SHA:600684 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	79.58	15.57	-62.96	-1,798	65.79
Depreciation & Amortization	46.4	40.69	75.91	102.12	57.78
Other Amortization	5.3	8.48	8	16.25	11.31
Loss (Gain) From Sale of Assets	-0.07	-2.55	-2.79	-1.55	-0.15
Asset Writedown & Restructuring Costs	-10.32	0.01	-0.01	1,368	0.66
Loss (Gain) From Sale of Investments	-5.17	16.77	3.7	29.76	-20.99
Provision & Write-off of Bad Debts	-	13.06	-0.08	275.52	201.87
Other Operating Activities	35.39	56.71	126.7	70.11	353.68
Change in Accounts Receivable	213.81	464.7	1,624	-254.87	4,487
Change in Inventory	11.64	85.5	4,847	-422.57	-3,435
Change in Accounts Payable	-321.39	-477.45	-6,722	413.78	-2,507
Operating Cash Flow	53.7	219.09	-128.92	-169.05	-731.78
Operating Cash Flow Growth	-75.49%	-	-	-	-
Capital Expenditures	-6.33	-4.81	-7.52	-20.88	-15.29
Sale of Property, Plant & Equipment	0.01	4.06	0.72	1.84	0.41
Cash Acquisitions	-	-	-	-	0.02
Divestitures	-	-	-478.47	-	-11.98
Investment in Securities	259.79	-0.59	-46.11	-3.06	54.12
Other Investing Activities	-5.34	0.65	1,125	0.14	4.08
Investing Cash Flow	248.13	-0.7	593.44	-21.96	31.36
Short-Term Debt Issued	-	811.47	6,241	-	2,712
Long-Term Debt Issued	100	-	-	5,780	4,887
Total Debt Issued	100	811.47	6,241	5,780	7,599
Short-Term Debt Repaid	-	-294	-6,167	-	-3,147
Long-Term Debt Repaid	-200	-1,134	-1,958	-5,195	-3,189
Total Debt Repaid	-200	-1,428	-8,125	-5,195	-6,336
Net Debt Issued (Repaid)	-100	-616.15	-1,884	584.88	1,263
Issuance of Common Stock	733.83	-	-	2.94	-
Common Dividends Paid	-15.18	-27.17	-644.03	-1,386	-1,557
Other Financing Activities	-442.24	5.6	-33.71	-7.96	304.42
Financing Cash Flow	176.41	-637.72	-2,561	-805.79	10.47
Net Cash Flow	478.25	-419.33	-2,097	-996.8	-689.95
Free Cash Flow	47.37	214.28	-136.44	-189.93	-747.07
Free Cash Flow Growth	-77.89%	-	-	-	-
Free Cash Flow Margin	2.98%	13.75%	-4.17%	-3.74%	-20.71%
Free Cash Flow Per Share	0.05	0.28	-0.15	-0.22	-0.91
Cash Income Tax Paid	97.44	128.96	379.39	335.26	858.42
Levered Free Cash Flow	-37.6	436	6,418	499.33	-6,632
Unlevered Free Cash Flow	-37.6	454.3	6,530	726.48	-6,400
Change in Working Capital	-97.4	70.34	-277.38	-231.24	-1,402

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