SHA:600248 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	434.31	2,960	3,962	3,589	3,602
Depreciation & Amortization	746.84	740.22	683.87	553.77	491.54
Other Amortization	143.64	101.35	171.73	164.32	324.96
Loss (Gain) From Sale of Assets	-86.51	-89.78	-22.12	-164.77	-1.01
Asset Writedown & Restructuring Costs	36.82	-6.65	5.7	-23.78	19.61
Loss (Gain) From Sale of Investments	-138.77	-140.55	-157.44	-130.2	30.81
Provision & Write-off of Bad Debts	-	5,864	5,186	5,611	3,855
Other Operating Activities	9,518	3,946	3,309	2,533	2,197
Change in Accounts Receivable	4,685	-23,190	-19,110	-46,640	-33,064
Change in Inventory	349.15	3,860	-18,295	-15,621	-17,753
Change in Accounts Payable	-13,566	-1,275	17,432	51,413	37,488
Change in Other Net Operating Assets	189.87	24.74	257.66	280.61	-77.65
Operating Cash Flow	1,476	-8,186	-7,469	731.98	-3,575
Capital Expenditures	-4,323	-849.75	-1,911	-4,743	-1,367
Sale of Property, Plant & Equipment	40.42	168.52	104.53	607.68	81.55
Cash Acquisitions	-1.51	-62.17	-	-10.12	-39.57
Divestitures	-	0.01	88.17	27.51	-
Investment in Securities	240.32	1,868	-1,023	-5,698	-491.94
Other Investing Activities	218.69	398.84	224.04	99.59	-182.32
Investing Cash Flow	-3,825	1,523	-2,517	-9,716	-1,999
Long-Term Debt Issued	54,519	35,156	50,775	22,840	16,936
Long-Term Debt Repaid	-38,793	-28,800	-32,853	-14,778	-12,025
Total Debt Repaid	-38,793	-28,800	-32,853	-14,778	-12,025
Net Debt Issued (Repaid)	15,726	6,357	17,922	8,062	4,911
Issuance of Common Stock	-	4,260	2,689	7,360	4,999
Repurchase of Common Stock	-	-3,603	-3,639	-1,112	-3,225
Common Dividends Paid	-3,177	-3,434	-2,886	-2,342	-1,852
Other Financing Activities	-5,268	-613.18	-340.16	742.42	1,891
Financing Cash Flow	7,281	2,966	13,746	12,711	6,724
Foreign Exchange Rate Adjustments	-1.12	7.39	14.03	39.88	-9.5
Net Cash Flow	4,931	-3,689	3,773	3,766	1,140
Free Cash Flow	-2,847	-9,036	-9,380	-4,011	-4,942
Free Cash Flow Margin	-2.23%	-5.98%	-5.20%	-2.12%	-2.95%
Free Cash Flow Per Share	-0.77	-2.42	-2.38	-1.03	-1.39
Cash Income Tax Paid	4,230	4,401	3,854	3,976	3,867
Levered Free Cash Flow	7,966	-8,052	-3,643	-2,410	-2,391
Unlevered Free Cash Flow	7,966	-6,581	-2,338	-1,470	-1,544
Change in Working Capital	-9,179	-21,559	-20,608	-11,401	-14,095

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