SHA:600660 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	9,312	7,498	5,629	4,756	3,146
Depreciation & Amortization	2,687	2,392	2,223	2,086	2,010
Other Amortization	389.96	335.19	299.15	259.3	241.96
Loss (Gain) From Sale of Assets	31.85	92.21	100.07	127.95	103
Asset Writedown & Restructuring Costs	9.96	19.16	147.03	105.5	-
Loss (Gain) From Sale of Investments	17.98	58.73	31.66	-2.57	-78.24
Provision & Write-off of Bad Debts	-2.32	2.93	16.73	5.03	7.05
Other Operating Activities	494.23	-128.21	-218.37	-676.75	516.33
Change in Accounts Receivable	-2,852	-2,557	-2,780	-1,159	-261.73
Change in Inventory	-832.26	-915.93	230.61	-1,108	-1,065
Change in Accounts Payable	2,514	1,424	1,752	1,455	986.31
Operating Cash Flow	12,055	8,562	7,625	5,893	5,677
Operating Cash Flow Growth	40.79%	12.30%	29.38%	3.81%	7.56%
Capital Expenditures	-6,164	-5,481	-4,475	-3,130	-2,329
Sale of Property, Plant & Equipment	40.04	102.11	92.26	83.42	137.83
Investment in Securities	7.35	5,032	-269.17	-4,593	328.01
Other Investing Activities	17.84	402.75	202.69	-16.36	-
Investing Cash Flow	-6,099	55.73	-4,449	-7,656	-1,863
Short-Term Debt Issued	900	300	-	3,293	1,800
Long-Term Debt Issued	14,182	12,733	17,509	11,577	8,945
Total Debt Issued	15,082	13,033	17,509	14,870	10,745
Short-Term Debt Repaid	-0.2	-0.09	-	-2.03	-1.73
Long-Term Debt Repaid	-12,938	-12,678	-16,192	-13,196	-10,087
Total Debt Repaid	-12,938	-12,678	-16,192	-13,198	-10,089
Net Debt Issued (Repaid)	2,144	355.44	1,316	1,672	655.79
Issuance of Common Stock	-	-	-	-	3,579
Common Dividends Paid	-7,315	-3,714	-3,597	-2,908	-2,278
Other Financing Activities	-	-	-	-	-5.14
Financing Cash Flow	-5,170	-3,358	-2,280	-1,236	1,952
Foreign Exchange Rate Adjustments	-278.83	122.78	218.08	911.39	-248.78
Net Cash Flow	507.01	5,383	1,113	-2,087	5,517
Free Cash Flow	5,891	3,081	3,150	2,763	3,348
Free Cash Flow Growth	91.19%	-2.18%	14.01%	-17.49%	-4.47%
Free Cash Flow Margin	12.87%	7.85%	9.50%	9.83%	14.19%
Free Cash Flow Per Share	2.26	1.18	1.21	1.06	1.31
Cash Income Tax Paid	4,121	2,697	2,003	1,958	1,621
Levered Free Cash Flow	2,312	726.29	954.26	1,068	2,386
Unlevered Free Cash Flow	2,513	906.61	1,134	1,248	2,585
Change in Working Capital	-886.24	-1,708	-604.25	-766.79	-268.96

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