SHA:600609 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	234.96	381.88	121.59	149.92	194.89
Depreciation & Amortization	125.55	126.41	127.07	117.91	111.5
Other Amortization	2.08	0.17	0.27	0.38	0.38
Loss (Gain) From Sale of Assets	-2.6	-1.07	-1.81	-0.06	-0.69
Asset Writedown & Restructuring Costs	-0.72	4.6	2.07	5.71	17.26
Loss (Gain) From Sale of Investments	-29.22	-112.63	-81.46	-52.36	-21.66
Provision & Write-off of Bad Debts	-21.32	-24.31	15.7	46.88	13.77
Other Operating Activities	164	163.76	223.29	275.64	273.33
Change in Accounts Receivable	-279.32	359.16	505.35	-164.84	221.66
Change in Inventory	45.15	-130.19	121.38	-19.88	-41.39
Change in Accounts Payable	292.45	-131.59	-152.68	-12.11	-314.07
Operating Cash Flow	521.07	581.09	850.79	350.37	485.05
Operating Cash Flow Growth	-10.33%	-31.70%	142.83%	-27.77%	43.87%
Capital Expenditures	-73.18	-123.98	-67.36	-186.5	-128.37
Sale of Property, Plant & Equipment	5.42	9.27	11.56	0.11	2.76
Cash Acquisitions	-46.29	-27.93	-	-	-
Divestitures	-	-0.32	0.63	-	-
Investment in Securities	-208.8	110	-110.82	-	-371.08
Other Investing Activities	66.67	102.42	97.36	62.19	42.1
Investing Cash Flow	-256.18	69.47	-68.63	-124.2	-454.59
Short-Term Debt Issued	-	360	454.9	-	-
Long-Term Debt Issued	-	-	-	518.09	1,071
Total Debt Issued	-	360	454.9	518.09	1,071
Short-Term Debt Repaid	-7.5	-870.65	-761.09	-	-
Long-Term Debt Repaid	-0.57	-6.85	-7.25	-783.82	-954.76
Total Debt Repaid	-8.07	-877.5	-768.35	-783.82	-954.76
Net Debt Issued (Repaid)	-8.07	-517.5	-313.45	-265.73	116.33
Issuance of Common Stock	-	41.85	0.42	-	-
Repurchase of Common Stock	-	-50.47	-	-	-
Common Dividends Paid	-0.4	-18.4	-40.65	-54.68	-62.31
Other Financing Activities	-139.49	-167.76	-218.02	-107.32	-356.87
Financing Cash Flow	-147.96	-712.28	-571.7	-427.73	-302.86
Foreign Exchange Rate Adjustments	0.02	0.04	-0.05	0.63	-
Net Cash Flow	116.95	-61.68	210.42	-200.94	-272.4
Free Cash Flow	447.89	457.11	783.43	163.86	356.67
Free Cash Flow Growth	-2.02%	-41.65%	378.10%	-54.06%	61.25%
Free Cash Flow Margin	9.83%	10.47%	15.24%	2.91%	6.87%
Free Cash Flow Per Share	0.34	0.35	0.58	0.12	0.28
Cash Income Tax Paid	265.59	249.96	216.32	237.05	226.36
Levered Free Cash Flow	152.21	374.49	739.58	60.49	557.23
Unlevered Free Cash Flow	152.4	385.52	765.17	93.34	598.64
Change in Working Capital	48.35	42.26	444.06	-193.67	-103.74

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.