SHA:600593 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	27.26	-70.18	34.38	-76.64	-197.76
Depreciation & Amortization	74.57	64.81	56.24	50.58	45.6
Other Amortization	11.62	14.18	8.29	6.64	6.86
Loss (Gain) From Sale of Assets	1.67	-2.13	-6.89	-1.17	-15.46
Asset Writedown & Restructuring Costs	14.36	5.67	18.29	5.98	26.37
Loss (Gain) From Sale of Investments	23.41	30.41	14.21	11.64	13.14
Provision & Write-off of Bad Debts	5.76	-0.06	0.24	1.82	38.95
Other Operating Activities	75.32	151.77	79.71	29.75	32.94
Change in Accounts Receivable	-31.46	-1.83	13.47	20.37	16.76
Change in Inventory	-0.75	-2.3	-4.11	0.77	-1.92
Change in Accounts Payable	-27.37	24.19	-6.48	-3.22	142.01
Change in Other Net Operating Assets	18.75	-	-	0.6	0.6
Operating Cash Flow	190.51	195.13	205.32	36.93	62.14
Operating Cash Flow Growth	-2.37%	-4.96%	456.04%	-40.57%	368.99%
Capital Expenditures	-69.69	-85.1	-58.84	-57.86	-55.75
Sale of Property, Plant & Equipment	1.82	5.54	4.01	3.54	18.36
Cash Acquisitions	-	-3	-5	-	-
Divestitures	-	-	0.78	-	-0.05
Investment in Securities	-	4.65	-	-	-
Other Investing Activities	-1.14	0.95	0.71	0.83	0.95
Investing Cash Flow	-69.01	-76.95	-58.34	-53.48	-36.49
Short-Term Debt Issued	-	-	-	20	40.5
Long-Term Debt Issued	316.37	147.91	119.64	120.6	129.74
Total Debt Issued	316.37	147.91	119.64	140.6	170.24
Long-Term Debt Repaid	-317.93	-208.31	-159.2	-104.76	-187.55
Net Debt Issued (Repaid)	-1.56	-60.4	-39.56	35.84	-17.31
Issuance of Common Stock	28.03	-	-	-	-
Repurchase of Common Stock	-	-	-10	-	-
Common Dividends Paid	-43.27	-48.07	-33.61	-24.89	-40.61
Other Financing Activities	-59.75	-	-	12.38	1.84
Financing Cash Flow	-76.55	-108.47	-83.17	23.33	-56.08
Net Cash Flow	44.96	9.71	63.81	6.77	-30.44
Free Cash Flow	120.82	110.04	146.49	-20.93	6.38
Free Cash Flow Growth	9.80%	-24.88%	-	-	-
Free Cash Flow Margin	23.84%	21.78%	31.29%	-13.31%	3.12%
Free Cash Flow Per Share	0.93	0.85	1.14	-0.16	0.05
Cash Income Tax Paid	-	43.38	36.77	-8.77	3.57
Levered Free Cash Flow	318.24	112.09	134.6	48.87	78.56
Unlevered Free Cash Flow	346.91	143.87	154.79	69.14	102.83
Change in Working Capital	-43.43	0.67	0.85	8.32	111.48

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