SHA:600162 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	-88.3	61.8	69.49	243.41	187.67
Depreciation & Amortization	227.42	253.83	274.36	306.77	308.5
Other Amortization	32.36	35.8	34.01	39.06	39.39
Loss (Gain) From Sale of Assets	-163.34	-48.58	-249.99	-129.09	-91.22
Asset Writedown & Restructuring Costs	4.91	8.88	0.23	10.13	-0.43
Loss (Gain) From Sale of Investments	10.31	111.85	120.7	-7.72	229.81
Provision & Write-off of Bad Debts	1.72	2.81	5.08	12.95	-3.2
Other Operating Activities	246.76	273.72	376.07	779.02	427.62
Change in Accounts Receivable	16.35	59.6	434.88	122.91	356.63
Change in Inventory	-438.77	1,836	881.71	2,558	-1,266
Change in Accounts Payable	-17.16	-2,311	-975.06	-3,666	281.78
Change in Other Net Operating Assets	-	-	-	-0.92	-1.08
Operating Cash Flow	-154.32	290.02	1,063	341.15	490.88
Operating Cash Flow Growth	-	-72.73%	211.72%	-30.50%	-17.82%
Capital Expenditures	-31.15	-88.01	-43.54	-68.91	-210.31
Sale of Property, Plant & Equipment	73.2	35.46	126.96	177.27	222.55
Cash Acquisitions	-	-	-	-	-270
Divestitures	-	-	-	-	-5.37
Investment in Securities	1.2	-	12.27	10.17	-300
Other Investing Activities	3.67	135.02	236.77	1,250	1.97
Investing Cash Flow	46.92	82.47	332.46	1,368	-561.16
Short-Term Debt Issued	-	-	-	-	99
Long-Term Debt Issued	1,434	1,263	31	3,315	4,642
Total Debt Issued	1,434	1,263	31	3,315	4,741
Short-Term Debt Repaid	-	-	-	-	-9
Long-Term Debt Repaid	-1,395	-1,591	-2,364	-4,072	-4,100
Total Debt Repaid	-1,395	-1,591	-2,364	-4,072	-4,109
Net Debt Issued (Repaid)	38.12	-327.14	-2,333	-756.44	632.45
Repurchase of Common Stock	-28.81	-2.38	-	-	-176.55
Common Dividends Paid	-187.01	-488.19	-480.96	-897.79	-639.34
Other Financing Activities	1.74	201.64	14.83	64.19	-296.64
Financing Cash Flow	-175.96	-616.07	-2,799	-1,590	-480.08
Net Cash Flow	-283.35	-243.58	-1,403	119.47	-550.35
Free Cash Flow	-185.46	202.01	1,020	272.24	280.58
Free Cash Flow Growth	-	-80.19%	274.62%	-2.97%	-41.93%
Free Cash Flow Margin	-12.84%	5.37%	30.91%	4.50%	4.92%
Free Cash Flow Per Share	-0.06	0.06	0.31	0.08	0.08
Cash Income Tax Paid	298.44	406.21	497.99	738.16	1,035
Levered Free Cash Flow	-220.67	394.51	1,220	1,390	-1,707
Unlevered Free Cash Flow	-90.33	556.53	1,394	1,640	-1,416
Change in Working Capital	-426.14	-410.09	433.47	-913.38	-607.27

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