SHA:600151 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	-450.53	-445.03	-71.16	-425.97	-103.85	59.99
Depreciation & Amortization	296.7	296.7	367.16	454.89	438.58	438.59
Other Amortization	35.32	35.32	81.57	55.1	49.08	46.79
Loss (Gain) From Sale of Assets	-0.36	-0.36	-0.45	-4.73	-0.57	-0.89
Asset Writedown & Restructuring Costs	410.65	410.65	14.86	176.14	110.77	24.09
Loss (Gain) From Sale of Investments	-6.46	-6.46	-91.45	-66.09	-25.03	-136
Provision & Write-off of Bad Debts	-4.88	-4.88	-17.59	11.83	21.65	-14.31
Other Operating Activities	-130.67	-16.41	62.38	-10.31	4.41	39.62
Change in Accounts Receivable	668.51	668.51	195.78	310.63	-264.15	-11.28
Change in Inventory	112.8	112.8	172.53	-220.78	-93.08	-222.12
Change in Accounts Payable	-477.56	-477.56	-930.29	17.23	642.5	238.07
Operating Cash Flow	452.82	572.59	-213.32	469.5	763.97	472.42
Operating Cash Flow Growth	78.14%	-	-	-38.54%	61.71%	165.71%
Capital Expenditures	-21.9	-21.76	-106.72	-241.57	-223.08	-243.86
Sale of Property, Plant & Equipment	0.47	0.46	6.28	5.04	1.91	13.37
Divestitures	-	-	-123.45	-	328.66	143.51
Investment in Securities	9.16	9.16	72.4	134.68	10.23	102.07
Other Investing Activities	1.22	1.22	53.78	21.31	-	-
Investing Cash Flow	-11.05	-10.92	-97.71	-80.54	117.72	15.09
Long-Term Debt Issued	-	1,084	1,450	2,881	3,229	2,780
Long-Term Debt Repaid	-	-1,644	-1,646	-3,085	-3,511	-3,076
Net Debt Issued (Repaid)	-586.64	-559.32	-196.29	-204.21	-281.75	-296.24
Common Dividends Paid	-32.87	-40.54	-58.05	-75.21	-66.54	-68.59
Other Financing Activities	3.26	3.37	-1.8	124.74	-	-
Financing Cash Flow	-616.25	-596.5	-256.14	-154.68	-348.29	-364.83
Foreign Exchange Rate Adjustments	4.51	31.23	-9.65	10.77	32.24	-3.82
Net Cash Flow	-169.97	-3.6	-576.82	245.06	565.64	118.86
Free Cash Flow	430.92	550.83	-320.04	227.94	540.89	228.56
Free Cash Flow Growth	135.42%	-	-	-57.86%	136.65%	-
Free Cash Flow Margin	12.63%	15.28%	-5.98%	2.47%	6.14%	3.63%
Free Cash Flow Per Share	0.30	0.38	-0.22	0.16	0.38	0.16
Cash Income Tax Paid	62.13	41.47	-131.65	-79.61	-326.44	-198.2
Levered Free Cash Flow	466.07	549.93	-806.12	251.89	528.96	187.39
Unlevered Free Cash Flow	498.34	582.2	-763.77	308.06	577.74	236.4
Change in Working Capital	307.74	307.74	-560.14	275.45	268.93	14.54

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