SHA:688425 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	1,508	1,593	1,844	1,735
Depreciation & Amortization	883.63	802.55	695.07	586.13
Other Amortization	5.19	-	-	-
Loss (Gain) From Sale of Assets	-1.11	-	-	0.09
Asset Writedown & Restructuring Costs	28.66	0.32	0.09	-
Loss (Gain) From Sale of Investments	-189.31	-237.33	-213.28	-187.75
Provision & Write-off of Bad Debts	22.66	74.2	35.32	20.43
Other Operating Activities	64.4	71.2	63.62	89.83
Change in Accounts Receivable	284.75	-879.3	-184.12	-1,450
Change in Inventory	-765.44	-58.92	-1,060	-1,222
Change in Accounts Payable	209.54	-669.32	-121.3	-1,053
Operating Cash Flow	2,045	703.53	1,071	-1,484
Operating Cash Flow Growth	190.62%	-34.29%	-	-
Capital Expenditures	-273.25	-1,630	-892.97	-476.26
Sale of Property, Plant & Equipment	0.56	0.04	0	-
Investment in Securities	-6.8	-1.32	-	-
Other Investing Activities	-	-	-	62.75
Investing Cash Flow	-279.49	-1,631	-892.97	-413.51
Long-Term Debt Issued	2,620	3,560	2,953	3,181
Long-Term Debt Repaid	-2,577	-3,115	-3,011	-4,079
Net Debt Issued (Repaid)	43.25	445.47	-57.5	-897.88
Issuance of Common Stock	-	-	-	4,174
Common Dividends Paid	-539.35	-628.91	-588.22	-86.06
Other Financing Activities	-	-	2.66	-
Financing Cash Flow	-496.1	-183.44	-643.06	3,190
Foreign Exchange Rate Adjustments	-4.43	3.38	13.58	1.77
Net Cash Flow	1,265	-1,108	-451.73	1,294
Free Cash Flow	1,771	-926.48	177.75	-1,960
Free Cash Flow Margin	17.63%	-9.24%	1.76%	-20.60%
Free Cash Flow Per Share	0.33	-0.17	0.03	-0.43
Cash Income Tax Paid	381.88	489.69	707.52	488.52
Levered Free Cash Flow	1,329	-665.91	-494.9	-1,107
Unlevered Free Cash Flow	1,366	-619.4	-455.19	-1,051
Change in Working Capital	-277.46	-1,601	-1,354	-3,728

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.