SHA:600329 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	2,111	2,229	986.71	861.79	769.14
Depreciation & Amortization	115.66	123.56	130.13	116.56	115.53
Other Amortization	9.38	4.65	3.03	4.11	2.26
Loss (Gain) From Sale of Assets	-2.83	-0.11	-0.15	-1.08	-12.32
Asset Writedown & Restructuring Costs	152.7	113.8	44.36	20.16	1.93
Loss (Gain) From Sale of Investments	-1,646	-1,908	-308.11	-274.22	-213.49
Provision & Write-off of Bad Debts	-	44.78	19.09	9.22	4.89
Other Operating Activities	9.29	39.39	38.92	54.02	32.68
Change in Accounts Receivable	-260.42	26.25	74.01	-732.29	-42.07
Change in Inventory	117.73	21.95	-165.34	58.87	-47.4
Change in Accounts Payable	-113.1	288.5	-56.06	609.67	220.2
Change in Other Net Operating Assets	-	-0.02	-18.98	6.82	10.15
Operating Cash Flow	461.07	924.67	688.49	677.25	852.4
Operating Cash Flow Growth	-50.14%	34.30%	1.66%	-20.55%	26.96%
Capital Expenditures	-118.61	-117.81	-140.93	-107.9	-156.95
Sale of Property, Plant & Equipment	0.39	0.08	0.19	1.49	28.71
Cash Acquisitions	-	-	-	-47.61	-
Divestitures	-	-347.8	-	-	-
Investment in Securities	-1,325	451.25	-606.35	-65.08	-334.92
Other Investing Activities	35.31	356.59	178.18	206.82	151.3
Investing Cash Flow	-1,408	342.31	-568.91	-12.28	-311.85
Long-Term Debt Issued	5	1,221	870.86	205.65	-
Total Debt Issued	5	1,221	870.86	205.65	-
Long-Term Debt Repaid	-2	-522.3	-807.34	-39.87	-1.42
Total Debt Repaid	-2	-522.3	-807.34	-39.87	-1.42
Net Debt Issued (Repaid)	3	698.77	63.52	165.78	-1.42
Repurchase of Common Stock	-	-3.09	-22.67	-	-1.35
Common Dividends Paid	-981.29	-1,011	-877.33	-387.43	-232.06
Other Financing Activities	-2.6	-4.98	2.7	-14.96	-9.87
Financing Cash Flow	-980.88	-319.89	-833.77	-236.62	-244.7
Foreign Exchange Rate Adjustments	-0.22	-0.04	0.05	0.01	-
Net Cash Flow	-1,928	947.05	-714.15	428.35	295.85
Free Cash Flow	342.45	806.86	547.56	569.34	695.45
Free Cash Flow Growth	-57.56%	47.36%	-3.83%	-18.13%	44.21%
Free Cash Flow Margin	6.96%	11.04%	6.66%	6.90%	10.07%
Free Cash Flow Per Share	0.45	1.05	0.71	0.73	0.90
Cash Income Tax Paid	1,210	751.63	765.94	526.93	496.73
Levered Free Cash Flow	-1,211	1,818	360.35	961.19	149.46
Unlevered Free Cash Flow	-1,211	1,843	382.76	967.61	151.29
Change in Working Capital	-288.14	277.05	-225.49	-113.32	151.76

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