Shandong Sunpaper 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	3,101	3,086	2,809	2,929
Depreciation & Amortization	2,357	2,159	2,050	1,759
Other Amortization	31.12	24.25	61.92	12.2
Loss (Gain) From Sale of Assets	170.63	-0.37	8.18	-0.31
Asset Writedown & Restructuring Costs	29.73	54.18	28.67	33.72
Loss (Gain) From Sale of Investments	-32.91	-38.38	-11.03	-38.98
Provision & Write-off of Bad Debts	16.31	-0.94	2.62	-9.38
Other Operating Activities	544.4	647.81	677.69	639.92
Change in Accounts Receivable	1,011	-717.01	-409.31	-146.03
Change in Inventory	-186.41	749.87	-1,860	-626.5
Change in Accounts Payable	1,406	690.17	499.41	398.22
Change in Other Net Operating Assets	23.81	4.95	15.93	3.2
Operating Cash Flow	8,500	6,617	3,824	4,898
Operating Cash Flow Growth	28.44%	73.07%	-21.94%	-25.96%
Capital Expenditures	-5,581	-4,774	-4,712	-7,218
Sale of Property, Plant & Equipment	24.21	38.14	30	15.16
Cash Acquisitions	-2	-44	-1,450	-
Investment in Securities	-	11.44	4.49	-4.78
Other Investing Activities	8.6	-0.18	6.95	12.96
Investing Cash Flow	-5,550	-4,769	-6,121	-7,195
Long-Term Debt Issued	12,932	16,776	15,801	13,601
Long-Term Debt Repaid	-14,111	-17,474	-12,809	-10,332
Net Debt Issued (Repaid)	-1,179	-698.14	2,992	3,269
Issuance of Common Stock	-	-	-	520.05
Repurchase of Common Stock	-0.29	-0.88	-1.46	-
Common Dividends Paid	-1,367	-1,154	-1,150	-793.64
Other Financing Activities	-34	6.49	-38	-199.07
Financing Cash Flow	-2,580	-1,846	1,803	2,796
Foreign Exchange Rate Adjustments	-0.58	3.56	4.99	11.24
Net Cash Flow	368.54	6.04	-489.69	511.06
Free Cash Flow	2,919	1,843	-888.82	-2,320
Free Cash Flow Growth	58.34%	-	-	-
Free Cash Flow Margin	7.17%	4.66%	-2.23%	-7.21%
Free Cash Flow Per Share	1.04	0.66	-0.33	-0.87
Cash Income Tax Paid	878.16	1,449	425.85	1,213
Levered Free Cash Flow	379.03	-896.6	-3,010	-2,153
Unlevered Free Cash Flow	754.33	-479.69	-2,550	-1,777
Change in Working Capital	2,282	686.09	-1,803	-427.56

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