SHA:600737 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	997.21	958.21	1,713	2,073	748.37	519.52
Depreciation & Amortization	443	443	415.73	399.96	398.77	403.15
Other Amortization	20.42	20.42	17.01	6.45	4.57	10.23
Loss (Gain) From Sale of Assets	-1	-1	-2	-2.19	-4.5	1.15
Asset Writedown & Restructuring Costs	985.32	985.32	25.79	31.45	32.06	-8.72
Loss (Gain) From Sale of Investments	-64.92	-64.92	9.6	-14.22	-105.86	-7.15
Provision & Write-off of Bad Debts	-	-	2.12	0.92	4.55	1.55
Other Operating Activities	790.14	40.84	813.27	755.8	584.08	477.92
Change in Accounts Receivable	509.21	509.21	19.31	109.09	-760.09	-790.52
Change in Inventory	-1,339	-1,339	506.98	-2,728	-633.79	-556.06
Change in Accounts Payable	-274.51	-274.51	-955.05	416.2	-210.79	-80.82
Operating Cash Flow	2,076	1,288	2,634	887.33	-67.11	59.07
Operating Cash Flow Growth	-20.50%	-51.12%	196.87%	-	-	-94.16%
Capital Expenditures	-509.07	-603.02	-739.1	-651.96	-437.39	-386.7
Sale of Property, Plant & Equipment	1.41	1.54	1.41	6.09	11.39	10.77
Divestitures	-	-	-	-	1.96	-0
Investment in Securities	-	-	7.79	926.87	-	670.76
Other Investing Activities	8.27	7.07	4.3	49.33	52.86	35.95
Investing Cash Flow	-499.39	-594.41	-725.61	330.33	-371.18	330.78
Short-Term Debt Issued	-	-	10,894	12,393	9,664	10,093
Long-Term Debt Issued	-	10,459	-	-	-	-
Total Debt Issued	8,422	10,459	10,894	12,393	9,664	10,093
Short-Term Debt Repaid	-	-	-11,070	-12,508	-9,330	-9,384
Long-Term Debt Repaid	-	-9,516	-39.79	-29.97	-34.37	-35.07
Total Debt Repaid	-8,910	-9,516	-11,110	-12,538	-9,364	-9,419
Net Debt Issued (Repaid)	-488.53	942.95	-215.36	-145.32	299.46	673.59
Common Dividends Paid	-946.61	-943.03	-1,835	-1,210	-374.83	-337.17
Other Financing Activities	-71.32	-54.49	-13.51	-89.37	-2	-12.49
Financing Cash Flow	-1,506	-54.57	-2,063	-1,445	-77.38	323.93
Foreign Exchange Rate Adjustments	-33.61	-10.75	-5.98	13.66	73.47	-24.72
Net Cash Flow	36.52	627.97	-160.8	-213.7	-442.2	689.07
Free Cash Flow	1,567	684.67	1,895	235.38	-504.5	-327.63
Free Cash Flow Growth	-15.35%	-63.87%	705.13%	-	-	-
Free Cash Flow Margin	6.08%	2.58%	5.83%	0.71%	-1.90%	-1.30%
Free Cash Flow Per Share	0.73	0.32	0.89	0.11	-0.24	-0.15
Cash Income Tax Paid	492.02	547.25	726.66	1,745	706.52	491.71
Levered Free Cash Flow	1,602	807.35	1,424	-267.26	-727.38	-824.28
Unlevered Free Cash Flow	1,602	807.35	1,479	-204.11	-637.99	-715.47
Change in Working Capital	-1,094	-1,094	-360.69	-2,364	-1,729	-1,339

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