SHA:600508 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	220.43	715.6	969.12	1,740	373.78
Depreciation & Amortization	1,033	1,015	956.12	960.79	955.34
Other Amortization	5.22	-	-	-	-
Loss (Gain) From Sale of Assets	-6.55	-1.04	-2.26	-40.93	-35.54
Asset Writedown & Restructuring Costs	-	-	0.35	730.98	549.12
Loss (Gain) From Sale of Investments	-	-	-	-203.95	1.4
Provision & Write-off of Bad Debts	0.95	-0.97	0.3	1.32	-1.67
Other Operating Activities	28.16	68.32	112.71	90.83	152.01
Change in Accounts Receivable	-414.98	21.87	305.66	-14.08	-603.61
Change in Inventory	-79.23	23.88	155.45	-176.75	43.22
Change in Accounts Payable	-114.53	-478.84	-1,152	891.61	-169.4
Change in Unearned Revenue	-115.55	15.93	-72.23	54.54	25.47
Change in Other Net Operating Assets	-14.58	-58.64	-32.14	24	19.72
Operating Cash Flow	500.91	1,277	1,383	3,817	1,202
Operating Cash Flow Growth	-60.76%	-7.72%	-63.76%	217.69%	93.08%
Capital Expenditures	-1,050	-1,220	-1,133	-1,001	-942.07
Sale of Property, Plant & Equipment	4.95	17.65	25.4	109.07	42.28
Divestitures	-	-	-	364.49	-
Investment in Securities	-	-	-	-85.85	-
Investing Cash Flow	-1,045	-1,203	-1,108	-612.98	-899.79
Long-Term Debt Issued	344.37	224	360	552	1,350
Total Debt Issued	344.37	224	360	552	1,350
Long-Term Debt Repaid	-258.91	-325.67	-128.14	-1,363	-998.08
Net Debt Issued (Repaid)	85.46	-101.67	231.86	-810.59	351.92
Common Dividends Paid	-259.86	-488.12	-563.74	-205.18	-295.79
Other Financing Activities	-	-	-	-	-2.58
Financing Cash Flow	-174.4	-589.79	-331.89	-1,016	53.55
Net Cash Flow	-718.64	-515.81	-56.53	2,189	355.41
Free Cash Flow	-549.19	56.33	249.96	2,817	259.57
Free Cash Flow Growth	-	-77.47%	-91.13%	985.19%	-
Free Cash Flow Margin	-7.15%	0.59%	2.28%	22.30%	2.56%
Free Cash Flow Per Share	-0.76	0.08	0.35	3.90	0.36
Cash Interest Paid	-	-	-	-	2.58
Cash Income Tax Paid	780.62	1,179	2,187	1,789	890.78
Levered Free Cash Flow	-190.8	96.7	240.94	2,575	404.57
Unlevered Free Cash Flow	-134.72	164.19	303.89	2,638	476.57
Change in Working Capital	-780.14	-520.11	-653.02	538.64	-792.79

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