SHA:600211 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	916.98	1,051	800.91	369.84	208.94
Depreciation & Amortization	79.55	75.1	68.05	69.24	81.45
Other Amortization	0.85	0.74	1.01	1.55	0.68
Loss (Gain) From Sale of Assets	-0.11	-1.9	-0.34	0.23	0.04
Asset Writedown & Restructuring Costs	2.77	-	190.38	218.62	458.19
Loss (Gain) From Sale of Investments	-7.87	3.88	170.09	7.14	-146.47
Provision & Write-off of Bad Debts	-	0.6	0.04	-0.51	-1.39
Other Operating Activities	6.66	-12.63	-5.68	81.94	15.93
Change in Accounts Receivable	-195.42	98.83	-237.89	22.82	-317.1
Change in Inventory	-43.3	-22.56	-16.56	-18.87	-67.2
Change in Accounts Payable	225.41	-163.73	147.4	38.73	164.85
Change in Other Net Operating Assets	0.37	2.02	1.87	52.43	-1.62
Operating Cash Flow	1,005	994.79	1,063	837.38	366.53
Operating Cash Flow Growth	1.00%	-6.45%	26.99%	128.46%	-14.39%
Capital Expenditures	-15.96	-37.6	-21.69	-101.96	-425.58
Sale of Property, Plant & Equipment	0.34	2.78	0.54	0.11	16.78
Investment in Securities	-757.91	367.91	-829.46	-471.69	-334.97
Other Investing Activities	184.45	21.39	18.72	12.3	2.97
Investing Cash Flow	-589.07	354.49	-831.88	-561.25	-740.8
Short-Term Debt Issued	-	533.5	699.51	485.73	-
Long-Term Debt Issued	960.04	-	-	-	576.54
Total Debt Issued	960.04	533.5	699.51	485.73	576.54
Short-Term Debt Repaid	-	-760.97	-685.73	-534.27	-
Long-Term Debt Repaid	-482.04	-0.93	-1.65	-3.56	-56.08
Total Debt Repaid	-482.04	-761.9	-687.39	-537.82	-56.08
Net Debt Issued (Repaid)	478	-228.4	12.13	-52.09	520.46
Common Dividends Paid	-613.53	-494.41	-494.47	-98.18	-132.49
Other Financing Activities	12.91	-10.18	-1.34	4.9	-11.3
Financing Cash Flow	-122.62	-732.99	-483.69	-145.37	376.67
Foreign Exchange Rate Adjustments	-22.45	7.44	7.04	40.11	-14.42
Net Cash Flow	270.6	623.72	-245.11	170.87	-12.02
Free Cash Flow	988.79	957.19	1,042	735.41	-59.05
Free Cash Flow Growth	3.30%	-8.12%	41.65%	-	-
Free Cash Flow Margin	33.16%	34.10%	33.24%	28.79%	-2.76%
Free Cash Flow Per Share	3.07	2.97	3.23	2.28	-0.18
Cash Interest Paid	-	9.64	-	-	-
Cash Income Tax Paid	377.92	500.59	443.23	272.41	274.84
Levered Free Cash Flow	774.07	483.26	585.86	456.08	-60.38
Unlevered Free Cash Flow	774.07	489.19	593.11	465.06	-57.68
Change in Working Capital	5.92	-122.3	-161.05	89.34	-250.83

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