SHA:600598 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	1,166	1,087	1,064	975.29	770.21
Depreciation & Amortization	302.17	304.72	267.48	239.84	240.98
Other Amortization	14.2	5.7	8.67	12.53	7.38
Loss (Gain) From Sale of Assets	-0.37	0.24	-0.34	-1.31	-0.07
Asset Writedown & Restructuring Costs	84.97	62.69	80.76	109.3	90.99
Loss (Gain) From Sale of Investments	-67.52	21.4	30.21	66.1	34.21
Provision & Write-off of Bad Debts	-1.11	0.49	-0.08	-21.14	-11.72
Other Operating Activities	-4.96	6.63	29.37	-26.67	-24.6
Change in Accounts Receivable	56.39	-38.01	-24.9	13.6	97.85
Change in Inventory	-175.05	81.12	-67.74	-7.43	32.1
Change in Accounts Payable	-133.36	-37.47	127.94	-100.44	-11.12
Change in Other Net Operating Assets	-1.05	-0.1	-0.4	-0.24	-0.13
Operating Cash Flow	1,240	1,494	1,515	1,259	1,226
Operating Cash Flow Growth	-16.96%	-1.38%	20.27%	2.72%	3.09%
Capital Expenditures	-172.36	-445.13	-579.03	-349	-258.98
Sale of Property, Plant & Equipment	0.54	0.35	2.54	1.81	0.39
Divestitures	-	-	0	-	-
Investment in Securities	-1,540	-1,100	-850	1,150	-256.19
Other Investing Activities	117.95	35.75	4.94	31.18	37.31
Investing Cash Flow	-1,594	-1,509	-1,422	834.05	-477.47
Long-Term Debt Issued	-	48.06	-	-	-
Long-Term Debt Repaid	-57.52	-36.14	-34.14	-13.75	-0.97
Net Debt Issued (Repaid)	-57.52	11.91	-34.14	-13.75	-0.97
Common Dividends Paid	-976.39	-780.77	-746.63	-711.07	-711.32
Other Financing Activities	2.36	1.98	0.63	3.16	-
Financing Cash Flow	-1,032	-766.87	-780.14	-721.66	-712.29
Net Cash Flow	-1,385	-782.08	-687.02	1,372	36.31
Free Cash Flow	1,068	1,049	935.65	910.42	967.09
Free Cash Flow Growth	1.85%	12.08%	2.77%	-5.86%	15.81%
Free Cash Flow Margin	20.43%	19.64%	18.55%	21.36%	26.65%
Free Cash Flow Per Share	0.60	0.59	0.53	0.51	0.54
Cash Income Tax Paid	51.5	39.83	35.55	39.31	36.9
Levered Free Cash Flow	610.91	508.46	389.8	393.59	898.29
Unlevered Free Cash Flow	611.14	509.64	389.8	393.59	898.29
Change in Working Capital	-253.07	4.73	34.9	-94.51	118.7

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