SHA:600420 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	-	1,084	691.88	627.79	568.28
Depreciation & Amortization	-	766.23	818.89	842.49	820.27
Other Amortization	-	12.07	6.36	6.06	10.48
Loss (Gain) From Sale of Assets	-	31.31	31.85	1.1	-0.2
Asset Writedown & Restructuring Costs	-	28.26	13.13	3.43	135.66
Loss (Gain) From Sale of Investments	-	-64.11	-27.45	-2.34	24.04
Provision & Write-off of Bad Debts	-	-2.36	-18.05	-17.59	24.87
Other Operating Activities	-	427.46	399.15	393.7	405.67
Change in Accounts Receivable	-	732.85	485.43	463.12	-921.35
Change in Inventory	-	60.54	163.27	625.24	195.31
Change in Accounts Payable	-	-918.52	-832.62	-30.39	444.18
Operating Cash Flow	-	2,256	1,720	2,856	1,680
Operating Cash Flow Growth	-	31.13%	-39.76%	70.01%	7.66%
Capital Expenditures	-	-219.77	-357.19	-307.44	-521.44
Sale of Property, Plant & Equipment	-	21.95	10.96	5	3.72
Investment in Securities	-	3	2.01	-	1.14
Other Investing Activities	-	-661.4	-1,019	-	8.31
Investing Cash Flow	-	-856.23	-1,363	-302.44	-508.28
Long-Term Debt Issued	-	50	45	2,346	3,685
Total Debt Issued	-	50	45	2,346	3,685
Long-Term Debt Repaid	-	-61.44	-774.23	-3,203	-3,402
Total Debt Repaid	-	-61.44	-774.23	-3,203	-3,402
Net Debt Issued (Repaid)	-	-11.44	-729.23	-856.83	282.87
Issuance of Common Stock	-	-	-	1,188	-
Common Dividends Paid	-	-300.68	-189.35	-184.7	-212.46
Other Financing Activities	-	-103.3	-174.8	-581.78	-732.81
Financing Cash Flow	-	-415.42	-1,093	-435.32	-662.41
Foreign Exchange Rate Adjustments	-	29.63	32.07	94.24	-40.08
Net Cash Flow	-	1,014	-703.83	2,212	468.9
Free Cash Flow	-	2,036	1,363	2,548	1,158
Free Cash Flow Growth	-	49.37%	-46.50%	120.01%	-2.03%
Free Cash Flow Margin	-	18.62%	11.29%	19.66%	8.31%
Free Cash Flow Per Share	-	1.52	1.07	2.20	0.98
Cash Income Tax Paid	-	693.04	751.63	617.65	696.29
Levered Free Cash Flow	-	1,668	1,796	1,634	621.88
Unlevered Free Cash Flow	-	1,691	1,832	1,701	690.92
Change in Working Capital	-	-26.52	-195.37	1,001	-309.41

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