SHA:600458 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	513.61	444.86	386.16	356.55	181.44
Depreciation & Amortization	867	743.87	633.06	528.43	549.48
Other Amortization	115.16	92.85	60.1	50.75	31.37
Loss (Gain) From Sale of Assets	-8.78	-21.35	2.3	-95.89	-1.33
Asset Writedown & Restructuring Costs	8.8	53.36	20.2	50.04	1.09
Loss (Gain) From Sale of Investments	-7.56	0.31	-4.58	-6.18	0.79
Provision & Write-off of Bad Debts	-71.02	42.16	16.28	-12.71	-17.19
Other Operating Activities	333.42	189.2	94.19	-93.95	150.52
Change in Accounts Receivable	-1,129	-1,290	-852.46	-1,077	-824.54
Change in Inventory	-1,610	443.24	6.62	292.01	-3.14
Change in Accounts Payable	3,209	502.17	385.15	-640.99	194.75
Operating Cash Flow	2,182	1,142	795.43	-655.49	256.37
Operating Cash Flow Growth	91.02%	43.62%	-	-	-89.40%
Capital Expenditures	-948.79	-1,239	-554.71	-414.35	-341.33
Sale of Property, Plant & Equipment	120.11	60.86	8.67	49.41	21.3
Divestitures	17.2	-	-	-	-
Investment in Securities	-29.21	-110	151.64	233.5	-48.46
Other Investing Activities	0.43	0.79	-	2.94	7.72
Investing Cash Flow	-840.26	-1,287	-394.39	-128.49	-360.77
Long-Term Debt Issued	1,551	1,489	1,004	2,603	1,413
Total Debt Issued	1,551	1,489	1,004	2,603	1,413
Long-Term Debt Repaid	-2,664	-1,410	-1,412	-2,342	-1,415
Total Debt Repaid	-2,664	-1,410	-1,412	-2,342	-1,415
Net Debt Issued (Repaid)	-1,113	78.59	-408.28	260.4	-2.6
Issuance of Common Stock	1,291	-	125.3	356.96	-
Common Dividends Paid	-290.23	-203.44	-154.97	-113.07	-136.97
Other Financing Activities	-1.53	-	356.18	-	-
Financing Cash Flow	-113.79	-124.84	-81.77	504.3	-139.57
Foreign Exchange Rate Adjustments	38.86	-35.11	28.24	44.23	-66.19
Net Cash Flow	1,267	-304.48	347.51	-235.45	-310.16
Free Cash Flow	1,233	-96.17	240.72	-1,070	-84.96
Free Cash Flow Margin	5.74%	-0.48%	1.37%	-7.12%	-0.60%
Free Cash Flow Per Share	1.42	-0.12	0.30	-1.32	-0.11
Cash Income Tax Paid	353.39	435.71	401.93	351.86	426.55
Levered Free Cash Flow	1,107	396.58	688.88	-981.67	-159.71
Unlevered Free Cash Flow	1,171	450.5	732.75	-939.82	-123.24
Change in Working Capital	431.51	-402.89	-412.28	-1,433	-639.81

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.