SHA:600592 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	138.5	168.56	125.31	168.31	-5.99	298.16
Depreciation & Amortization	71.96	71.96	69.08	70.4	70.03	73.04
Other Amortization	0.29	0.29	-	-	-	-
Loss (Gain) From Sale of Assets	-0.73	-0.73	-1.76	-25.79	-1.53	-188.01
Asset Writedown & Restructuring Costs	-	-	13.66	13.8	12.43	88.56
Loss (Gain) From Sale of Investments	-84.08	-84.08	-45.79	-33.04	135.57	-70.22
Provision & Write-off of Bad Debts	2.04	2.04	3.73	4.51	5.16	-0.73
Other Operating Activities	126.98	44.22	72	52.27	68.86	1.5
Change in Accounts Receivable	15.55	15.55	99.34	-227.48	56.54	-234.41
Change in Inventory	-21.34	-21.34	-21.45	-76.62	-88.53	-105.66
Change in Accounts Payable	-93.9	-93.9	27.99	75.76	12.77	261.12
Operating Cash Flow	168.68	116	345.34	4.01	191.84	156.16
Operating Cash Flow Growth	-47.93%	-66.41%	8522.65%	-97.91%	22.86%	58.40%
Capital Expenditures	-56.39	-55.38	-57.84	-86.57	-182.72	-131.22
Sale of Property, Plant & Equipment	1	1	147.1	23.32	258.02	25.17
Investment in Securities	-19.86	-19.86	-135.94	-59.96	-255.9	53.26
Other Investing Activities	449.79	73.55	18.4	7.29	27.67	12.16
Investing Cash Flow	374.54	-0.69	-28.28	-115.92	-152.93	-40.63
Long-Term Debt Issued	-	60.51	72.55	274.74	1,209	33
Long-Term Debt Repaid	-	-208.4	-241.58	-368.74	-967	-55.4
Net Debt Issued (Repaid)	-133.27	-147.89	-169.03	-94	242.24	-22.4
Common Dividends Paid	-34.18	-60.71	-55.5	-8.74	-64.35	-54.6
Other Financing Activities	-0.24	-0.24	-0.12	0.9	3.35	-0.29
Financing Cash Flow	-167.68	-208.84	-224.64	-101.84	181.23	-77.29
Foreign Exchange Rate Adjustments	1.53	1.53	1.17	2.75	3.62	-0.24
Net Cash Flow	377.07	-92	93.59	-211	223.77	38
Free Cash Flow	112.3	60.62	287.5	-82.57	9.12	24.93
Free Cash Flow Growth	-57.82%	-78.92%	-	-	-63.41%	-
Free Cash Flow Margin	9.08%	4.50%	16.16%	-4.34%	0.53%	1.74%
Free Cash Flow Per Share	0.28	0.15	0.71	-0.21	0.02	0.06
Cash Income Tax Paid	70.31	69.67	101.93	78.28	74.22	61.04
Levered Free Cash Flow	115.32	27.77	322.51	-364.78	442.82	-444.46
Unlevered Free Cash Flow	116.92	29.62	325.35	-359.29	452.61	-438.57
Change in Working Capital	-86.27	-86.27	109.11	-246.47	-92.67	-46.14

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