SHA:600715 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	-45.12	-911.76	-1,647	-1,271	-718.01
Depreciation & Amortization	48.65	106.57	130.86	172.21	194.76
Other Amortization	16.97	44.19	115.34	287.61	166.29
Loss (Gain) From Sale of Assets	-2.75	-19.13	-61.82	-11.48	-36.35
Asset Writedown & Restructuring Costs	18.36	425.65	1,052	379.03	27.84
Loss (Gain) From Sale of Investments	-9.47	-44.27	33.52	-26.08	206.38
Provision & Write-off of Bad Debts	2.18	5.37	-110.31	292.39	-3.56
Other Operating Activities	5.9	158.71	313.9	247.3	240.2
Change in Accounts Receivable	40.6	39.3	81.9	104.63	81.09
Change in Inventory	-0.21	155.7	22.31	-102.27	80.26
Change in Accounts Payable	-231.29	50.33	180.95	0.43	-112.91
Operating Cash Flow	-160.15	11.84	111.21	74.11	128.81
Operating Cash Flow Growth	-	-89.35%	50.06%	-42.46%	-28.73%
Capital Expenditures	-5.57	-1.13	-0.71	-1.1	-4.37
Sale of Property, Plant & Equipment	0.02	0.42	2.96	-	1.2
Cash Acquisitions	-	-	-	12.89	-10.51
Divestitures	-	35.3	-	-	-
Investment in Securities	-503.95	67.58	15.55	964.71	109.53
Other Investing Activities	6.58	5.75	0.68	9.45	4.81
Investing Cash Flow	-502.92	107.92	18.48	985.94	100.66
Long-Term Debt Issued	-	60	651.46	1,048	1,342
Long-Term Debt Repaid	-88.88	-333.86	-749.18	-1,841	-1,768
Net Debt Issued (Repaid)	-88.88	-273.86	-97.72	-792.58	-425.95
Issuance of Common Stock	-	1,066	-	-	-
Common Dividends Paid	-0.32	-0.95	-79.67	-227.29	-131.05
Other Financing Activities	-	-110.97	-	-	1.45
Financing Cash Flow	-89.2	680.23	-177.4	-1,020	-555.55
Foreign Exchange Rate Adjustments	0	0.01	0.14	0.41	-0.19
Net Cash Flow	-752.28	800	-47.56	40.59	-326.27
Free Cash Flow	-165.73	10.72	110.49	73.01	124.43
Free Cash Flow Growth	-	-90.30%	51.34%	-41.33%	-
Free Cash Flow Margin	-51.92%	2.70%	18.14%	9.13%	16.03%
Free Cash Flow Per Share	-0.04	0.00	0.03	0.02	0.03
Cash Income Tax Paid	29.24	34.8	26.19	14.53	49.08
Levered Free Cash Flow	10.24	-465.06	141.77	925.96	-926.53
Unlevered Free Cash Flow	17.12	-377.75	257.88	1,077	-783.71
Change in Working Capital	-194.87	246.52	285.38	3.75	51.24

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