SHA:600750 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	906.69	788.19	718.67	598.24	505.69
Depreciation & Amortization	148.08	136.81	126	122	115.44
Other Amortization	4.24	0.94	0.86	0.45	0.3
Loss (Gain) From Sale of Assets	-0.61	-1.84	-1.22	0.13	-0.9
Asset Writedown & Restructuring Costs	0.68	1.05	2.04	-	-
Loss (Gain) From Sale of Investments	-0.59	9.6	40.05	-61.47	-51.25
Provision & Write-off of Bad Debts	-0.48	8.67	-0.34	1.34	-0.31
Other Operating Activities	1.72	-7.96	15.87	34.65	16.69
Change in Accounts Receivable	256.19	-326.87	257.89	9.75	159.5
Change in Inventory	9.77	10.82	-50	-3.3	-23.63
Change in Accounts Payable	-372.51	175.97	-65.85	309.96	200.5
Change in Other Net Operating Assets	15.24	3.63	8.94	10.66	1.19
Operating Cash Flow	970.87	786.25	1,039	1,022	917.04
Operating Cash Flow Growth	23.48%	-24.36%	1.73%	11.42%	21.87%
Capital Expenditures	-280.57	-290.77	-211.15	-345.73	-188.49
Sale of Property, Plant & Equipment	0.1	13.89	0.25	0.05	1.24
Cash Acquisitions	-48.85	-	-	-	197.89
Investment in Securities	-144.65	234.93	39.68	370.87	-1,308
Other Investing Activities	47.65	122.91	56.65	43.48	60.98
Investing Cash Flow	-426.33	80.97	-114.58	68.67	-1,237
Short-Term Debt Issued	227.64	-	-	30	-
Total Debt Issued	227.64	-	-	30	-
Short-Term Debt Repaid	-	-	-	-30	-
Long-Term Debt Repaid	-1.37	-1.55	-1.95	-2.17	-0.8
Total Debt Repaid	-1.37	-1.55	-1.95	-32.17	-0.8
Net Debt Issued (Repaid)	226.27	-1.55	-1.95	-2.17	-0.8
Issuance of Common Stock	83.95	-	-	8.89	37.96
Repurchase of Common Stock	-0.57	-1.31	-1.12	-2.32	-73.27
Common Dividends Paid	-777.95	-768.46	-816.52	-733.1	-313.37
Other Financing Activities	-19.11	-86.12	-13.48	-	-
Financing Cash Flow	-487.41	-857.44	-833.07	-728.7	-349.48
Net Cash Flow	57.13	9.78	91.82	361.72	-669.02
Free Cash Flow	690.29	495.49	828.31	676.02	728.55
Free Cash Flow Growth	39.32%	-40.18%	22.53%	-7.21%	27.82%
Free Cash Flow Margin	16.36%	11.17%	18.19%	17.40%	25.35%
Free Cash Flow Per Share	1.09	0.79	1.15	1.07	1.15
Cash Income Tax Paid	605.96	532.47	485.59	421.79	392.17
Levered Free Cash Flow	742.34	253.67	541.68	517.63	862.86
Unlevered Free Cash Flow	743.47	254.74	546.04	520.37	865.02
Change in Working Capital	-88.85	-149.22	137.54	326.4	331.38

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