SHA:600269 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	1,280	1,279	1,177	695.97	892.11
Depreciation & Amortization	1,181	1,135	1,081	1,147	1,142
Other Amortization	9.54	3.67	5.05	6.96	17.74
Loss (Gain) From Sale of Assets	-0.14	-81.92	-28.07	-0.71	-0.28
Asset Writedown & Restructuring Costs	-546.41	-397.86	-253.01	70.72	8.68
Loss (Gain) From Sale of Investments	226.84	237.93	79.4	64.43	307.4
Provision & Write-off of Bad Debts	9.75	-16.08	-12.16	6.65	22.68
Other Operating Activities	447.64	393.14	524.58	607.61	661.89
Change in Accounts Receivable	36.82	299.36	-180.6	-232.56	-299.68
Change in Inventory	318.27	-34.42	628.67	-290.15	-74.82
Change in Accounts Payable	-53.92	-311.53	-581.56	646.53	806.39
Operating Cash Flow	2,975	2,600	2,469	2,575	3,381
Operating Cash Flow Growth	14.42%	5.30%	-4.11%	-23.84%	45.26%
Capital Expenditures	-1,690	-2,426	-2,307	-1,051	-535.67
Sale of Property, Plant & Equipment	2.18	3.26	15.44	2.3	11.19
Investment in Securities	-37.06	189.37	180.28	-227.68	-186.38
Other Investing Activities	-12.59	8.46	29.33	202.83	13.06
Investing Cash Flow	-1,737	-2,225	-2,081	-1,073	-697.79
Long-Term Debt Issued	7,680	9,941	8,825	2,410	5,392
Total Debt Issued	7,680	9,941	8,825	2,410	5,392
Long-Term Debt Repaid	-8,076	-9,225	-7,784	-4,178	-6,648
Net Debt Issued (Repaid)	-395.99	715.94	1,041	-1,768	-1,255
Common Dividends Paid	-606.95	-699.13	-704.38	-718.42	-963.63
Other Financing Activities	-118.24	-56.34	-113.93	-102.56	-171.91
Financing Cash Flow	-1,121	-39.53	222.56	-2,589	-2,391
Net Cash Flow	116.22	335.14	610.28	-1,087	292.41
Free Cash Flow	1,285	173.58	162.67	1,524	2,846
Free Cash Flow Growth	640.23%	6.70%	-89.33%	-46.43%	81.77%
Free Cash Flow Margin	20.45%	2.90%	2.17%	22.55%	44.26%
Free Cash Flow Per Share	0.55	0.07	0.07	0.66	1.21
Cash Interest Paid	39.8	59.7	60.53	54.17	-
Cash Income Tax Paid	524.24	675.83	637.35	620.69	697.99
Levered Free Cash Flow	833.64	-481.37	-311.08	526.25	1,713
Unlevered Free Cash Flow	972.54	-269.22	-51.02	841.11	2,058
Change in Working Capital	366.85	46.76	-104.78	-23.04	328.57

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