SHA:600063 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	434.41	369.72	341.7	1,370	998.95
Depreciation & Amortization	546.47	512.08	458.22	439.38	479.68
Other Amortization	0.3	0.3	0.3	0.41	18.7
Loss (Gain) From Sale of Assets	-36.28	-6.57	-74.17	-12.6	2.82
Asset Writedown & Restructuring Costs	8.72	1.72	8.12	74.45	123.91
Loss (Gain) From Sale of Investments	-30.14	-28.83	-24.49	-20.89	-39.08
Provision & Write-off of Bad Debts	-	-7.51	-5.97	5.63	1.25
Other Operating Activities	-106.78	28.69	5.28	-16.99	104.35
Change in Accounts Receivable	72.51	-666.11	-399.82	589.35	-487.9
Change in Inventory	74.9	-113.78	-11.73	86.97	-442.22
Change in Accounts Payable	-643.45	273.63	-154.48	-228.46	783.14
Change in Other Net Operating Assets	7.03	4.44	9.78	4.15	-10.9
Operating Cash Flow	334.89	372.45	155.21	2,291	1,512
Operating Cash Flow Growth	-10.08%	139.97%	-93.22%	51.52%	26.03%
Capital Expenditures	-850.8	-588.34	-1,158	-845.13	-933.58
Sale of Property, Plant & Equipment	67.64	22.34	15.29	12.6	2.22
Cash Acquisitions	-14.91	-	-	-	-
Investment in Securities	50	-68.26	-377.02	-997.67	-51.06
Other Investing Activities	196.8	36.41	54.31	91.84	158.34
Investing Cash Flow	-551.27	-597.84	-1,466	-1,738	-824.07
Short-Term Debt Issued	-	50	120	-	30
Long-Term Debt Issued	9,255	6,594	4,290	2,390	2,030
Total Debt Issued	9,255	6,644	4,410	2,390	2,060
Short-Term Debt Repaid	-	-	-	-43.75	-
Long-Term Debt Repaid	-8,532	-6,006	-3,102	-2,361	-2,475
Total Debt Repaid	-8,532	-6,006	-3,102	-2,405	-2,475
Net Debt Issued (Repaid)	723	638	1,308	-14.99	-414.51
Issuance of Common Stock	-	-	-	198.75	-
Common Dividends Paid	-368.84	-180.26	-405.02	-264.18	-319.51
Other Financing Activities	181.7	-130.76	106.96	-296.29	-31.76
Financing Cash Flow	535.86	326.98	1,010	-376.71	-765.78
Foreign Exchange Rate Adjustments	5.57	21.97	11.32	4.76	1.52
Net Cash Flow	325.04	123.57	-289.15	180.37	-76.51
Free Cash Flow	-515.91	-215.89	-1,003	1,446	578.26
Free Cash Flow Growth	-	-	-	149.98%	20.97%
Free Cash Flow Margin	-6.44%	-2.69%	-12.14%	14.54%	7.05%
Free Cash Flow Per Share	-0.25	-0.10	-0.47	0.72	0.30
Cash Income Tax Paid	39.97	104.79	27.8	390.29	343.66
Levered Free Cash Flow	-231.99	-1,280	-1,579	709.56	121.72
Unlevered Free Cash Flow	-231.99	-1,233	-1,529	754.3	201.06
Change in Working Capital	-481.8	-497.15	-553.78	451.3	-178.73

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