SHA:600308 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	-65.98	36.16	238.05	427.03	808.03
Depreciation & Amortization	815.08	758.64	890	896.02	948.17
Other Amortization	4.4	2.6	0.73	0.7	0.7
Loss (Gain) From Sale of Assets	-0.02	-9.7	-302.46	-4.74	-20.7
Asset Writedown & Restructuring Costs	-0.9	2.87	9.9	15.23	16.84
Loss (Gain) From Sale of Investments	-27.09	-49.38	-41.61	-24.36	-26.44
Provision & Write-off of Bad Debts	9.88	5.83	-11.03	26.27	0.37
Other Operating Activities	213.77	123.61	171.35	111.01	109.89
Change in Accounts Receivable	-354.15	23.56	-82.4	11.58	-77.56
Change in Inventory	-184.69	-381.71	21.53	-0.68	-409.07
Change in Accounts Payable	-236.49	-159.53	-282.43	-647.51	341.91
Operating Cash Flow	186.27	364.76	587.12	853.4	1,742
Operating Cash Flow Growth	-48.93%	-37.87%	-31.20%	-51.00%	-29.97%
Capital Expenditures	-770.17	-1,564	-1,087	-833.28	-656.62
Sale of Property, Plant & Equipment	31.13	635.22	49.25	2.62	43.98
Cash Acquisitions	-	-1.03	-	-	-
Investment in Securities	229.93	124.83	227.33	-177.25	360.48
Other Investing Activities	-20.32	13.42	26.41	23.45	5.83
Investing Cash Flow	-529.43	-791.44	-784.2	-984.45	-246.33
Long-Term Debt Issued	2,769	2,768	2,919	2,221	2,930
Long-Term Debt Repaid	-2,024	-2,380	-2,625	-2,151	-3,428
Net Debt Issued (Repaid)	745.8	388.49	294.36	70.07	-498.1
Repurchase of Common Stock	-10.99	-89.02	-	-479.81	-
Common Dividends Paid	-143.58	-184.69	-107.69	-349.31	-324.05
Other Financing Activities	32.22	170.71	145.59	-26.21	-255.05
Financing Cash Flow	623.44	285.49	332.26	-785.26	-1,077
Foreign Exchange Rate Adjustments	0.68	-14.21	0.16	0.95	0.08
Net Cash Flow	280.96	-155.4	135.34	-915.36	418.06
Free Cash Flow	-583.9	-1,199	-500.06	20.12	1,085
Free Cash Flow Growth	-	-	-	-98.15%	-36.14%
Free Cash Flow Margin	-4.69%	-9.19%	-3.76%	0.13%	7.28%
Free Cash Flow Per Share	-0.35	-0.66	-0.34	0.01	0.66
Cash Income Tax Paid	328.55	407.01	402.98	543.25	627.79
Levered Free Cash Flow	-278.92	-555.66	-1,213	-61.68	564.85
Unlevered Free Cash Flow	-208.92	-491.83	-1,151	-1.09	632.6
Change in Working Capital	-762.87	-505.86	-367.82	-593.78	-95.35

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