SHA:600507 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	942.27	247.85	688.82	1,062	2,732
Depreciation & Amortization	477.29	473.48	435.38	426.34	442
Other Amortization	12.66	14.39	24.55	27.09	43.9
Loss (Gain) From Sale of Assets	-1.18	-32.37	-2.76	-160.55	-1.29
Asset Writedown & Restructuring Costs	12.1	-0.07	10.67	16.97	2.37
Loss (Gain) From Sale of Investments	-157.83	85.96	-11.13	-28.58	-3.35
Provision & Write-off of Bad Debts	8.18	4.71	4.6	1.06	0.13
Other Operating Activities	35.07	31.29	63.46	83.03	91.98
Change in Accounts Receivable	-192.26	-123.41	-141.2	15,440	-2,396
Change in Inventory	89.95	391.64	6.12	165.3	-138.65
Change in Accounts Payable	-753.3	-191.27	-515.65	-13,272	1,364
Operating Cash Flow	463.62	876.01	594.15	3,699	2,154
Operating Cash Flow Growth	-47.08%	47.44%	-83.94%	71.74%	-42.42%
Capital Expenditures	-35.48	-51.25	-88.67	-92.87	-105.93
Sale of Property, Plant & Equipment	0.54	5.12	2.97	223.91	1.3
Cash Acquisitions	-	-	-795	-	-
Divestitures	-	-	-	26.41	-
Investment in Securities	-116.45	-112.51	313.5	-4,342	-390
Other Investing Activities	21.75	7.33	54.6	4.24	3.72
Investing Cash Flow	-129.64	-151.31	-512.6	-4,181	-490.91
Long-Term Debt Issued	120	229.9	813.6	2,455	3,886
Total Debt Issued	120	229.9	813.6	2,455	3,886
Long-Term Debt Repaid	-189.24	-463.33	-2,190	-3,561	-1,095
Total Debt Repaid	-189.24	-463.33	-2,190	-3,561	-1,095
Net Debt Issued (Repaid)	-69.24	-233.43	-1,376	-1,106	2,790
Issuance of Common Stock	-	-	-	754.42	-
Repurchase of Common Stock	-	-258.39	-2.37	-	-
Common Dividends Paid	-73.29	-239.82	-220.29	-2,708	-2,446
Other Financing Activities	10.22	-	-	-	-151.42
Financing Cash Flow	-132.32	-731.64	-1,599	-3,059	193.03
Foreign Exchange Rate Adjustments	-2.48	0.9	2	2.21	-1.84
Net Cash Flow	199.19	-6.04	-1,516	-3,539	1,854
Free Cash Flow	428.14	824.76	505.48	3,606	2,048
Free Cash Flow Growth	-48.09%	63.16%	-85.98%	76.09%	-42.99%
Free Cash Flow Margin	2.35%	3.82%	1.91%	11.46%	9.45%
Free Cash Flow Per Share	0.18	0.36	0.21	1.58	0.95
Cash Income Tax Paid	745.18	623.62	521.26	1,096	1,810
Levered Free Cash Flow	412.51	642.94	1,495	3,501	3,107
Unlevered Free Cash Flow	428.26	659.91	1,535	3,651	3,180
Change in Working Capital	-864.93	50.77	-619.44	2,271	-1,154

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