SHA:600556 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	30.87	51.49	92.78	179.92	354.29
Depreciation & Amortization	42.84	50.8	54.18	46.65	38.31
Other Amortization	13.92	14.13	10.84	11.78	8.98
Loss (Gain) From Sale of Assets	-0.58	-1.93	-0.86	-0.18	-
Asset Writedown & Restructuring Costs	4.44	12.78	5.51	62.08	4.62
Loss (Gain) From Sale of Investments	-59.74	-6.21	-12.83	-72.74	3.83
Provision & Write-off of Bad Debts	57.37	60.1	85.4	27.84	35.62
Other Operating Activities	1.97	33.65	32.69	-1.13	-12.3
Change in Accounts Receivable	121.9	-154.7	97.92	30.85	-1,125
Change in Inventory	-8.58	-1.19	7.33	-9.62	-33.09
Change in Accounts Payable	-84.98	110.94	-62.08	-79.24	340.74
Operating Cash Flow	150.25	154.17	298.69	195.77	-437.59
Operating Cash Flow Growth	-2.54%	-48.38%	52.57%	-	-
Capital Expenditures	-66.69	-23.28	-28.66	-239.33	-143.59
Sale of Property, Plant & Equipment	1.08	0.03	0.16	0.09	-
Cash Acquisitions	-5.63	-	-2.91	0.29	-3.3
Divestitures	-30.69	-0	-	-18.49	1.73
Investment in Securities	75.97	-240.3	42.08	-57.94	-97.49
Other Investing Activities	1.35	6.61	18.42	0.27	-0.7
Investing Cash Flow	-7.41	-237.84	39.08	-315.11	-243.35
Short-Term Debt Issued	12.07	-	-	-	99.9
Long-Term Debt Issued	545.97	1,102	1,683	872.48	-
Total Debt Issued	558.04	1,102	1,683	872.48	99.9
Long-Term Debt Repaid	-409.2	-1,720	-1,508	-253.24	-33.7
Total Debt Repaid	-409.2	-1,720	-1,508	-253.24	-33.7
Net Debt Issued (Repaid)	148.84	-617.98	175.18	619.24	66.2
Common Dividends Paid	-22.83	-54.46	-47.94	-45.15	-29.95
Other Financing Activities	-5.54	13.07	-	-57.22	-75.42
Financing Cash Flow	120.46	-659.37	127.24	516.87	-39.16
Foreign Exchange Rate Adjustments	-4.1	-5.08	2.13	-1.05	-2.02
Net Cash Flow	259.2	-748.12	467.14	396.48	-722.12
Free Cash Flow	83.56	130.89	270.03	-43.56	-581.17
Free Cash Flow Growth	-36.16%	-51.53%	-	-	-
Free Cash Flow Margin	2.14%	3.22%	6.43%	-1.05%	-12.88%
Free Cash Flow Per Share	0.05	0.08	0.15	-0.02	-0.33
Cash Income Tax Paid	140.05	137.95	94.84	161.96	138.59
Levered Free Cash Flow	91.72	119.62	211.37	-227.74	-705
Unlevered Free Cash Flow	97.64	137.14	234.71	-219.34	-702.4
Change in Working Capital	59.17	-60.63	30.99	-58.46	-870.93

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