SHA:600129 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	120.63	26.65	822.12	354.38	-523.17
Depreciation & Amortization	471.45	430.76	437.96	423.83	380.58
Other Amortization	11.59	21.6	20.07	17.82	13.18
Loss (Gain) From Sale of Assets	-44.08	-0.13	2.48	-2.31	-29.86
Asset Writedown & Restructuring Costs	94.96	0.45	56.95	33.43	244.26
Loss (Gain) From Sale of Investments	11.76	28.34	51.24	120.57	-97.27
Provision & Write-off of Bad Debts	-	19.57	0.61	12.96	49.99
Other Operating Activities	134.96	199.27	237.23	195.25	232.4
Change in Accounts Receivable	-868.28	-161.56	1,301	-837.15	45.68
Change in Inventory	545.41	-59.21	-432.54	19.25	281
Change in Accounts Payable	113.22	-1,136	-1,782	1,474	-59.99
Change in Other Net Operating Assets	0.07	0.91	-	-	-
Operating Cash Flow	583.88	-631.46	671.54	1,781	558.81
Operating Cash Flow Growth	-	-	-62.29%	218.65%	-25.47%
Capital Expenditures	-523.16	-831.73	-835.59	-531.89	-500.11
Sale of Property, Plant & Equipment	65.54	15.39	155.61	98.45	280.28
Divestitures	-	-	-	-	837.57
Investment in Securities	70.62	-	49.09	67.19	6.48
Other Investing Activities	3.36	6.33	3.81	15.89	-22.78
Investing Cash Flow	-383.65	-810	-627.08	-350.36	601.45
Long-Term Debt Issued	5,101	4,894	4,063	3,564	3,050
Long-Term Debt Repaid	-4,717	-4,129	-4,079	-3,684	-4,291
Net Debt Issued (Repaid)	383.28	765.2	-16	-119.64	-1,241
Common Dividends Paid	-120.99	-295.88	-133.03	-152.96	-178.51
Other Financing Activities	-210.11	-	-214.58	-120.99	-142.34
Financing Cash Flow	52.18	469.32	-363.61	-393.59	-1,562
Foreign Exchange Rate Adjustments	-0.07	0.5	-0.56	-0	-0.02
Net Cash Flow	252.35	-971.64	-319.71	1,037	-401.31
Free Cash Flow	60.73	-1,463	-164.05	1,249	58.7
Free Cash Flow Growth	-	-	-	2027.38%	-
Free Cash Flow Margin	0.58%	-11.81%	-1.05%	8.84%	0.48%
Free Cash Flow Per Share	0.11	-2.63	-0.29	2.25	0.10
Cash Income Tax Paid	836.27	1,102	1,461	1,177	954.7
Levered Free Cash Flow	185.66	-1,542	-444.87	905.07	118.24
Unlevered Free Cash Flow	185.66	-1,453	-350.24	1,015	252.39
Change in Working Capital	-217.39	-1,358	-957.13	624.74	288.71

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