SHA:600322 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	-1,285	-1,472	-210.33	37.77	-296.06	-1,844
Depreciation & Amortization	54.85	54.85	80.12	63.24	66.82	77.54
Other Amortization	0.4	0.4	0.4	0.4	0.77	0.92
Loss (Gain) From Sale of Assets	0.01	0.01	0.02	0.01	-0.71	0.07
Asset Writedown & Restructuring Costs	464.9	464.9	4.57	-0.33	0.33	167.61
Loss (Gain) From Sale of Investments	8.54	8.54	-296.98	-0.05	-529.43	36.36
Provision & Write-off of Bad Debts	-	-	-0.01	0.02	0.01	0.07
Other Operating Activities	415.27	555.46	970.71	1,080	789.92	1,914
Change in Accounts Receivable	630.92	630.92	456.82	-2,247	-44.59	271.79
Change in Inventory	477.42	477.42	1,137	2,862	2,006	2,158
Change in Accounts Payable	-324.25	-324.25	-1,531	-580.85	-1,566	-556.85
Operating Cash Flow	443.71	397.07	609.66	1,215	428.3	2,237
Operating Cash Flow Growth	-41.69%	-34.87%	-49.82%	183.65%	-80.85%	-33.71%
Capital Expenditures	-0.05	-0.07	-16.77	-0.49	-0.76	-0.22
Sale of Property, Plant & Equipment	0	0	0	0	0.61	0
Divestitures	-	-	-	-	535.39	-
Investment in Securities	-10.74	-	233.1	-	-	-
Other Investing Activities	-245.21	-245.21	0.2	-	5.4	-
Investing Cash Flow	-256	-245.28	216.53	-0.49	540.64	-0.22
Long-Term Debt Issued	-	1,761	2,673	718.6	2,213	1,035
Short-Term Debt Repaid	-	-	-90	-	-	-
Long-Term Debt Repaid	-	-1,461	-2,400	-1,432	-2,725	-2,638
Total Debt Repaid	-1,329	-1,461	-2,490	-1,432	-2,725	-2,638
Net Debt Issued (Repaid)	285.06	299.87	183.49	-713.55	-511.79	-1,603
Common Dividends Paid	-261.34	-285.79	-686.23	-519.2	-852.2	-813.19
Other Financing Activities	-309.5	-313.32	-240.98	-6.23	-4.44	-2.29
Financing Cash Flow	-285.78	-299.24	-743.73	-1,239	-1,368	-2,418
Net Cash Flow	-98.07	-147.45	82.46	-24.59	-399.48	-181.89
Free Cash Flow	443.66	397	592.88	1,214	427.54	2,236
Free Cash Flow Growth	-40.38%	-33.04%	-51.18%	184.04%	-80.88%	-33.70%
Free Cash Flow Margin	52.48%	41.10%	21.87%	39.78%	12.72%	47.94%
Free Cash Flow Per Share	0.40	0.36	0.54	1.10	0.39	2.02
Cash Income Tax Paid	-	60.06	216.87	121.45	113.05	132.37
Levered Free Cash Flow	6,449	6,306	-413.83	-367.02	306.62	1,874
Unlevered Free Cash Flow	6,449	6,306	-50.98	-5.37	751.92	1,989
Change in Working Capital	785.23	785.23	61.14	33.42	396.64	1,884

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