SHA:600266 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-292.36	-413.2	-951.04	558.89	-926.18	641.26
Depreciation & Amortization	55.94	55.94	63.84	61.87	63.25	56.14
Other Amortization	57.44	57.44	41.35	46.32	35.73	42.92
Loss (Gain) From Sale of Assets	0.05	0.05	-0.48	-16.36	-0.45	-58.55
Asset Writedown & Restructuring Costs	88.03	88.03	130.59	96.73	-15.88	-19.72
Loss (Gain) From Sale of Investments	-1,244	-1,244	24.59	-390.64	1,398	540.11
Provision & Write-off of Bad Debts	14.79	14.79	2.41	6.74	5.03	-2.57
Other Operating Activities	-2,288	3,593	2,165	1,275	1,195	1,379
Change in Accounts Receivable	3,063	3,063	2,588	-3,887	4,056	224.48
Change in Inventory	11,878	11,878	11,590	3,213	-4,060	-2,916
Change in Accounts Payable	-16,800	-16,800	-10,002	12,604	7,114	3,653
Operating Cash Flow	-5,137	622.96	5,575	13,116	8,337	3,092
Operating Cash Flow Growth	-	-88.83%	-57.49%	57.32%	169.64%	-
Capital Expenditures	-59.72	-64.2	-70.61	-108.95	-143.71	-183.99
Sale of Property, Plant & Equipment	0.02	0	0.42	0.42	0.53	78.57
Divestitures	-	-	-	5.68	-	-
Investment in Securities	68.64	46.84	-1,628	-3.33	-2.7	598.4
Other Investing Activities	176.16	137.47	127.35	119.84	251.52	160.12
Investing Cash Flow	185.09	120.1	-1,571	13.66	105.64	653.09
Long-Term Debt Issued	-	12,524	12,712	9,459	14,147	22,137
Long-Term Debt Repaid	-	-14,760	-18,599	-19,781	-20,859	-18,617
Net Debt Issued (Repaid)	1,603	-2,236	-5,886	-10,322	-6,711	3,519
Issuance of Common Stock	-	-	-	-	-	2,300
Repurchase of Common Stock	-	-	-	-	-	-2,702
Common Dividends Paid	-1,301	-1,381	-1,978	-2,668	-3,205	-3,198
Other Financing Activities	1,165	1,463	60.35	-381.21	1,296	-79.04
Financing Cash Flow	1,467	-2,154	-7,804	-13,371	-8,620	-159.43
Net Cash Flow	-3,485	-1,411	-3,800	-241.12	-177.42	3,586
Free Cash Flow	-5,197	558.76	5,504	13,007	8,193	2,908
Free Cash Flow Growth	-	-89.85%	-57.68%	58.75%	181.76%	-
Free Cash Flow Margin	-16.51%	1.85%	21.63%	63.88%	33.36%	12.02%
Free Cash Flow Per Share	-1.99	0.27	3.20	3.63	4.95	1.38
Cash Income Tax Paid	1,710	1,287	1,855	2,851	3,383	2,319
Levered Free Cash Flow	-5,459	306.44	4,517	10,511	7,207	5,213
Unlevered Free Cash Flow	-5,055	710.37	4,999	10,995	7,589	5,633
Change in Working Capital	-1,529	-1,529	4,099	11,477	6,582	512.91

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