SHA:600649 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	244.25	242.71	415.47	782.6	911.54
Depreciation & Amortization	311.2	237.87	218.86	80.66	80.34
Other Amortization	6.77	14.21	3.09	1.78	0.27
Loss (Gain) From Sale of Assets	-0.02	-0.51	-0.21	-	-
Asset Writedown & Restructuring Costs	10.24	-0.09	9.55	0.05	0.02
Loss (Gain) From Sale of Investments	-260.81	-419.44	-522.58	-1,754	-1,504
Provision & Write-off of Bad Debts	-	-0.63	7.69	0.41	0.61
Other Operating Activities	899.75	673.26	789.24	490.04	542.72
Change in Accounts Receivable	7,328	-7,079	-1,294	-1,427	2,684
Change in Inventory	-2,665	3,005	-2,198	-1,369	-20,194
Change in Accounts Payable	-3,782	6,071	4,609	-5,053	5,019
Operating Cash Flow	2,124	2,656	2,096	-8,180	-12,679
Operating Cash Flow Growth	-20.05%	26.76%	-	-	-
Capital Expenditures	-55.26	-184.3	-72.91	-362.71	-209.98
Sale of Property, Plant & Equipment	0.23	848.85	0.37	-	0.07
Investment in Securities	-205.52	-104.86	-638.49	3,489	1,130
Other Investing Activities	139.22	78	297.93	207.11	811.56
Investing Cash Flow	-121.33	637.69	-413.1	3,333	1,732
Long-Term Debt Issued	9,369	8,338	10,438	21,930	10,766
Short-Term Debt Repaid	-	-	-	-62.75	-
Long-Term Debt Repaid	-9,697	-7,742	-6,780	-13,747	-11,092
Total Debt Repaid	-9,697	-7,742	-6,780	-13,810	-11,092
Net Debt Issued (Repaid)	-327.35	596.19	3,657	8,120	-325.43
Repurchase of Common Stock	-	-	-	-100	-
Common Dividends Paid	-1,638	-1,791	-2,016	-2,067	-1,691
Other Financing Activities	-550.32	77.97	-151.35	-1,242	-1,927
Financing Cash Flow	-2,516	-1,117	1,490	4,711	-3,943
Net Cash Flow	-513.31	2,177	3,173	-135.86	-14,890
Free Cash Flow	2,069	2,472	2,023	-8,543	-12,889
Free Cash Flow Growth	-16.32%	22.21%	-	-	-
Free Cash Flow Margin	14.31%	26.21%	79.05%	-100.88%	-140.20%
Free Cash Flow Per Share	0.86	1.02	0.83	-3.38	-5.09
Cash Income Tax Paid	2,317	1,641	1,380	2,081	987.86
Levered Free Cash Flow	2,538	4,393	2,882	-5,439	-15,787
Unlevered Free Cash Flow	2,538	4,821	3,287	-5,134	-15,439
Change in Working Capital	912.55	1,909	1,175	-7,782	-12,710

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