SHA:600052 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-489.37	-470.91	-366.92	113.27	-212.64	-40
Depreciation & Amortization	115.46	115.46	105.35	106.08	52.47	14.74
Other Amortization	1.77	1.77	5.8	0.29	0.55	0.62
Loss (Gain) From Sale of Assets	-7.88	-7.88	0.24	0.08	-89.87	0.51
Asset Writedown & Restructuring Costs	358.78	358.78	14.91	3.19	0	19.22
Loss (Gain) From Sale of Investments	-44.09	-44.09	163.07	-28.89	147.38	50.01
Provision & Write-off of Bad Debts	-	-	5.14	2.96	-2.67	18.7
Other Operating Activities	161.37	190.1	8.29	6.65	39.44	27.55
Change in Accounts Receivable	-86.34	-86.34	467.84	0.77	33.18	32.26
Change in Inventory	107.6	107.6	-140.57	-2.63	-7.03	37.88
Change in Accounts Payable	24.05	24.05	-145.43	4.98	188.94	-321.72
Change in Other Net Operating Assets	-	-	-0.8	-0.35	-	-
Operating Cash Flow	118.13	165.32	106.38	204.82	129.29	-183.5
Operating Cash Flow Growth	-15.32%	55.41%	-48.06%	58.41%	-	-
Capital Expenditures	-43.63	-65.43	-157.93	-92.24	-56.93	-135.92
Sale of Property, Plant & Equipment	30.08	30.66	2.13	6.03	96.74	0.35
Cash Acquisitions	-	-	-9.04	-7.99	-401.15	-155.68
Divestitures	-	-	-	-	6.78	-
Investment in Securities	-333.59	-266.05	196.47	-71.66	-61.63	-120.04
Other Investing Activities	46.89	69.67	-490.62	9.55	10.18	1.45
Investing Cash Flow	-300.25	-231.16	-454.61	-153.68	-405.04	-409.84
Long-Term Debt Issued	-	66.13	63.65	86.08	64	1
Long-Term Debt Repaid	-	-63.99	-95.04	-127.29	-78.54	-18.73
Net Debt Issued (Repaid)	-74.2	2.14	-31.39	-41.21	-14.54	-17.73
Repurchase of Common Stock	-	-	-	-50	-129.97	-
Common Dividends Paid	-18.81	-18.96	-40.83	-3.64	-1.79	-0.34
Other Financing Activities	16.47	21.8	-0.34	-53.15	247.64	1,593
Financing Cash Flow	-76.55	4.98	-72.57	-148	101.33	1,574
Net Cash Flow	-258.68	-60.86	-420.8	-96.86	-174.41	981.11
Free Cash Flow	74.5	99.89	-51.56	112.58	72.37	-319.42
Free Cash Flow Growth	-	-	-	55.57%	-	-
Free Cash Flow Margin	14.40%	16.95%	-11.52%	27.58%	32.93%	-136.82%
Free Cash Flow Per Share	0.09	0.12	-0.06	0.14	0.09	-0.40
Cash Income Tax Paid	62.01	63.94	38.17	45.09	24.86	267.73
Levered Free Cash Flow	-28.36	3.51	-116.91	22.99	49.4	-412.48
Unlevered Free Cash Flow	-28.36	3.51	-114.83	27.78	54.3	-410.62
Change in Working Capital	22.1	22.1	170.52	1.2	194.63	-274.84

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.