Cash Flow Statement

Currency: CNY

	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023
Operating Cash Flow
Cash Taxes Paid	(25)	(28)	(33)	(37)	(30)	(24)	(23)	(20)	3	8	8	(3)	(26)	(39)
Change in Working Capital	(69)	(69)	(87)	(115)	(76)	(78)	(59)	(75)	(132)	(158)	(186)	(198)	(224)	(242)
Cash from Operating Activities	24 N/A	25 +4%	(23) N/A	(59) -150%	(96) -64%	(109) -13%	(36) +67%	(17) +54%	31 N/A	114 +263%	110 -4%	85 -23%	152 +80%	31 -79%
Investing Cash Flow
Capital Expenditures	(64)	(95)	(159)	(219)	(228)	(322)	(380)	(456)	(549)	(658)	(704)	(694)	(806)	(762)
Other Items	0	0	(144)	(262)	(210)	(17)	(166)	(63)	(137)	(427)	(6)	9	(115)	104
Cash from Investing Activities	(68) N/A	(95) -41%	(304) -220%	(481) -58%	(438) +9%	(339) +22%	(546) -61%	(519) +5%	(686) -32%	(1 084) -58%	(710) +35%	(685) +4%	(921) -34%	(658) +29%
Financing Cash Flow
Net Issuance of Debt	50	58	(78)	(87)	(122)	(157)	348	442	597	621	366	382	366	516
Cash Paid for Dividends	0	0	(8)	(8)	(8)	(30)	(25)	(29)	(37)	(22)	(25)	(28)	(71)	(76)
Other	13	12	876	873	850	903	130	190	337	286	54	663	507	345
Cash from Financing Activities	63 N/A	69 +11%	790 +1 038%	778 -2%	720 -7%	717 0%	453 -37%	603 +33%	897 +49%	885 -1%	394 -55%	1 017 +158%	802 -21%	786 -2%
Change in Cash
Net Change in Cash	19 N/A	(1) N/A	463 N/A	238 -49%	186 -22%	268 +44%	(130) N/A	68 N/A	242 +258%	(85) N/A	(206) -143%	416 N/A	34 -92%	159 +375%
Free Cash Flow
Free Cash Flow	(40) N/A	(70) -76%	(183) -161%	(278) -52%	(324) -17%	(431) -33%	(416) +4%	(473) -14%	(518) -10%	(544) -5%	(594) -9%	(609) -3%	(654) -7%	(730) -12%

Guanglian Aviation Industry Co Ltd
SZSE:300900