SHA:600187 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	-209.16	43.58	30.35	-115.75	-90.55
Depreciation & Amortization	55.26	55.41	75.76	88.64	85.68
Other Amortization	0.74	0.79	0.98	1.09	0.83
Loss (Gain) on Sale of Assets	2.41	0.19	1.05	-0.23	-0.01
Loss (Gain) on Sale of Investments	-1.05	-102.34	-68.66	41.67	11.19
Asset Writedown	165.16	3.52	12.19	3.57	-48.83
Change in Accounts Receivable	-96.86	-199.62	198.46	1,162	199.35
Change in Inventory	10.15	-17.89	2.54	-8.04	47.3
Change in Accounts Payable	21.39	185.21	-190.68	-1,166	-9.49
Change in Other Net Operating Assets	-1.55	1.05	-16.94	79.14	-
Other Operating Activities	47.97	11.91	-3.16	-23.68	101.97
Operating Cash Flow	-9.39	-4.35	52.58	67.5	261.06
Operating Cash Flow Growth	-	-	-22.10%	-74.15%	-
Capital Expenditures	-16.93	-55.64	-23.8	-28.91	-85.37
Sale of Property, Plant & Equipment	0.42	0	0.01	0	0.44
Divestitures	80.98	5	103.64	-72.27	37.08
Investment in Securities	83.9	-114.09	-259.87	288.45	-382.61
Other Investing Activities	-98.68	2.24	-12.87	-67.94	24.21
Investing Cash Flow	49.7	-162.5	-192.88	119.33	-406.24
Long-Term Debt Issued	1.25	-	-	-	35
Total Debt Issued	1.25	-	-	-	35
Long-Term Debt Repaid	-34.65	-39.02	-35.63	-37.1	-39.41
Total Debt Repaid	-34.65	-39.02	-35.63	-37.1	-39.41
Net Debt Issued (Repaid)	-33.4	-39.02	-35.63	-37.1	-4.41
Issuance of Common Stock	0.88	5.55	-	-	-
Common Dividends Paid	-2.6	-5.6	-7.78	-9.78	-12.4
Other Financing Activities	-1.16	-	-	-	-
Financing Cash Flow	-36.27	-39.07	-43.4	-46.88	-16.81
Foreign Exchange Rate Adjustments	-0.4	0.34	-0.12	0.16	-0.04
Net Cash Flow	3.64	-205.58	-183.82	140.11	-162.03
Free Cash Flow	-26.32	-59.99	28.78	38.59	175.69
Free Cash Flow Growth	-	-	-25.40%	-78.04%	-
Free Cash Flow Margin	-11.81%	-33.49%	12.74%	13.33%	45.69%
Free Cash Flow Per Share	-0.02	-0.04	0.02	0.02	0.11
Cash Income Tax Paid	14.95	13.87	10.65	12.46	40.67
Levered Free Cash Flow	132.76	-329.5	-176	840.68	-99.08
Unlevered Free Cash Flow	132.76	-324.85	-170.05	847.88	-90.86
Change in Working Capital	-70.72	-24.17	-5	66.22	197.49

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