SHA:600748 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	-618.02	-291.29	129.02	122.66	183.74
Depreciation & Amortization	286.69	288.37	235.5	198.86	203.53
Other Amortization	0.13	0.02	2.36	2.96	3.52
Loss (Gain) From Sale of Assets	-4.15	-0.58	-0.06	-0.2	-901.3
Asset Writedown & Restructuring Costs	15.08	-	154.29	-	1,119
Loss (Gain) From Sale of Investments	28.53	-223.27	-222.72	22.41	-389.4
Provision & Write-off of Bad Debts	-1.09	-7.2	-5.49	-7.93	1,888
Other Operating Activities	1,010	447.52	1,672	158.74	-54.56
Change in Accounts Receivable	26.44	1,591	503.84	-7,563	-3,965
Change in Inventory	49.45	-84.29	-182.43	7,509	916.64
Change in Accounts Payable	353.36	-2,987	-5,083	1,662	-2,598
Operating Cash Flow	1,118	-1,276	-2,793	2,103	-3,573
Capital Expenditures	-4.07	-2.87	-31.3	-3.95	-19.07
Sale of Property, Plant & Equipment	5.32	0.95	80.05	93.07	838.25
Cash Acquisitions	-	-	-	-	-3.21
Divestitures	31.36	187.89	19.49	-	263.28
Investment in Securities	-7.35	40.07	-50	-2,531	-345.6
Other Investing Activities	84.58	-	-	200	27.24
Investing Cash Flow	109.84	226.04	18.24	-2,242	760.89
Short-Term Debt Issued	-	151.04	97.78	504.73	-
Long-Term Debt Issued	2,743	7,145	7,332	8,038	7,672
Total Debt Issued	2,743	7,296	7,430	8,543	7,672
Short-Term Debt Repaid	-	-	-	-	-0.98
Long-Term Debt Repaid	-2,953	-5,545	-8,014	-8,660	-6,257
Total Debt Repaid	-2,953	-5,545	-8,014	-8,660	-6,257
Net Debt Issued (Repaid)	-209.88	1,751	-584.91	-117.86	1,415
Issuance of Common Stock	1.71	-	-	-	-
Common Dividends Paid	-390.27	-502.56	-658.06	-1,157	-969.34
Other Financing Activities	-	-15.5	-76.42	5,007	572.57
Financing Cash Flow	-598.44	1,233	-1,319	3,731	1,018
Foreign Exchange Rate Adjustments	-	-	0	0.01	-0
Net Cash Flow	628.98	183.16	-4,094	3,593	-1,794
Free Cash Flow	1,114	-1,279	-2,824	2,099	-3,592
Free Cash Flow Margin	32.86%	-51.28%	-28.66%	40.00%	-35.69%
Free Cash Flow Per Share	0.61	-0.70	-1.53	1.20	-1.56
Cash Interest Paid	-	-	-	-	9.11
Cash Income Tax Paid	1,041	1,439	1,311	1,843	1,522
Levered Free Cash Flow	919.26	-2,463	-1,061	11,437	-3,824
Unlevered Free Cash Flow	1,174	-2,152	-820.9	11,535	-3,780
Change in Working Capital	400.85	-1,489	-4,758	1,606	-5,626

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