SHA:600222 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	65.87	50.53	43.56	-72.2	6
Depreciation & Amortization	64.37	64.46	67.93	62.98	57.18
Other Amortization	8.76	8.86	7.77	4.95	3.31
Loss (Gain) From Sale of Assets	0.02	-0.13	-0.62	-0.07	-
Asset Writedown & Restructuring Costs	4.35	-0	0.08	-0.1	1.57
Loss (Gain) From Sale of Investments	0.15	-10.67	6.42	11.87	6.52
Provision & Write-off of Bad Debts	-	7.09	11.86	33.81	25.54
Other Operating Activities	81.26	57.16	47.22	65.17	91.74
Change in Accounts Receivable	-218.71	-91.32	-3.07	-380.27	-130.93
Change in Inventory	9.94	91.06	-7.38	-70.61	-37.3
Change in Accounts Payable	23.22	-196.56	-123.27	231.57	82.8
Operating Cash Flow	47.16	-39.59	43.74	-124.41	99.66
Operating Cash Flow Growth	-	-	-	-	35.72%
Capital Expenditures	-21.12	-37.23	-43.13	-66.62	-39.07
Sale of Property, Plant & Equipment	0.07	0.17	0.22	0.19	0.06
Divestitures	0.09	-	1.8	0.2	0.57
Investment in Securities	-17.67	49.44	-164	137.25	-87.67
Other Investing Activities	38.8	5.88	55.1	63.1	25.96
Investing Cash Flow	0.16	18.25	-150.02	134.12	-100.16
Long-Term Debt Issued	1,039	1,368	1,076	950.09	1,298
Long-Term Debt Repaid	-1,240	-1,264	-938.41	-1,403	-1,381
Net Debt Issued (Repaid)	-201.52	103.77	137.3	-452.6	-82.27
Issuance of Common Stock	-	0.06	34.46	137.17	95.16
Repurchase of Common Stock	-	-21.28	-42.07	-37.66	-45.48
Common Dividends Paid	-50.76	-69.07	-50.17	-63.51	-84.56
Other Financing Activities	236.92	-23.26	-52.97	331.37	-39.44
Financing Cash Flow	-15.37	-9.78	26.56	-85.23	-156.58
Net Cash Flow	31.95	-31.11	-79.72	-75.51	-157.08
Free Cash Flow	26.04	-76.82	0.6	-191.03	60.58
Free Cash Flow Growth	-	-	-	-	7717.75%
Free Cash Flow Margin	1.48%	-3.96%	0.03%	-9.74%	3.78%
Free Cash Flow Per Share	0.05	-0.14	0.00	-0.34	0.11
Cash Interest Paid	-	1.6	0.8	3.73	4.54
Cash Income Tax Paid	70.65	59.03	84.4	59.53	51
Levered Free Cash Flow	356.48	-285.12	-99.01	361.28	127.37
Unlevered Free Cash Flow	356.48	-247.84	-65.03	401.67	179.77
Change in Working Capital	-177.63	-216.88	-140.48	-230.82	-92.2

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