SHA:600593 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	51.11	27.26	-70.18	34.38	-76.64	-197.76
Depreciation & Amortization	74.34	74.34	65.05	56.24	50.58	45.6
Other Amortization	11.85	11.85	13.94	8.29	6.64	6.86
Loss (Gain) From Sale of Assets	1.67	1.67	-2.13	-6.89	-1.17	-15.46
Asset Writedown & Restructuring Costs	9.01	9.01	5.67	18.29	5.98	26.37
Loss (Gain) From Sale of Investments	23.41	23.41	30.41	14.21	11.64	13.14
Provision & Write-off of Bad Debts	-0.02	-0.02	-0.06	0.24	1.82	38.95
Other Operating Activities	83.7	86.44	151.77	79.71	29.75	32.94
Change in Accounts Receivable	-31.46	-31.46	-1.83	13.47	20.37	16.76
Change in Inventory	-0.75	-0.75	-2.3	-4.11	0.77	-1.92
Change in Accounts Payable	-27.37	-27.37	24.19	-6.48	-3.22	142.01
Change in Other Net Operating Assets	18.75	18.75	-	-	0.6	0.6
Operating Cash Flow	211.62	190.51	195.13	205.32	36.93	62.14
Operating Cash Flow Growth	27.16%	-2.37%	-4.96%	456.04%	-40.57%	368.99%
Capital Expenditures	-69.38	-69.69	-85.1	-58.84	-57.86	-55.75
Sale of Property, Plant & Equipment	0.91	1.82	5.54	4.01	3.54	18.36
Cash Acquisitions	-2	-2	-3	-5	-	-
Divestitures	-	-	-	0.78	-	-0.05
Investment in Securities	-	-	4.65	-	-	-
Other Investing Activities	-141.18	0.86	0.95	0.71	0.83	0.95
Investing Cash Flow	-211.65	-69.01	-76.95	-58.34	-53.48	-36.49
Short-Term Debt Issued	-	-	-	-	20	40.5
Long-Term Debt Issued	-	426.37	147.91	119.64	120.6	129.74
Total Debt Issued	230.07	426.37	147.91	119.64	140.6	170.24
Long-Term Debt Repaid	-	-487.67	-208.31	-159.2	-104.76	-187.55
Net Debt Issued (Repaid)	-84.38	-61.31	-60.4	-39.56	35.84	-17.31
Issuance of Common Stock	28.03	28.03	-	-	-	-
Repurchase of Common Stock	-	-	-	-10	-	-
Common Dividends Paid	-21.29	-21.27	-32.12	-33.61	-24.89	-40.61
Other Financing Activities	183.29	-22	-15.95	-	12.38	1.84
Financing Cash Flow	105.65	-76.55	-108.47	-83.17	23.33	-56.08
Net Cash Flow	105.62	44.96	9.71	63.81	6.77	-30.44
Free Cash Flow	142.24	120.82	110.04	146.49	-20.93	6.38
Free Cash Flow Growth	59.90%	9.80%	-24.88%	-	-	-
Free Cash Flow Margin	27.62%	23.84%	21.78%	31.29%	-13.31%	3.12%
Free Cash Flow Per Share	1.09	0.93	0.85	1.14	-0.16	0.05
Cash Income Tax Paid	35.52	35.77	43.38	36.77	-8.77	3.57
Levered Free Cash Flow	107.81	-45.93	112.09	134.6	48.87	78.56
Unlevered Free Cash Flow	136.48	-17.26	143.87	154.79	69.14	102.83
Change in Working Capital	-43.43	-43.43	0.67	0.85	8.32	111.48

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