CHINA AUTOMOTIVE SYSTEMS INC/2 Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation
Depreciation and amortization
Deferred income taxes
Allowance for credit losses
Impairment loss on prepayment for investment in Hefei Senye (See Note 18)
Reversal of credit losses
Equity in loss of affiliates
Government subsidy reclassified from advances payable
Impairment loss on property, plant and equipment
Loss/(gain) on disposal of fixed assets
Government subsidy
(Increase)/decrease in:
Other assets and other non-current assets
Accounts and notes receivable
Advance payments and others
Inventories
Other receivables
Increase/(decrease) in:
Accounts and notes payable
Customer deposits
Accrued payroll and related costs
Accrued expenses and other payables
Accrued pension costs
Taxes payable
Advances payable

Net cash provided by operating activities
Cash flows from investing activities:
Purchase of short-term investments and long-term time deposits
Proceeds from maturities of short-term investments
Decrease/(increase) in demand loans and employee housing loans included in other receivables
Loan to a related party
Repayment of loan from a related party
Cash received from property, plant and equipment sales
Government subsidy received for purchase of property, plant and equipment
Cash paid to acquire property, plant and equipment and land use right (including $6,343 and $5,336 paid to related parties for the years ended December 31, 2024 and 2023, respectively)
Cash paid to acquire intangible assets
Cash received from long-term investment
Investment under equity method
Cash prepaid for investment under equity method
Net cash used in investing activities

Cash flows from financing activities:
Proceeds from bank loans
Repayment of bank loans and loans
Payment to broker agents for repurchase of common stock
Dividends paid to the common shareholders
Repurchase of common shares
Repayments of the borrowing under sale and leaseback transaction
Acquisition of non-controlling interest
Dividends paid to non-controlling interest holders of non-wholly owned subsidiaries
Cash received from capital contributions by a non-controlling interest holder
Net cash provided by financing activities

Cash and cash equivalents affected by foreign currency
Net decrease in cash, cash equivalents and pledged cash
Cash, cash equivalents and pledged cash at beginning of year
Cash, cash equivalents and pledged cash at end of year
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest
Cash paid for income taxes
Non-cash investing activities:
Property, plant and equipment recorded during the year which previously were advance payments
Change in accounts payable for acquiring property, plant and equipment
Accounts receivable in exchange for short-term investments
Property, plant and equipment and inventories used for investment in an associated company
Supplemental disclosure of acquisition of operating lease assets

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