SGX:SO7 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	8,637	6,634	4,102	2,807	3,699
Depreciation & Amortization	529.88	456.67	491.09	452.07	469.87
Other Amortization	-	4.6	4.29	3.83	25.53
Loss (Gain) From Sale of Assets	-86.7	-28.3	-101.92	-41.58	-71.82
Asset Writedown & Restructuring Costs	-	180.87	6	-	-
Loss (Gain) From Sale of Investments	-2.69	23.25	5.46	196.52	301.39
Loss (Gain) on Equity Investments	-860.87	-558.98	-198.01	-4.37	-361.51
Other Operating Activities	669.78	393.54	291.82	117.43	-662.1
Change in Accounts Receivable	-1,427	-1,251	-629.86	-330.97	-194.89
Change in Inventory	-1,661	-911.7	312.28	178.25	-38.51
Change in Accounts Payable	-351.52	300.49	571.77	540.38	152.59
Change in Other Net Operating Assets	-982.69	7,718	3,119	712.21	2,818
Operating Cash Flow	4,465	12,961	7,973	4,632	6,143
Operating Cash Flow Growth	-65.55%	62.56%	72.12%	-24.59%	-
Capital Expenditures	-1,953	-1,056	-829.22	-904.85	-669.07
Sale of Property, Plant & Equipment	272.03	99.75	521.97	46.35	386.36
Cash Acquisitions	-	-19.39	-2,054	-368.83	-
Sale (Purchase) of Intangibles	-4.01	-4.67	-5.62	-1.31	-3.84
Sale (Purchase) of Real Estate	-181.11	-40.83	-	-	-
Investment in Securities	-718.28	4.02	52.22	91.62	225.88
Other Investing Activities	-5,879	295.85	24.32	0.59	376.06
Investing Cash Flow	-8,482	-1,169	-2,290	-1,136	315.39
Long-Term Debt Issued	2,267	5,550	3,308	6,473	4,211
Long-Term Debt Repaid	-3,550	-4,345	-2,281	-6,211	-3,926
Net Debt Issued (Repaid)	-1,283	1,205	1,027	262.33	285.34
Repurchase of Common Stock	-158.21	-	-	-60.37	-170.78
Common Dividends Paid	-2,608	-1,346	-1,024	-969.99	-836.86
Other Financing Activities	22.5	-92.54	96.42	-4,313	-5.91
Financing Cash Flow	-4,027	-233.29	99.08	-5,081	-728.21
Net Cash Flow	-8,044	11,559	5,782	-1,585	5,730
Free Cash Flow	2,512	11,905	7,144	3,728	5,474
Free Cash Flow Growth	-78.90%	66.64%	91.66%	-31.90%	-
Free Cash Flow Margin	8.81%	44.85%	29.63%	18.00%	36.16%
Free Cash Flow Per Share	0.64	3.01	1.81	0.95	1.42
Cash Interest Paid	115.42	118.77	96.09	106.78	108.66
Cash Income Tax Paid	1,368	1,156	731.17	723.48	698.44
Levered Free Cash Flow	-6,627	9,431	4,125	1,265	1,812
Unlevered Free Cash Flow	-6,555	9,505	4,185	1,332	1,880
Change in Working Capital	-4,422	5,856	3,373	1,100	2,737

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.