SHA:688526 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	382.35	395.93	409.52	570.74
Depreciation & Amortization	109.5	114.27	97.69	62.64
Other Amortization	0.33	0.23	-	-
Loss (Gain) From Sale of Assets	0.33	0.09	-	-
Asset Writedown & Restructuring Costs	3.31	1.72	-1.29	1.57
Loss (Gain) From Sale of Investments	-37.6	-9.34	-6.65	-5.13
Provision & Write-off of Bad Debts	11.88	84.47	23.49	7.85
Other Operating Activities	-33.46	-36.09	-41.45	-52.19
Change in Accounts Receivable	-20.4	-19.85	-134.36	-118.72
Change in Inventory	6.43	8.81	-67.96	-38.5
Change in Accounts Payable	-34.07	15.15	121.36	77.77
Change in Other Net Operating Assets	-	-	6.74	9.07
Operating Cash Flow	392.68	538.03	423.71	531.27
Operating Cash Flow Growth	-27.02%	26.98%	-20.25%	32.77%
Capital Expenditures	-106.94	-104.5	-102.85	-374.45
Sale of Property, Plant & Equipment	2.59	0.18	0.08	-
Cash Acquisitions	-	-4.05	-8.46	-
Investment in Securities	161.16	-281.45	-582.14	12
Other Investing Activities	39.78	60.83	56.24	31.35
Investing Cash Flow	96.59	-329	-637.13	-331.1
Long-Term Debt Issued	97	236.5	271.5	78
Total Debt Issued	97	236.5	271.5	78
Long-Term Debt Repaid	-385.09	-222.84	-78.84	-60.01
Net Debt Issued (Repaid)	-288.09	13.66	192.66	17.99
Issuance of Common Stock	-	-	14.84	1.86
Repurchase of Common Stock	-35.29	-	-	-
Common Dividends Paid	-204.58	-97.09	-93.48	-136.82
Other Financing Activities	24.79	-19	-0.5	-4.22
Financing Cash Flow	-503.18	-102.43	113.52	-121.18
Foreign Exchange Rate Adjustments	0.02	0.05	-	-
Net Cash Flow	-13.89	106.67	-99.89	78.99
Free Cash Flow	285.74	433.53	320.86	156.82
Free Cash Flow Growth	-34.09%	35.12%	104.60%	-45.65%
Free Cash Flow Margin	30.34%	40.74%	32.05%	14.22%
Free Cash Flow Per Share	0.61	0.93	0.69	0.34
Cash Income Tax Paid	109.85	98.3	96.75	86.87
Levered Free Cash Flow	438.28	38.93	134.02	-1.1
Unlevered Free Cash Flow	441.27	44.03	137.43	0.04
Change in Working Capital	-43.96	-13.26	-57.58	-54.22

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