SHA:600616 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	2.56	5.76	104.54	5.16	-12.85
Depreciation & Amortization	42.52	45.28	49.97	50.07	53.09
Other Amortization	2.05	1.65	1.49	1.3	0.87
Loss (Gain) From Sale of Assets	0.6	-1	-190.86	-1.08	-
Asset Writedown & Restructuring Costs	4.8	0.21	9.55	-0.23	0.67
Loss (Gain) From Sale of Investments	-	-1.66	-12.2	-10.95	-11.53
Provision & Write-off of Bad Debts	-	-2.82	2.5	0.48	-0.94
Other Operating Activities	2.26	3.79	4.26	2.09	4.84
Change in Accounts Receivable	-3.96	28.8	-1.85	6.82	16.46
Change in Inventory	17.79	30.14	29.05	29.8	14.99
Change in Accounts Payable	10.73	-22.47	-24.75	18.99	11.21
Operating Cash Flow	74.02	79.26	-3.23	102.05	68.12
Operating Cash Flow Growth	-6.61%	-	-	49.80%	-
Capital Expenditures	-28.21	-20.2	-8.9	-12.12	-15.73
Sale of Property, Plant & Equipment	0.6	5.22	200.64	1.95	0.6
Investment in Securities	-	-23.85	-191.17	-36.39	-140.63
Other Investing Activities	-50.84	-	-	-	-
Investing Cash Flow	-78.44	-38.84	0.58	-46.56	-155.75
Long-Term Debt Issued	31	31	31	10.31	28.52
Total Debt Issued	31	31	31	10.31	28.52
Long-Term Debt Repaid	-31	-38.35	-40.1	-15.6	-39.35
Total Debt Repaid	-31	-38.35	-40.1	-15.6	-39.35
Net Debt Issued (Repaid)	-	-7.35	-9.1	-5.29	-10.83
Common Dividends Paid	-36.23	-35.1	-21.59	-21.84	-21.89
Other Financing Activities	-6.22	-	0.65	-	-
Financing Cash Flow	-42.45	-42.44	-30.05	-27.13	-32.73
Foreign Exchange Rate Adjustments	0.01	0.04	0.13	-0.04	-0.01
Net Cash Flow	-46.87	-1.97	-32.58	28.32	-120.36
Free Cash Flow	45.81	59.06	-12.13	89.92	52.4
Free Cash Flow Growth	-22.43%	-	-	71.63%	-
Free Cash Flow Margin	8.68%	10.22%	-2.12%	13.59%	8.07%
Free Cash Flow Per Share	0.07	0.09	-0.02	0.13	0.08
Cash Income Tax Paid	66.1	63.58	87	68.9	72.34
Levered Free Cash Flow	53.02	53.64	27.8	78.52	62.32
Unlevered Free Cash Flow	53.02	55.47	29.97	80.97	65.12
Change in Working Capital	19.23	28.04	27.5	55.21	33.97

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