SHA:688275 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	-870.37	-1,504	958.7	352.59
Depreciation & Amortization	626.16	427.92	194.84	76.14
Other Amortization	16.25	3.81	1.9	1.18
Loss (Gain) From Sale of Assets	-0.28	0.07	-3.38	0.01
Asset Writedown & Restructuring Costs	56.95	84.92	-0	43.59
Loss (Gain) From Sale of Investments	11.98	-3.43	-13.03	-14.6
Provision & Write-off of Bad Debts	55.28	-55.09	91.26	-
Other Operating Activities	385.37	853.56	398.19	21.59
Change in Accounts Receivable	1,668	-1,176	-4,447	-1,786
Change in Inventory	-344.35	1,013	-2,433	-200.14
Change in Accounts Payable	132.19	-1,140	2,719	1,149
Change in Other Net Operating Assets	0.03	2.99	3.7	5.55
Operating Cash Flow	1,573	-1,558	-2,551	-365.97
Capital Expenditures	-1,024	-4,052	-2,600	-492.82
Sale of Property, Plant & Equipment	0.4	0.04	4.87	2.02
Investment in Securities	-278.71	573.68	-1,605	7.52
Other Investing Activities	27.46	527.55	-466.03	-4.98
Investing Cash Flow	-1,274	-2,951	-4,666	-390.88
Short-Term Debt Issued	1,051	716.87	-	-
Long-Term Debt Issued	3,492	6,775	5,152	1,103
Total Debt Issued	4,544	7,491	5,152	1,103
Short-Term Debt Repaid	-1,051	-28.9	-	-
Long-Term Debt Repaid	-3,945	-3,682	-1,205	-302.74
Total Debt Repaid	-4,996	-3,711	-1,205	-302.74
Net Debt Issued (Repaid)	-452.1	3,780	3,946	799.96
Issuance of Common Stock	-	-	6,177	130
Repurchase of Common Stock	-74.73	-44.94	-	-
Common Dividends Paid	-258.26	-525.68	-75.72	-12.56
Other Financing Activities	10	-6	-106.51	2.35
Financing Cash Flow	-775.09	3,204	9,941	919.76
Foreign Exchange Rate Adjustments	2.06	-3.69	-	-
Net Cash Flow	-474.21	-1,309	2,724	162.9
Free Cash Flow	549.67	-5,610	-5,151	-858.79
Free Cash Flow Margin	7.31%	-46.08%	-41.70%	-38.52%
Free Cash Flow Per Share	4.42	-44.51	-50.29	-9.31
Cash Interest Paid	-	-	2.3	-
Cash Income Tax Paid	-408.21	-231.4	261.12	40.62
Levered Free Cash Flow	-226.26	-5,875	-1,821	-127.95
Unlevered Free Cash Flow	-58.12	-5,730	-1,762	-114.84
Change in Working Capital	1,368	-1,471	-4,179	-846.46

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