SHA:600716 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-416.8	-387.28	-178.78	7.67	-391.36	35.3
Depreciation & Amortization	41.71	41.71	34.18	22.47	21.58	20.59
Other Amortization	0.15	0.15	0.45	0.55	0.47	0.18
Loss (Gain) From Sale of Assets	-	-	-0	-	-0.2	-0.48
Asset Writedown & Restructuring Costs	32.91	32.91	9.83	-0	2.44	13.95
Loss (Gain) From Sale of Investments	-22.69	-22.69	-22.31	-43.55	40.9	-38.24
Provision & Write-off of Bad Debts	0.06	0.06	0.01	-0.08	-6.02	3.31
Other Operating Activities	290.12	331.36	189.04	53.4	421.25	55.76
Change in Accounts Receivable	39.27	39.27	-60.94	29.68	78.02	37.82
Change in Inventory	183.84	183.84	60.14	92.8	-2,214	-28.04
Change in Accounts Payable	-11.27	-11.27	109.34	-111.77	-508.5	-177.02
Operating Cash Flow	138.23	209	144.61	56.96	-2,538	-127.18
Operating Cash Flow Growth	-8.59%	44.52%	153.91%	-	-	-
Capital Expenditures	-4.03	-1.75	-0.19	-0.99	-0.29	-1.12
Sale of Property, Plant & Equipment	0.01	0.01	0	0.01	0.09	3.05
Investment in Securities	-	-	-	197.91	-	46.63
Other Investing Activities	-86.34	13.66	17.37	16.11	17.43	-68.36
Investing Cash Flow	-90.37	11.92	17.18	213.04	17.23	-19.8
Long-Term Debt Issued	-	-	200	240	1,809	200
Short-Term Debt Repaid	-	-100	-400	-	-	-
Long-Term Debt Repaid	-	-129.98	-325.53	-347.84	-114.34	-708.49
Total Debt Repaid	-229.98	-229.98	-725.53	-347.84	-114.34	-708.49
Net Debt Issued (Repaid)	-229.98	-229.98	-525.53	-107.84	1,695	-508.49
Common Dividends Paid	-44.21	-46.92	-63.76	-80.32	-44.54	-73.86
Other Financing Activities	3.5	-	-	-	-	-
Financing Cash Flow	-270.69	-276.89	-589.29	-188.16	1,650	-582.34
Net Cash Flow	-222.82	-55.98	-427.49	81.84	-870.81	-729.33
Free Cash Flow	134.2	207.25	144.42	55.97	-2,538	-128.3
Free Cash Flow Growth	-11.19%	43.50%	158.05%	-	-	-
Free Cash Flow Margin	28.17%	39.60%	17.08%	8.66%	-417.81%	-29.09%
Free Cash Flow Per Share	0.14	0.22	0.15	0.06	-2.71	-0.14
Cash Income Tax Paid	69.02	71.41	54.45	41.95	-	118.28
Levered Free Cash Flow	1,185	388.05	471.58	-1,427	-967.54	-793.16
Unlevered Free Cash Flow	1,212	414.68	497.82	-1,394	-948.68	-781.01
Change in Working Capital	212.77	212.77	112.2	16.5	-2,627	-217.56

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