SHA:600006 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	-479.57	29.16	200.04	285.08	371.75
Depreciation & Amortization	230.56	240.05	296.02	278.65	243.61
Other Amortization	4.28	29.83	0.98	3.63	9.61
Loss (Gain) From Sale of Assets	-108.6	-57.31	-76.49	-7.55	-52.39
Asset Writedown & Restructuring Costs	34.26	-	3.19	13.04	-0.16
Loss (Gain) From Sale of Investments	-465.47	-382.7	-450.95	-288.37	-529.28
Provision & Write-off of Bad Debts	236.99	44.12	-55.97	73.68	314.99
Other Operating Activities	-15.73	-3.15	40.66	3.92	64.64
Change in Accounts Receivable	823.4	-433.45	-689.57	1,329	784.91
Change in Inventory	241.21	434.51	-489.99	767.36	193.82
Change in Accounts Payable	-693.68	-2,419	955.01	-2,747	-373.94
Change in Other Net Operating Assets	-	-	-	-	-11.18
Operating Cash Flow	-199.18	-2,555	-265.55	-290.03	980.36
Operating Cash Flow Growth	-	-	-	-	-31.89%
Capital Expenditures	-782.01	-615.63	-203.2	-203.15	-183.28
Sale of Property, Plant & Equipment	35.44	31.87	84.61	116.74	99.94
Divestitures	-	14.57	60.08	4.55	8.05
Investment in Securities	-	1,653	-497.75	-345.15	-800
Other Investing Activities	466.55	472.72	300.49	566.59	475.05
Investing Cash Flow	-280.03	1,556	-255.78	139.59	-400.23
Long-Term Debt Repaid	-	-	-13.25	-13.24	-13.2
Total Debt Repaid	-	-	-13.25	-13.24	-13.2
Net Debt Issued (Repaid)	-	-	-13.25	-13.24	-13.2
Common Dividends Paid	-10	-60.2	-85.6	-111.6	-166.2
Other Financing Activities	164.72	259.57	-	750	-338.56
Financing Cash Flow	154.72	199.37	-98.85	625.16	-517.95
Foreign Exchange Rate Adjustments	-0.27	0.14	0.44	1.43	0.75
Net Cash Flow	-324.75	-798.99	-619.74	476.14	62.93
Free Cash Flow	-981.19	-3,170	-468.76	-493.18	797.08
Free Cash Flow Growth	-	-	-	-	-30.20%
Free Cash Flow Margin	-11.08%	-28.99%	-3.88%	-4.05%	5.13%
Free Cash Flow Per Share	-0.49	-1.59	-0.23	-0.25	0.40
Cash Income Tax Paid	-	362.13	703.44	692.33	357.46
Levered Free Cash Flow	-499.1	-3,181	-218.47	-653.83	607.83
Unlevered Free Cash Flow	-493.8	-3,176	-212.8	-648.17	613.57
Change in Working Capital	364.09	-2,455	-223.04	-652.12	557.61

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