SHA:600655 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	-5,430	125.26	2,024	3,680	3,769
Depreciation & Amortization	776.5	842.86	983.46	1,086	982.12
Other Amortization	155.29	210.49	156.59	132.49	119.35
Loss (Gain) From Sale of Assets	-149.73	-25.3	-79.12	-105.75	-275
Asset Writedown & Restructuring Costs	1,892	215.95	-5.63	8.15	-160.3
Loss (Gain) From Sale of Investments	1,214	-2,884	-3,044	-6,014	-1,983
Provision & Write-off of Bad Debts	-	70.33	58.76	56.78	78.23
Other Operating Activities	2,101	2,106	1,863	1,553	1,340
Change in Accounts Receivable	916.78	209.64	-3,783	-3,848	-959.58
Change in Inventory	5,300	5,593	8,700	791.39	-9,322
Change in Accounts Payable	-3,790	-1,947	-1,874	1,938	290.71
Operating Cash Flow	2,451	4,253	4,747	-207.6	-6,917
Operating Cash Flow Growth	-42.38%	-10.41%	-	-	-
Capital Expenditures	-847.1	-1,232	-681.69	-552.09	-785.21
Sale of Property, Plant & Equipment	173.83	5.22	38.32	1.58	2.02
Cash Acquisitions	-3	61.25	-17.18	-18.65	-
Divestitures	25.18	1,435	3,097	2,020	-660.44
Investment in Securities	1,182	-299.91	31.52	3,897	-3,547
Other Investing Activities	155.73	418.73	188.64	-252	726.8
Investing Cash Flow	686.55	388.12	2,656	5,096	-4,264
Short-Term Debt Issued	-	-	15	20	-
Long-Term Debt Issued	27,210	30,835	25,041	18,431	21,280
Total Debt Issued	27,210	30,835	25,056	18,451	21,280
Long-Term Debt Repaid	-25,790	-32,096	-28,763	-21,777	-11,194
Net Debt Issued (Repaid)	1,420	-1,261	-3,707	-3,327	10,085
Issuance of Common Stock	-	62.86	71.51	42.16	58.21
Repurchase of Common Stock	-	-165.57	-29.21	-191.97	-11.48
Common Dividends Paid	-2,493	-2,724	-3,543	-4,059	-3,637
Other Financing Activities	-1,533	265.97	-1,917	-1,911	391.38
Financing Cash Flow	-2,606	-3,822	-9,124	-9,447	6,887
Foreign Exchange Rate Adjustments	32.14	-53.13	-58.91	15.05	-31.96
Net Cash Flow	563.24	766.03	-1,779	-4,544	-4,326
Free Cash Flow	1,603	3,021	4,066	-759.7	-7,702
Free Cash Flow Growth	-46.93%	-25.68%	-	-	-
Free Cash Flow Margin	4.41%	6.44%	6.99%	-1.51%	-14.82%
Free Cash Flow Per Share	0.41	0.77	1.05	-0.20	-1.99
Cash Income Tax Paid	2,055	2,422	2,750	3,609	4,959
Levered Free Cash Flow	5,385	4,715	2,644	-498.62	-13,431
Unlevered Free Cash Flow	5,385	5,892	3,613	419.66	-12,641
Change in Working Capital	1,891	3,592	2,790	-604.07	-10,787

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