SHA:688400 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	107.07	163.93	187.67	171.86
Depreciation & Amortization	71.13	67.72	46.15	34.15
Other Amortization	18.41	8.39	6.61	4.45
Loss (Gain) From Sale of Assets	0.31	-4.77	-0.01	-0.06
Asset Writedown & Restructuring Costs	0.04	0.16	0.22	0
Loss (Gain) From Sale of Investments	-24.36	-45.28	13.11	-4.05
Provision & Write-off of Bad Debts	7.92	-1.03	32.63	18.87
Other Operating Activities	-27.13	-45.14	-10.25	12.36
Change in Accounts Receivable	569.36	162.15	-503.77	-367.42
Change in Inventory	-1.07	58.83	-92.62	-161.13
Change in Accounts Payable	-498.83	-60.42	207.78	122.91
Change in Other Net Operating Assets	-	-	6.77	39.94
Operating Cash Flow	190.98	272.82	-165.35	-141.38
Operating Cash Flow Growth	-30.00%	-	-	-
Capital Expenditures	-280.64	-131.59	-124.36	-81.19
Sale of Property, Plant & Equipment	0.27	4.73	0.02	0.16
Cash Acquisitions	-	-1.11	-	-
Divestitures	-	28.15	-	-
Investment in Securities	156.37	-319.88	-1,344	-20
Other Investing Activities	0.95	2.16	0.3	3.94
Investing Cash Flow	-123.05	-417.55	-1,468	-93.98
Long-Term Debt Issued	534.3	37.48	241.55	184.24
Long-Term Debt Repaid	-121.5	-75.76	-427.21	-48.6
Net Debt Issued (Repaid)	412.8	-38.28	-185.66	135.64
Issuance of Common Stock	-	-	2,123	-
Repurchase of Common Stock	-152.57	-27.45	-	-
Common Dividends Paid	-26.72	-58.33	-8.12	-30.56
Other Financing Activities	0.4	0.23	-47.58	-2.61
Financing Cash Flow	233.91	-123.84	1,881	102.47
Foreign Exchange Rate Adjustments	-5.35	-0	14.5	-2.12
Net Cash Flow	296.48	-268.57	262.59	-135
Free Cash Flow	-89.67	141.23	-289.71	-222.57
Free Cash Flow Margin	-4.01%	5.35%	-10.54%	-9.14%
Free Cash Flow Per Share	-0.19	0.30	-0.71	-0.62
Cash Income Tax Paid	63.96	23.93	62.71	92
Levered Free Cash Flow	-206.55	119.74	-369.66	-317.63
Unlevered Free Cash Flow	-203.1	121.07	-363.46	-314.06
Change in Working Capital	37.58	128.84	-441.46	-378.96

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