-963.28	-206.31	-187.4	-155.23
Net Debt Issued (Repaid)	-840.14	-122.17	12.3	463.5
Issuance of Common Stock	25.28	-	3,771	4,500
Common Dividends Paid	-76.64	-25.11	-43.39	-42.81
Other Financing Activities	6,391	-9.1	-	-
Financing Cash Flow	5,499	-156.38	3,740	4,921
Foreign Exchange Rate Adjustments	-4.47	0.17	0.66	-0.19
Net Cash Flow	4,377	-4,220	2,349	4,790
Free Cash Flow	-3,254	-1,967	-1,354	-342.67
Free Cash Flow Margin	-190.91%	-92.47%	-62.27%	-16.84%
Free Cash Flow Per Share	-2.74	-1.65	-1.32	-0.49
Cash Income Tax Paid	-117.36	74.41	-166.42	105.74
Levered Free Cash Flow	-1,562	-2,153	-1,604	-776.5
Unlevered Free Cash Flow	-1,544	-2,137	-1,586	-771.41
Change in Working Capital	-153.66	-413.83	-82.91	-390.49

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