SHA:600284 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	361.6	593.37	577.1	559.1	534.85
Depreciation & Amortization	148.81	143.64	94.7	80.56	50.5
Other Amortization	1.03	5.75	5.19	12.53	8.48
Loss (Gain) From Sale of Assets	15.83	-0.04	0.01	-5.93	-
Asset Writedown & Restructuring Costs	-82.01	0.01	0.02	0.16	0.34
Loss (Gain) From Sale of Investments	-161.43	-267.8	-277.03	-299.2	-266.75
Provision & Write-off of Bad Debts	-	57.48	44.23	32.99	27.49
Other Operating Activities	78.2	100.38	96.81	71.98	65.96
Change in Accounts Receivable	-597.69	-3,890	-2,757	-1,778	-2,843
Change in Inventory	50.37	91.76	19.3	632.38	-499.13
Change in Accounts Payable	1,462	3,004	1,616	4,583	3,918
Change in Other Net Operating Assets	-	-	-	-1,318	-87.07
Operating Cash Flow	1,273	-171.74	-594	2,554	902.35
Operating Cash Flow Growth	-	-	-	183.01%	-
Capital Expenditures	-261.52	-273.08	-354.29	-110.44	-413.95
Sale of Property, Plant & Equipment	0	290.89	209.49	225.88	280.44
Cash Acquisitions	-1.72	-	-	1.76	-
Divestitures	-	1.08	-	-	-
Investment in Securities	-456.34	-349.86	-206.28	-881.77	-1,935
Other Investing Activities	330.96	239.89	249.43	300.73	212.37
Investing Cash Flow	-388.62	-91.08	-101.65	-463.84	-1,857
Long-Term Debt Issued	1,800	900	1,053	1,438	1,077
Total Debt Issued	1,800	900	1,053	1,438	1,077
Long-Term Debt Repaid	-2,800	-950	-1,209	-550.1	-279
Total Debt Repaid	-2,800	-950	-1,209	-550.1	-279
Net Debt Issued (Repaid)	-1,000	-50	-155.64	887.9	797.84
Common Dividends Paid	-263.79	-456.9	-295.82	-262.53	-198.48
Other Financing Activities	11.19	1.53	-305.41	-47.75	-135.96
Financing Cash Flow	-1,253	-505.37	-756.87	577.62	463.4
Net Cash Flow	-367.83	-768.19	-1,453	2,668	-490.84
Free Cash Flow	1,012	-444.81	-948.29	2,443	488.4
Free Cash Flow Growth	-	-	-	400.27%	-
Free Cash Flow Margin	7.00%	-2.36%	-5.35%	16.41%	4.29%
Free Cash Flow Per Share	1.04	-0.46	-0.98	2.52	0.50
Cash Income Tax Paid	244.78	359.78	387.18	245.71	219.39
Levered Free Cash Flow	850.06	-178.77	562.46	3,006	1,275
Unlevered Free Cash Flow	850.06	-125.7	614.85	3,045	1,308
Change in Working Capital	911.36	-804.54	-1,135	2,102	481.48

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