SHA:600557 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	307.3	391.86	464.16	434.47	320.54
Depreciation & Amortization	191.38	196.38	194.88	189.83	187
Other Amortization	7.31	8.38	5.71	3.65	4.08
Loss (Gain) From Sale of Assets	-0.43	-0.7	-0.76	-1.38	-0.97
Asset Writedown & Restructuring Costs	22.09	1.81	2.65	0.53	2.81
Loss (Gain) From Sale of Investments	-10.24	-20.9	-14.79	-4.2	-4.06
Provision & Write-off of Bad Debts	-	-3.25	0.12	2.07	-0.64
Other Operating Activities	12.96	31.96	5.18	8.74	13.56
Change in Accounts Receivable	218.94	426.77	412.01	-37.18	360.36
Change in Inventory	85.55	-210.9	-11.65	-4.22	39.92
Change in Accounts Payable	-224.45	-116.94	-54.92	402.82	-15.23
Operating Cash Flow	610.59	702.49	972.32	995.94	908.3
Operating Cash Flow Growth	-13.08%	-27.75%	-2.37%	9.65%	29.55%
Capital Expenditures	-521.78	-476.69	-311.29	-211.09	-171.52
Sale of Property, Plant & Equipment	2.04	9.18	2.07	21.92	29.23
Divestitures	-	10.25	-	-	-
Investment in Securities	-4.36	420	-260.45	21.07	-158.5
Other Investing Activities	10.26	22.56	14.8	4.16	4.04
Investing Cash Flow	-513.83	-14.69	-554.88	-163.94	-296.76
Short-Term Debt Issued	-	-	-	-	392
Total Debt Issued	-	-	-	-	392
Short-Term Debt Repaid	-	-	-	-234.5	-645.5
Total Debt Repaid	-	-	-	-234.5	-645.5
Net Debt Issued (Repaid)	-	-	-	-234.5	-253.5
Issuance of Common Stock	-	-	4.86	64.7	-
Repurchase of Common Stock	-	-	-	-	-180
Common Dividends Paid	-91.9	-213.58	-128.51	-2.49	-11.05
Other Financing Activities	-24.49	-288.54	75.36	4	1.64
Financing Cash Flow	-116.39	-502.12	-48.29	-168.29	-442.91
Foreign Exchange Rate Adjustments	-0.04	0.15	0.06	0.15	-
Net Cash Flow	-19.67	185.82	369.21	663.86	168.63
Free Cash Flow	88.81	225.8	661.03	784.85	736.77
Free Cash Flow Growth	-60.67%	-65.84%	-15.78%	6.53%	44.24%
Free Cash Flow Margin	2.70%	5.79%	13.59%	18.04%	20.19%
Free Cash Flow Per Share	0.16	0.39	1.14	1.35	1.29
Cash Income Tax Paid	328.51	416.7	577.46	516.83	361.61
Levered Free Cash Flow	-216.46	173.3	714.46	595.54	574.57
Unlevered Free Cash Flow	-216.46	187.23	728.51	596.74	581.54
Change in Working Capital	80.22	96.95	315.17	362.23	385.97

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