SHA:600008 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	2,253	3,528	1,610	3,155	2,342
Depreciation & Amortization	2,746	3,277	3,242	2,790	2,856
Other Amortization	89.1	47.6	67.78	26.56	37.72
Loss (Gain) on Sale of Assets	-167.91	-105.63	-6.14	-18.91	-22.62
Loss (Gain) on Sale of Investments	23.62	-1,759	-35.28	-2,931	-868.06
Asset Writedown	166.96	177.55	217.29	490.57	161.33
Change in Accounts Receivable	-2,209	-4,389	-4,501	-5,832	-3,344
Change in Inventory	148.85	201.8	70.9	10.98	-255.64
Change in Accounts Payable	-1,220	514.6	348.1	1,865	-200.72
Change in Other Net Operating Assets	-	-	-	9.27	-9.91
Other Operating Activities	2,016	2,272	2,164	3,336	2,231
Operating Cash Flow	3,762	4,083	3,422	3,023	3,019
Operating Cash Flow Growth	-7.87%	19.30%	13.20%	0.16%	-32.23%
Capital Expenditures	-2,760	-4,170	-4,467	-5,876	-8,933
Sale of Property, Plant & Equipment	231.81	652.19	13.03	89.07	10.32
Cash Acquisitions	-	-	-192.09	-	-133.47
Divestitures	106.92	3,083	13.69	4,945	-25.38
Investment in Securities	952.31	840.56	114.57	3,432	1,927
Other Investing Activities	186.84	76.46	-458.55	-317.37	637.55
Investing Cash Flow	-1,282	482.6	-4,976	2,274	-6,517
Short-Term Debt Issued	-	-	-	-	15
Long-Term Debt Issued	16,926	16,881	21,185	18,407	17,950
Total Debt Issued	16,926	16,881	21,185	18,407	17,965
Short-Term Debt Repaid	-	-	-6.45	-1,214	-78.36
Long-Term Debt Repaid	-16,741	-19,126	-17,598	-25,591	-17,063
Total Debt Repaid	-16,741	-19,126	-17,604	-26,806	-17,141
Net Debt Issued (Repaid)	184.17	-2,245	3,581	-8,399	823.95
Issuance of Common Stock	4,900	3,000	2,400	4,600	3,000
Common Dividends Paid	-3,053	-2,951	-3,216	-3,228	-2,955
Other Financing Activities	-4,755	-1,860	-2,235	-521.41	1,930
Financing Cash Flow	-2,724	-4,055	529.77	-7,548	2,799
Foreign Exchange Rate Adjustments	-0.78	19.65	-4.19	-53.58	-49.63
Net Cash Flow	-245.19	529.88	-1,028	-2,304	-749.06
Free Cash Flow	1,002	-87.08	-1,045	-2,852	-5,915
Free Cash Flow Margin	5.30%	-0.43%	-4.90%	-12.87%	-25.93%
Free Cash Flow Per Share	0.14	-0.01	-0.14	-0.39	-0.81
Cash Income Tax Paid	1,498	1,466	1,383	791.28	1,172
Levered Free Cash Flow	2,820	-4,074	-2,500	-7,384	-4,435
Unlevered Free Cash Flow	2,820	-3,044	-1,443	-6,174	-3,402
Change in Working Capital	-3,366	-3,699	-4,113	-4,021	-3,829

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