SHA:600416 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	220.7	248.96	299.88	260.23	79.47
Depreciation & Amortization	288.12	258.09	255.05	256.59	261.16
Other Amortization	0.08	6.37	0.06	0.06	-
Loss (Gain) From Sale of Assets	-3.86	-12.79	-0.22	-0.39	1.58
Asset Writedown & Restructuring Costs	26.77	1.48	3.19	0	0.16
Loss (Gain) From Sale of Investments	-49.37	-4.88	-3.92	-1.26	-12.75
Provision & Write-off of Bad Debts	-	28.16	-23.17	78.34	5.63
Other Operating Activities	7.88	43.66	34.37	182.41	196.15
Change in Accounts Receivable	113.17	-389.34	217.1	-153.19	-178.46
Change in Inventory	-496.65	-335.8	-160	32.16	-228.37
Change in Accounts Payable	610.3	362.1	-230.74	-181.96	-322.88
Change in Other Net Operating Assets	-14.34	77.91	143.11	-97.03	107.09
Operating Cash Flow	701.45	283.92	534.71	375.75	-85.13
Operating Cash Flow Growth	147.06%	-46.90%	42.30%	-	-
Capital Expenditures	-214.58	-276.81	-236.56	-435.51	-82.77
Sale of Property, Plant & Equipment	4.27	12.56	0.1	2.4	0.29
Cash Acquisitions	-	-	-25.24	-	-
Divestitures	0.66	-	-	-	162.13
Investment in Securities	-207.79	-	-15.87	-661.88	-191.11
Other Investing Activities	0.05	0.04	3.09	4.58	25.22
Investing Cash Flow	-417.39	-264.21	-274.48	-1,100	-86.24
Long-Term Debt Issued	1,624	2,198	3,158	4,217	3,847
Long-Term Debt Repaid	-3,174	-2,092	-3,061	-5,301	-4,788
Net Debt Issued (Repaid)	-1,550	106.31	96.72	-1,084	-940.68
Issuance of Common Stock	1,982	-	-	2,970	1,069
Common Dividends Paid	-46.1	-56.42	-58.61	-143.38	-158.11
Other Financing Activities	-41.31	2	3.29	-42.14	0.98
Financing Cash Flow	344.59	51.89	41.4	1,700	-29.28
Foreign Exchange Rate Adjustments	-0.06	-0.09	0.31	0.55	-0.53
Net Cash Flow	628.58	71.51	301.94	976.24	-201.17
Free Cash Flow	486.87	7.1	298.16	-59.76	-167.9
Free Cash Flow Growth	6753.32%	-97.62%	-	-	-
Free Cash Flow Margin	9.96%	0.15%	6.53%	-1.31%	-4.17%
Free Cash Flow Per Share	0.35	0.01	0.23	-0.05	-0.15
Cash Income Tax Paid	145.27	189.96	192.68	262.91	149.97
Levered Free Cash Flow	723.51	-314.97	487.51	-99.98	-607.6
Unlevered Free Cash Flow	723.51	-279.66	525.75	-10.28	-507.34
Change in Working Capital	211.15	-285.13	-30.54	-400.23	-616.53

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