SHA:600741 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	7,207	6,704	7,214	7,203	6,469
Depreciation & Amortization	6,070	6,063	5,910	5,592	5,613
Other Amortization	522	309.31	280.86	264.45	211.24
Loss (Gain) From Sale of Assets	-324.8	-374.19	-120	-67.29	-524.99
Asset Writedown & Restructuring Costs	317.37	28.32	93.72	98.9	168.6
Loss (Gain) From Sale of Investments	-2,836	-2,686	-2,878	-2,922	-3,562
Provision & Write-off of Bad Debts	105.76	96.66	86.91	-12.92	51.02
Other Operating Activities	1,910	1,951	1,922	1,468	2,158
Change in Accounts Receivable	-11,661	-7,095	-6,835	-6,097	-3,276
Change in Inventory	-118.02	1,456	-347.26	-2,601	-1,717
Change in Accounts Payable	8,565	1,854	6,495	7,455	3,553
Operating Cash Flow	9,523	8,229	11,316	9,989	8,848
Operating Cash Flow Growth	15.72%	-27.28%	13.28%	12.90%	-5.63%
Capital Expenditures	-4,752	-4,509	-4,898	-5,201	-5,062
Sale of Property, Plant & Equipment	948.5	653.57	137.08	140.89	979.45
Cash Acquisitions	-	-77.16	-	-2.47	-
Divestitures	53.35	26.08	119.33	-	1,601
Investment in Securities	-67.11	-7,563	369.65	190.91	677.67
Other Investing Activities	2,688	2,056	3,093	2,562	2,779
Investing Cash Flow	-1,129	-9,413	-1,179	-2,310	975.48
Long-Term Debt Issued	7,637	8,040	7,689	9,937	12,215
Long-Term Debt Repaid	-9,791	-8,771	-6,548	-12,060	-11,036
Net Debt Issued (Repaid)	-2,153	-731.46	1,140	-2,122	1,180
Common Dividends Paid	-3,034	-2,945	-3,272	-3,100	-2,713
Other Financing Activities	-1,166	-585.71	-1,049	-989.5	-12,247
Financing Cash Flow	-6,353	-4,262	-3,180	-6,212	-13,780
Foreign Exchange Rate Adjustments	8.04	-1.31	-78.22	12.35	-27.1
Net Cash Flow	2,049	-5,448	6,879	1,480	-3,983
Free Cash Flow	4,771	3,720	6,418	4,788	3,786
Free Cash Flow Growth	28.24%	-42.03%	34.03%	26.46%	-29.52%
Free Cash Flow Margin	2.59%	2.19%	3.81%	3.02%	2.71%
Free Cash Flow Per Share	1.51	1.18	2.04	1.52	1.20
Cash Income Tax Paid	4,978	4,291	6,649	5,169	4,478
Levered Free Cash Flow	2,811	1,585	5,342	3,147	144.34
Unlevered Free Cash Flow	3,306	2,106	5,783	3,465	424.59
Change in Working Capital	-3,448	-3,863	-1,194	-1,635	-1,736

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