SHA:600502 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	2,220	1,345	1,553	1,380	1,096
Depreciation & Amortization	482.64	471.36	442.32	400.73	296.64
Loss (Gain) From Sale of Assets	-24.96	-22.18	-9.07	-0.48	-17.03
Asset Writedown & Restructuring Costs	153.61	5.63	-3.92	-2.59	-
Loss (Gain) From Sale of Investments	-22.08	-84.08	-84.22	44.13	-44.91
Provision & Write-off of Bad Debts	-	2,090	1,666	1,049	1,329
Other Operating Activities	3,922	2,931	3,175	2,551	2,133
Change in Accounts Receivable	-10,251	-24,628	-20,981	-15,161	-20,716
Change in Inventory	3,833	3,352	1,966	-1,690	635.53
Change in Accounts Payable	1,057	15,772	15,885	10,661	9,968
Change in Other Net Operating Assets	254.26	377.35	469.24	306.47	163.87
Operating Cash Flow	1,288	1,215	3,671	-782.75	-5,492
Operating Cash Flow Growth	6.07%	-66.91%	-	-	-
Capital Expenditures	-13,089	-9,643	-4,327	-3,268	-1,332
Sale of Property, Plant & Equipment	80.75	83.96	62.51	71.93	39.26
Cash Acquisitions	-	-18.58	-	-	25.46
Divestitures	-	114.89	186.39	-	-
Investment in Securities	-627.36	-912.82	-926.52	-160.2	-303.49
Other Investing Activities	522.59	457.78	379.57	543.9	350.94
Investing Cash Flow	-13,113	-9,918	-4,625	-2,813	-1,220
Long-Term Debt Issued	48,405	40,778	28,079	26,056	27,495
Long-Term Debt Repaid	-33,317	-30,069	-25,400	-19,259	-21,033
Net Debt Issued (Repaid)	15,088	10,710	2,679	6,797	6,462
Issuance of Common Stock	4,000	3,000	1,500	2,160	2,600
Common Dividends Paid	-3,108	-2,724	-3,520	-3,701	-2,867
Other Financing Activities	-2,273	66.62	1,460	1,096	880.39
Financing Cash Flow	13,707	11,052	2,119	6,352	7,076
Foreign Exchange Rate Adjustments	-11.21	0.74	6.66	4.6	-8.62
Net Cash Flow	1,871	2,349	1,171	2,762	355.3
Free Cash Flow	-11,801	-8,428	-655.82	-4,051	-6,824
Free Cash Flow Margin	-14.18%	-8.73%	-0.72%	-5.06%	-9.57%
Free Cash Flow Per Share	-6.19	-4.89	-0.38	-2.35	-3.99
Cash Interest Paid	-	143.86	70.52	49.69	44.89
Cash Income Tax Paid	2,746	2,494	2,053	1,464	2,488
Levered Free Cash Flow	-4,032	-4,193	-2,183	-1,764	-3,634
Unlevered Free Cash Flow	-4,032	-2,682	-638.45	-568.4	-2,750
Change in Working Capital	-5,443	-5,522	-3,069	-6,205	-10,285

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