SHA:688403 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	159.76	195.99	177.22	140.32
Depreciation & Amortization	365.35	281.72	216.47	171.36
Other Amortization	3.22	-	-	-
Loss (Gain) From Sale of Assets	-6.55	-3.35	-14.73	-3.31
Asset Writedown & Restructuring Costs	0.21	0.73	0.69	10.19
Loss (Gain) From Sale of Investments	-8.05	-15.13	-4.22	-
Provision & Write-off of Bad Debts	2.24	6.4	-3.39	-
Other Operating Activities	33.64	10.44	26.29	22.89
Change in Accounts Receivable	-97.77	-166.13	125.54	-17.47
Change in Inventory	-66.78	-41.47	-49.46	-55.32
Change in Accounts Payable	81.26	49.86	118.02	16.8
Change in Other Net Operating Assets	34.19	32.81	12.05	9.93
Operating Cash Flow	500.86	351.46	601.14	295.4
Operating Cash Flow Growth	42.51%	-41.53%	103.50%	95.51%
Capital Expenditures	-583.54	-1,188	-582.62	-396.33
Sale of Property, Plant & Equipment	12.76	5.89	23.16	10.41
Investment in Securities	-681.67	620	-820	-
Other Investing Activities	3.68	12.21	2.01	-
Investing Cash Flow	-1,249	-550.08	-1,377	-385.91
Short-Term Debt Issued	1,541	185.42	383.5	-
Long-Term Debt Issued	-	-	-	544.99
Total Debt Issued	1,541	185.42	383.5	544.99
Short-Term Debt Repaid	-581.57	-	-827.64	-
Long-Term Debt Repaid	-2.82	-2.87	-1.8	-535.5
Total Debt Repaid	-584.39	-2.87	-829.44	-535.5
Net Debt Issued (Repaid)	956.34	182.56	-445.94	9.49
Issuance of Common Stock	20.55	-	1,351	99.95
Repurchase of Common Stock	-99.98	-	-	-
Common Dividends Paid	-90.18	-0.73	-15.35	-17.57
Other Financing Activities	-1.53	-2.83	-34.21	-1.89
Financing Cash Flow	785.21	179	855.94	89.98
Foreign Exchange Rate Adjustments	5.1	0.49	3.29	-2.62
Net Cash Flow	42.4	-19.14	82.92	-3.16
Free Cash Flow	-82.67	-836.73	18.53	-100.93
Free Cash Flow Margin	-5.51%	-67.57%	1.97%	-12.68%
Free Cash Flow Per Share	-0.10	-0.98	0.03	-0.15
Cash Income Tax Paid	-60.28	-56.48	-111.91	-15
Levered Free Cash Flow	-251.61	-948.95	-123.45	-179.22
Unlevered Free Cash Flow	-237.44	-948.95	-117.99	-179.05
Change in Working Capital	-48.95	-125.33	202.82	-46.05

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