SHA:600529 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	689.63	942.99	775.8	618.29	591.09
Depreciation & Amortization	394.67	385.15	325.13	295.17	240.64
Other Amortization	0.41	-	-	-	-
Loss (Gain) From Sale of Assets	-1.45	-0.33	5.73	-4.53	-0.59
Asset Writedown & Restructuring Costs	59.54	6.75	48.82	48.25	61.43
Loss (Gain) From Sale of Investments	-26.68	-36.1	-41.23	-5.45	-12.81
Provision & Write-off of Bad Debts	-4.58	2.13	11.42	12	10.87
Other Operating Activities	98.43	39.62	-9.62	-22.23	6.25
Change in Accounts Receivable	299.25	-141.18	-191.12	-242.64	-265.71
Change in Inventory	-520.12	-280.14	125.87	-355.41	-155.06
Change in Accounts Payable	-390.26	288.01	6.88	-100.67	275.3
Change in Other Net Operating Assets	-4.59	-5.2	-3.89	9.26	1.82
Operating Cash Flow	576.92	1,165	1,048	252.44	750.44
Operating Cash Flow Growth	-50.48%	11.17%	315.14%	-66.36%	32.58%
Capital Expenditures	-231.86	-647.79	-671.53	-710.71	-809.26
Sale of Property, Plant & Equipment	3.2	0.63	2.21	11.18	3.45
Investment in Securities	50	-508	-112	-796	-74
Other Investing Activities	30.07	37.31	36.76	7.15	12.56
Investing Cash Flow	-148.59	-1,118	-744.57	-1,488	-867.25
Short-Term Debt Issued	-	-	12.46	5.16	-
Total Debt Issued	-	-	12.46	5.16	-
Long-Term Debt Repaid	-6.41	-	-	-	-
Total Debt Repaid	-6.41	-	-	-	-
Net Debt Issued (Repaid)	-6.41	-	12.46	5.16	-
Issuance of Common Stock	-	-	-	1,842	-
Common Dividends Paid	-370.34	-464.53	-199.08	-178.49	-178.49
Other Financing Activities	-	-	-	-0.96	-
Financing Cash Flow	-376.75	-464.53	-186.62	1,668	-178.49
Foreign Exchange Rate Adjustments	5.79	15.61	9.69	20.19	-6.64
Net Cash Flow	57.38	-401.72	126.48	452.42	-301.94
Free Cash Flow	345.06	517.27	376.45	-458.27	-58.82
Free Cash Flow Growth	-33.29%	37.41%	-	-	-
Free Cash Flow Margin	7.71%	10.55%	7.56%	-10.94%	-1.52%
Free Cash Flow Per Share	0.52	0.78	0.57	-0.76	-0.10
Cash Income Tax Paid	285.73	274.56	252.97	137.17	166.19
Levered Free Cash Flow	193.66	328.88	156.21	-646.81	-132.14
Unlevered Free Cash Flow	193.98	328.89	156.36	-646.64	-131.96
Change in Working Capital	-633.04	-175.16	-68.07	-689.05	-146.43

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