SHA:600106 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	85.14	114.01	157.45	211.47	202.9	255.72
Depreciation & Amortization	3.78	3.78	3.78	5.05	5.04	14.27
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0	0	-0	-0
Asset Writedown & Restructuring Costs	-81.5	-81.5	0	25.79	-0	-
Loss (Gain) From Sale of Investments	-73	-73	-136.64	-200.85	-190.55	-198.5
Provision & Write-off of Bad Debts	-	-	-	-	-1.18	1.18
Other Operating Activities	88.1	51.58	65.23	77.95	96.03	97.23
Change in Accounts Receivable	5.31	5.31	63.91	64.04	76.59	42.4
Change in Inventory	-1.5	-1.5	-2.57	-1.18	-1.13	-1.3
Change in Accounts Payable	36.28	36.28	-2.39	-7.75	7.4	-17.22
Operating Cash Flow	62.79	55.14	147.65	172.53	186.64	194.19
Operating Cash Flow Growth	-57.89%	-62.66%	-14.42%	-7.56%	-3.89%	-72.10%
Capital Expenditures	-0.02	-0.02	-0.01	-0.02	-0.05	-0.02
Sale of Property, Plant & Equipment	-	-	-	-	0.03	0
Investment in Securities	36.9	-257.1	-70.15	-6.13	-15.52	167.31
Other Investing Activities	146.5	170.85	73.12	73.63	69.14	77.28
Investing Cash Flow	183.38	-86.27	2.97	67.48	53.6	244.58
Long-Term Debt Issued	-	300	600	800	1,100	900
Long-Term Debt Repaid	-	-633.55	-708	-1,208	-1,208	-1,008
Net Debt Issued (Repaid)	-333.55	-333.55	-108	-408	-108	-108
Common Dividends Paid	-88.92	-93.56	-128.26	-146.76	-169.39	-161.95
Other Financing Activities	-	-	-	315	0.27	-315.27
Financing Cash Flow	-422.47	-427.11	-236.26	-239.76	-277.12	-585.22
Net Cash Flow	-176.3	-458.25	-85.64	0.25	-36.87	-146.46
Free Cash Flow	62.77	55.12	147.65	172.52	186.59	194.17
Free Cash Flow Growth	-57.90%	-62.67%	-14.41%	-7.54%	-3.90%	-72.10%
Free Cash Flow Margin	57.47%	48.82%	130.62%	147.79%	153.80%	117.84%
Free Cash Flow Per Share	0.05	0.04	0.11	0.13	0.14	0.14
Cash Income Tax Paid	89.56	95.06	38.98	48.33	31.66	42.72
Levered Free Cash Flow	54.08	-14.26	-33.21	-10.98	19.75	-12
Unlevered Free Cash Flow	54.08	-14.26	6.91	37.29	79.38	48.8
Change in Working Capital	40.29	40.29	57.83	53.11	74.4	24.29

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