SHA:600356 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	197.72	115.82	136.16	128.92	101.37
Depreciation & Amortization	149.67	137.57	132.59	164.13	187.09
Other Amortization	3.14	-	-	-	4.68
Loss (Gain) From Sale of Assets	-17.45	-	-0.08	0.09	-0.02
Asset Writedown & Restructuring Costs	-	6.93	0.38	-	0.16
Loss (Gain) From Sale of Investments	-0.15	-	-	-0.08	-1.76
Provision & Write-off of Bad Debts	-4.77	9.07	-2.52	10.02	6.56
Other Operating Activities	96.68	72.01	71.85	47.88	55.54
Change in Accounts Receivable	78.24	-189.93	59.21	-48.51	-132.4
Change in Inventory	-229.8	-53.36	-210.29	-146.62	-74.35
Change in Accounts Payable	-4.29	139.73	6.59	88.78	9.12
Operating Cash Flow	266.26	233.09	195.73	239.82	153.23
Operating Cash Flow Growth	14.23%	19.09%	-18.38%	56.51%	-55.28%
Capital Expenditures	-140.96	-301.3	-102.94	-35.7	-104.74
Sale of Property, Plant & Equipment	31.3	-	0.1	0.06	0.47
Investment in Securities	-	-	-	30	95
Other Investing Activities	0.15	-	-	0.11	1.74
Investing Cash Flow	-109.51	-301.3	-102.84	-5.54	-7.54
Long-Term Debt Issued	484.05	465.19	298.56	229.87	309
Total Debt Issued	484.05	465.19	298.56	229.87	309
Long-Term Debt Repaid	-281.52	-367.68	-285.56	-293.07	-431.89
Total Debt Repaid	-281.52	-367.68	-285.56	-293.07	-431.89
Net Debt Issued (Repaid)	202.53	97.51	13	-63.2	-122.89
Common Dividends Paid	-63	-68.71	-60.05	-45.27	-69.12
Other Financing Activities	-	-	-	-7.94	-
Financing Cash Flow	139.52	28.79	-47.05	-116.41	-192
Foreign Exchange Rate Adjustments	-0.14	-1.05	3.74	5.03	-2.25
Net Cash Flow	296.13	-40.46	49.57	122.89	-48.56
Free Cash Flow	125.3	-68.21	92.79	204.11	48.48
Free Cash Flow Growth	-	-	-54.54%	321.00%	-60.89%
Free Cash Flow Margin	4.44%	-2.46%	3.50%	8.31%	5.09%
Free Cash Flow Per Share	0.42	-0.23	0.31	0.68	0.12
Cash Income Tax Paid	130.76	117.26	107.72	124.72	140.7
Levered Free Cash Flow	73.42	-108.24	18.74	130.71	63.12
Unlevered Free Cash Flow	79.35	-102.09	27.47	140.33	63.12
Change in Working Capital	-158.58	-108.31	-142.64	-111.15	-200.39

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