SHA:600307 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	-1,998	-2,617	-1,050	-2,476	1,488
Depreciation & Amortization	1,455	1,180	1,314	1,418	1,406
Other Amortization	0.56	10.46	0.53	0.5	0.5
Loss (Gain) From Sale of Assets	3.1	3.06	-	-	-83.4
Asset Writedown & Restructuring Costs	450.07	39.04	-0.04	0.97	154.97
Loss (Gain) From Sale of Investments	-12.16	-55.12	-86.71	-37.52	-16.98
Provision & Write-off of Bad Debts	-	-3.42	-12.14	-301.08	16.7
Other Operating Activities	668.05	895.09	674.62	827	1,039
Change in Accounts Receivable	-10.53	-369.02	-207.07	-1,644	-3,914
Change in Inventory	-878.73	1,026	-125.81	2,512	-1,985
Change in Accounts Payable	-193.82	-1.09	-8.26	1,704	5,678
Change in Other Net Operating Assets	4.21	-2.05	5.59	-150.73	57.16
Operating Cash Flow	-430.05	107.5	503.55	1,543	3,829
Operating Cash Flow Growth	-	-78.65%	-67.37%	-59.69%	242.35%
Capital Expenditures	-4,665	-5,376	-3,291	-2,184	-705.44
Sale of Property, Plant & Equipment	2	1.17	-	0.01	146.02
Divestitures	-	16.43	-	-	7.45
Investment in Securities	-	-	-	66.31	-
Other Investing Activities	23.41	279.74	75.71	20.15	10.49
Investing Cash Flow	-4,640	-5,079	-3,215	-2,098	-541.48
Long-Term Debt Issued	20,291	19,266	18,854	14,068	18,343
Long-Term Debt Repaid	-16,209	-16,963	-17,089	-16,043	-22,870
Net Debt Issued (Repaid)	4,082	2,303	1,765	-1,975	-4,526
Common Dividends Paid	-833.83	-775.13	-638.04	-532.45	-647.5
Other Financing Activities	1,349	1,760	1,922	2,690	1,923
Financing Cash Flow	4,598	3,288	3,049	182.54	-3,251
Foreign Exchange Rate Adjustments	0.34	0.26	-6.63	13.05	-21.28
Net Cash Flow	-471.49	-1,683	330.88	-358.93	15.27
Free Cash Flow	-5,095	-5,269	-2,787	-640.99	3,123
Free Cash Flow Growth	-	-	-	-	1283.71%
Free Cash Flow Margin	-16.66%	-15.12%	-7.07%	-1.44%	6.42%
Free Cash Flow Per Share	-0.82	-0.84	-0.45	-0.10	0.50
Cash Income Tax Paid	444.11	357.8	359.93	509.31	1,728
Levered Free Cash Flow	-3,241	-3,936	-1,018	679.26	3,377
Unlevered Free Cash Flow	-3,241	-3,570	-656.23	1,006	3,772
Change in Working Capital	-996.3	655.89	-336.46	2,111	-176.47

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