SHA:900942 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	283.6	315.01	422.91	-130.41	43.47	-46.37
Depreciation & Amortization	196.07	196.07	182.15	187.68	153.84	115.59
Other Amortization	69.24	69.24	63.05	71.81	46.6	39.38
Loss (Gain) From Sale of Assets	-0.12	-0.12	-0.03	0.04	-0.17	0.03
Asset Writedown & Restructuring Costs	6.18	6.18	8.6	0.17	-1.15	12.7
Loss (Gain) From Sale of Investments	21.7	21.7	-26.13	-68.98	-106.86	-66.71
Provision & Write-off of Bad Debts	-0.5	-0.5	0.35	0.22	-6.31	2.54
Other Operating Activities	149.82	25.26	29.32	-5.65	-0.58	-17.63
Change in Accounts Receivable	-30.89	-30.89	-11.9	9.56	2.17	24.01
Change in Inventory	-71.2	-71.2	-71.49	-67.54	-5.99	0.19
Change in Accounts Payable	4.11	4.11	89.44	53.52	-45.68	-12.77
Operating Cash Flow	614.82	521.66	722.89	21.34	93.83	-1.04
Operating Cash Flow Growth	32.56%	-27.84%	3288.15%	-77.26%	-	-
Capital Expenditures	-513.3	-251.32	-214.54	-156.36	-277.71	-208.73
Sale of Property, Plant & Equipment	2.53	2.45	0.46	4.63	3.47	0.39
Cash Acquisitions	-0.43	-0.43	-6.36	4.73	-0.43	-18.31
Divestitures	-	-	-	-	-0.98	-
Investment in Securities	775.11	-32.02	-12.32	-103.96	-264.44	531.06
Other Investing Activities	21.55	32.51	33.12	37.75	320.4	-66.36
Investing Cash Flow	285.46	-248.81	-199.64	-213.21	-219.68	238.05
Long-Term Debt Issued	-	-	1.5	44.87	5.8	7
Long-Term Debt Repaid	-	-189.27	-45.27	-32.52	-41.81	-2.9
Net Debt Issued (Repaid)	-32.05	-189.27	-43.77	12.35	-36.01	4.1
Common Dividends Paid	-130.95	-160.61	-7.72	-76.71	-0.2	-79.18
Other Financing Activities	-11.32	-83.44	-82.37	0.29	22.95	9.4
Financing Cash Flow	-174.32	-433.33	-133.86	-64.07	-13.26	-65.69
Foreign Exchange Rate Adjustments	0	0	0	0	-0	0
Net Cash Flow	725.96	-160.48	389.4	-255.94	-139.11	171.33
Free Cash Flow	101.52	270.34	508.36	-135.02	-183.87	-209.76
Free Cash Flow Growth	-61.43%	-46.82%	-	-	-	-
Free Cash Flow Margin	4.94%	14.00%	26.35%	-16.88%	-20.54%	-28.31%
Free Cash Flow Per Share	0.14	0.37	0.70	-0.19	-0.25	-0.27
Cash Income Tax Paid	262.88	267.36	186.75	41.84	118.47	80.14
Levered Free Cash Flow	617.8	703.09	336.79	-287.8	-112.06	-80.2
Unlevered Free Cash Flow	626.75	711.88	344.72	-280.56	-105.88	-80.16
Change in Working Capital	-111.18	-111.18	42.68	-33.55	-35.01	-40.56

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