SHA:688396 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	762.46	1,479	2,617	2,268
Depreciation & Amortization	1,140	986.23	890.97	777.5
Other Amortization	37.74	18.21	21.73	29.78
Loss (Gain) From Sale of Assets	4.09	4.94	-4.97	-0.78
Asset Writedown & Restructuring Costs	16.43	6.02	48.26	9.74
Loss (Gain) From Sale of Investments	418.21	-78.77	-210.18	-111.81
Provision & Write-off of Bad Debts	-0.95	-2.09	-1.24	0.92
Other Operating Activities	13.18	53.95	-40.91	21.82
Change in Accounts Receivable	-409.4	-503.29	-595.74	83.74
Change in Inventory	-165.26	-73.28	-349.78	-253.8
Change in Accounts Payable	229.15	-298.35	621.29	614.22
Change in Other Net Operating Assets	19.59	133.93	100.69	-
Operating Cash Flow	2,036	1,738	3,058	3,454
Operating Cash Flow Growth	17.17%	-43.18%	-11.47%	88.55%
Capital Expenditures	-1,569	-5,205	-2,135	-1,266
Sale of Property, Plant & Equipment	18.17	11.17	65.08	4.22
Cash Acquisitions	-109.37	-42.15	-78.7	-
Investment in Securities	-2,415	-42.69	61.12	-682.06
Other Investing Activities	28.52	-1,127	31.94	41.35
Investing Cash Flow	-4,046	-6,405	-2,056	-1,902
Long-Term Debt Issued	33.79	1,060	847.99	142.38
Total Debt Issued	33.79	1,060	847.99	142.38
Long-Term Debt Repaid	-1,001	-75.82	-977.44	-1,025
Net Debt Issued (Repaid)	-966.92	983.69	-129.45	-882.16
Issuance of Common Stock	115.53	-	-	4,990
Common Dividends Paid	-191.37	-326.97	-253.48	-122.32
Other Financing Activities	-1.05	2,995	672.53	-1,097
Financing Cash Flow	-1,044	3,651	289.6	2,889
Foreign Exchange Rate Adjustments	0.21	53.06	163.22	-40.45
Net Cash Flow	-3,054	-962.94	1,456	4,400
Free Cash Flow	467.4	-3,467	923.28	2,189
Free Cash Flow Growth	-	-	-57.82%	73.78%
Free Cash Flow Margin	4.62%	-35.02%	9.18%	23.66%
Free Cash Flow Per Share	0.35	-2.62	0.70	1.70
Cash Income Tax Paid	390.64	393.22	452.09	490.26
Levered Free Cash Flow	-258.51	-4,007	272.42	1,167
Unlevered Free Cash Flow	-231.66	-3,966	292.67	1,184
Change in Working Capital	-354.87	-730.1	-262.72	459.34

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