SHA:600581 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	-1,880	-1,752	-1,163	-1,362	1,181
Depreciation & Amortization	1,412	1,242	1,232	1,183	1,116
Other Amortization	18.67	52.1	11.32	10.54	9
Loss (Gain) From Sale of Assets	-1.25	-	1.05	-86.82	-
Asset Writedown & Restructuring Costs	667.95	4.83	23.13	1.56	58.68
Loss (Gain) From Sale of Investments	80.63	36.49	-13.47	-32.81	-33.37
Provision & Write-off of Bad Debts	-	-4.7	12.91	9.59	2.53
Other Operating Activities	533.15	741.97	806.59	795.72	695.72
Change in Accounts Receivable	1,067	-105.59	-117.1	1,106	516.18
Change in Inventory	60.01	240.9	1,269	1,099	-1,237
Change in Accounts Payable	-3,614	1,468	-2,457	-1,754	-2,068
Operating Cash Flow	-1,773	1,589	-572.52	654.43	219.59
Operating Cash Flow Growth	-	-	-	198.03%	-90.24%
Capital Expenditures	-506.71	-1,753	-364.33	-278.39	-446.47
Sale of Property, Plant & Equipment	2.08	0.34	0.21	91.04	257.81
Investment in Securities	-	0.88	-	-	-1,827
Other Investing Activities	2.02	-	3.41	1.56	11.36
Investing Cash Flow	-502.61	-1,751	-360.72	-185.79	-2,005
Long-Term Debt Issued	8,892	8,717	9,492	8,446	7,269
Total Debt Issued	8,892	8,717	9,492	8,446	7,269
Long-Term Debt Repaid	-8,870	-8,411	-8,217	-7,927	-6,436
Total Debt Repaid	-8,870	-8,411	-8,217	-7,927	-6,436
Net Debt Issued (Repaid)	21.74	305.32	1,276	518.8	833.01
Issuance of Common Stock	-	-	-	68.52	-
Repurchase of Common Stock	-	-19.33	-	-	-
Common Dividends Paid	-310.14	-368.21	-367.84	-375.05	-365.02
Other Financing Activities	2,269	-64.47	-64.47	-64.47	-
Financing Cash Flow	1,981	-146.69	843.48	147.8	467.99
Foreign Exchange Rate Adjustments	-	-	0	0	-
Net Cash Flow	-294.55	-309.32	-89.76	616.44	-1,317
Free Cash Flow	-2,279	-163.85	-936.86	376.03	-226.88
Free Cash Flow Margin	-12.16%	-0.88%	-4.08%	1.63%	-0.73%
Free Cash Flow Per Share	-1.48	-0.11	-0.61	0.24	-0.15
Cash Income Tax Paid	336.28	108.32	498.99	109.66	1,479
Levered Free Cash Flow	588.32	-33.57	541.25	1,704	-446.07
Unlevered Free Cash Flow	588.32	333.21	922.02	2,030	-134.56
Change in Working Capital	-2,603	1,268	-1,483	135.28	-2,810

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