SHA:600155 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	182.01	61.76	462.31	379.37	968.34
Depreciation & Amortization, Total	255.26	156.71	168.99	154.58	154.95
Gain (Loss) On Sale of Investments	-51.21	280.75	-262.32	171.93	-744.9
Change in Accounts Receivable	-396.47	-192.81	-667.48	1,568	1,907
Change in Accounts Payable	-2,623	3,746	-160.88	-1,066	1,669
Change in Other Net Operating Assets	-	-	-	-	154.32
Other Operating Activities	287.59	462.35	517.23	630.03	702.3
Operating Cash Flow	-2,127	3,964	1,594	-912.86	2,929
Capital Expenditures	-161.53	-149.14	-97.95	-88.46	-107.58
Cash Acquisitions	-	589.41	-	-	-
Investment in Securities	238.78	-588.81	196.57	-503.42	-891.72
Other Investing Activities	25.11	13.32	116.72	124.28	134.5
Investing Cash Flow	102.42	-135.15	215.49	-467.5	-863.09
Long-Term Debt Issued	7,656	8,114	7,209	5,154	6,693
Total Debt Issued	7,656	8,114	7,209	5,154	6,693
Short-Term Debt Repaid	-	-	-	-6,340	-6,372
Long-Term Debt Repaid	-4,475	-7,529	-8,136	-106.16	-105.2
Total Debt Repaid	-4,475	-7,529	-8,136	-6,446	-6,477
Net Debt Issued (Repaid)	3,181	584.8	-927.72	-1,292	216.24
Issuance of Common Stock	-	-	-	2,989	431.38
Repurchase of Common Stock	-	-23.54	-222.26	-82.3	-498.38
Common Dividends Paid	-379.81	-469.48	-557.66	-583.54	-628.36
Other Financing Activities	-116.35	-18.98	-8.45	-18.83	-1.75
Financing Cash Flow	2,685	72.81	-1,716	1,012	-480.87
Foreign Exchange Rate Adjustments	-0.99	1.41	0.25	1.3	-0.35
Net Cash Flow	658.6	3,903	93.92	-367.02	1,585
Free Cash Flow	-2,289	3,815	1,496	-1,001	2,822
Free Cash Flow Growth	-	154.95%	-	-	66.12%
Free Cash Flow Margin	-72.70%	114.53%	50.11%	-39.88%	75.25%
Free Cash Flow Per Share	-1.01	1.85	0.68	-0.58	1.66
Cash Interest Paid	-	661.14	667.18	580.77	663.71
Cash Income Tax Paid	-	651.94	684.01	658.68	999.01

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