SHA:600736 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	-208.85	130.62	202.07	308.71	407.48
Depreciation & Amortization	616.73	558.88	444.6	436.54	388.39
Other Amortization	17	26.35	28.78	38.47	36.32
Loss (Gain) From Sale of Assets	-3	0.22	-49.22	-125.69	-6.24
Asset Writedown & Restructuring Costs	466.7	18.61	13.91	5.7	74.66
Loss (Gain) From Sale of Investments	-850.06	-438.35	-607.78	-366.78	-710.06
Provision & Write-off of Bad Debts	-	35.84	28.8	52.97	9.73
Other Operating Activities	851.88	1,043	654.35	937.23	1,540
Change in Accounts Receivable	-869.04	92.09	170.41	756.71	-2,976
Change in Inventory	114.49	-6,618	-302.82	-3,172	-1,831
Change in Accounts Payable	240.29	3,009	-2,114	-3,617	836.91
Change in Other Net Operating Assets	-	-	-	-24.39	-7.73
Operating Cash Flow	355.02	-2,100	-1,516	-4,680	-2,450
Capital Expenditures	-1,434	-1,670	-3,009	-1,489	-1,142
Sale of Property, Plant & Equipment	0.41	29.67	79.29	0	125.25
Cash Acquisitions	-	-807.7	-	-60	-159.42
Divestitures	-	-	6.5	75.96	146.39
Investment in Securities	-1,138	-1,648	-339.89	-406.36	-182.85
Other Investing Activities	180.25	53.31	678.24	923.86	492.07
Investing Cash Flow	-2,392	-4,043	-2,585	-955.92	-720.07
Short-Term Debt Issued	-	-	-	-	3
Long-Term Debt Issued	22,151	18,754	21,365	20,582	19,407
Total Debt Issued	22,151	18,754	21,365	20,582	19,410
Long-Term Debt Repaid	-19,456	-14,121	-14,540	-18,160	-13,294
Total Debt Repaid	-19,456	-14,121	-14,540	-18,160	-13,294
Net Debt Issued (Repaid)	2,695	4,633	6,825	2,423	6,116
Issuance of Common Stock	1,650	1,300	1,190	1,900	-
Common Dividends Paid	-1,502	-1,246	-1,406	-1,689	-1,296
Other Financing Activities	-1,243	-292.56	-190.04	-382.42	1,385
Financing Cash Flow	1,600	4,394	6,419	2,250	6,204
Foreign Exchange Rate Adjustments	-0.46	4.47	-4.11	0.38	-0.2
Net Cash Flow	-437.38	-1,744	2,314	-3,385	3,034
Free Cash Flow	-1,079	-3,770	-4,525	-6,169	-3,591
Free Cash Flow Margin	-19.74%	-51.64%	-57.91%	-57.52%	-29.98%
Free Cash Flow Per Share	-0.31	-3.27	-3.93	-5.36	-3.12
Cash Income Tax Paid	310.85	282.33	101.02	893.97	1,013
Levered Free Cash Flow	-814.86	-7,351	-4,851	-5,917	-4,614
Unlevered Free Cash Flow	-814.86	-6,934	-4,509	-5,533	-4,259
Change in Working Capital	-535.38	-3,475	-2,232	-5,967	-4,190

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