SHA:600368 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	557.83	556.5	698.23	660.67	581.8	701.74
Depreciation & Amortization	304.98	304.98	287.61	305.42	267.75	339.94
Other Amortization	10.08	10.08	6.51	6.71	4.25	5.57
Loss (Gain) From Sale of Assets	-	-	-	-	-	-0.03
Asset Writedown & Restructuring Costs	34.07	34.07	-	-0.05	-0.02	-
Loss (Gain) From Sale of Investments	-164.31	-164.31	-163.26	-167.63	-103.46	-240.96
Provision & Write-off of Bad Debts	25.64	25.64	25.4	5.95	0.61	7.18
Other Operating Activities	99.69	78.84	106.08	143.79	160.93	305.44
Change in Accounts Receivable	6.68	6.68	18.94	119.73	1,069	435.15
Change in Inventory	10.84	10.84	32.5	-38.03	-4.75	67.72
Change in Accounts Payable	11.16	11.16	72.44	-45.45	40.09	-3.06
Change in Other Net Operating Assets	-5.87	-5.87	-5.38	-5.38	-5.39	-5.4
Operating Cash Flow	873.81	851.64	1,081	987.78	2,012	1,599
Operating Cash Flow Growth	-10.40%	-21.22%	9.43%	-50.91%	25.84%	105.81%
Capital Expenditures	-2,528	-1,947	-770.55	-244.01	-632.25	-9.22
Sale of Property, Plant & Equipment	0	0.03	-	0.06	0.01	0.05
Divestitures	-	-	-	-	-	103.98
Investment in Securities	144.46	144.46	116.6	146.09	-403.06	58.18
Other Investing Activities	-55.19	-	-	-	-	-
Investing Cash Flow	-2,439	-1,803	-653.95	-97.86	-1,035	152.99
Long-Term Debt Issued	-	2,306	510	490	900	450
Long-Term Debt Repaid	-	-880.41	-958.44	-1,395	-1,145	-1,801
Net Debt Issued (Repaid)	1,806	1,426	-448.44	-904.51	-244.92	-1,351
Common Dividends Paid	-313.61	-305.51	-248.28	-201.07	-345.33	-349.2
Other Financing Activities	-6.11	-6.13	-0.06	-0.04	-0.1	-
Financing Cash Flow	1,486	1,114	-696.78	-1,106	-590.35	-1,700
Net Cash Flow	-79.3	162.66	-269.76	-215.69	386.54	51.51
Free Cash Flow	-1,654	-1,096	310.42	743.78	1,380	1,590
Free Cash Flow Growth	-	-	-58.26%	-46.10%	-13.20%	118.94%
Free Cash Flow Margin	-125.84%	-81.45%	19.87%	45.54%	81.82%	86.84%
Free Cash Flow Per Share	-1.03	-0.68	0.19	0.46	0.94	0.99
Cash Income Tax Paid	167.68	167.52	171.69	192.7	146.53	165.95
Levered Free Cash Flow	-1,895	-1,009	297.68	168.83	1,024	1,329
Unlevered Free Cash Flow	-1,839	-953.45	368.25	250.79	1,101	1,436
Change in Working Capital	5.96	5.96	118.45	31.1	1,101	491.07

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