SHA:600337 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	-2,094	-863.61	-463.11	-289.21	228.96
Depreciation & Amortization	423.81	558.24	533.82	566.65	524.75
Other Amortization	124.88	166.8	134.82	123.36	128.91
Loss (Gain) From Sale of Assets	-72.88	-3.7	-2.73	0.8	-0.25
Asset Writedown & Restructuring Costs	325.34	96.64	8.67	3.23	5.97
Loss (Gain) From Sale of Investments	-287.38	-84.28	-0.27	-4.18	0.98
Provision & Write-off of Bad Debts	-	6.05	2.37	0.44	5.88
Other Operating Activities	150.51	240.03	186.7	149.54	162.28
Change in Accounts Receivable	3.86	178.71	-56.74	39.12	52.56
Change in Inventory	663.32	279.51	144.06	-33.73	-304.83
Change in Accounts Payable	412.67	-363.39	49.53	-228.04	-0.44
Operating Cash Flow	49.48	67.26	435.9	212.33	794.73
Operating Cash Flow Growth	-26.43%	-84.57%	105.30%	-73.28%	27.96%
Capital Expenditures	-49.53	-72.63	-129.83	-239.57	-410.04
Sale of Property, Plant & Equipment	14.77	80.54	3.37	4.38	1.23
Cash Acquisitions	-29.76	-	-	-	-
Divestitures	362.66	192.74	-	-	9.84
Investment in Securities	81.83	-	8.71	-30.97	-33.72
Other Investing Activities	-	0.01	1.5	1.91	0.58
Investing Cash Flow	379.96	200.66	-116.25	-264.24	-432.11
Long-Term Debt Issued	2,546	2,607	2,662	1,811	2,226
Long-Term Debt Repaid	-2,973	-3,054	-2,902	-1,929	-2,297
Net Debt Issued (Repaid)	-426.52	-447.66	-240.03	-117.92	-71.84
Issuance of Common Stock	-	-	-	6	-
Repurchase of Common Stock	-	-85.22	-39.25	-28	-66
Common Dividends Paid	-102.37	-100.67	-102.32	-84.2	-77.26
Other Financing Activities	-156.82	-	-	7.09	-3.48
Financing Cash Flow	-685.71	-633.54	-381.6	-217.02	-218.58
Foreign Exchange Rate Adjustments	-2.99	3.35	3.94	4.99	-4.89
Net Cash Flow	-259.25	-362.27	-58	-263.95	139.14
Free Cash Flow	-0.05	-5.37	306.07	-27.25	384.68
Free Cash Flow Growth	-	-	-	-	14.33%
Free Cash Flow Margin	-0.00%	-0.16%	7.32%	-0.61%	7.29%
Free Cash Flow Per Share	-	-0.00	0.21	-0.02	0.25
Cash Income Tax Paid	63.47	183.09	165.45	287.1	319.93
Levered Free Cash Flow	781.52	218.47	398.13	-101.04	433.48
Unlevered Free Cash Flow	781.52	327.49	506.7	-1.24	522.01
Change in Working Capital	1,480	-48.91	35.63	-338.32	-262.75

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