SHA:600775 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	51.01	-188.85	-237.86	39.87	41.93
Depreciation & Amortization	97.42	97.89	109.01	111.32	109.53
Other Amortization	6.12	9.18	5.74	5.58	3.97
Loss (Gain) From Sale of Assets	0.25	-0.01	-0.47	-0.26	0.72
Asset Writedown & Restructuring Costs	71.76	-0.17	0.05	5.24	-0.05
Loss (Gain) From Sale of Investments	-349.93	-101.07	170.51	-90.28	-66.59
Provision & Write-off of Bad Debts	-	40.91	6.77	23.09	8.69
Other Operating Activities	36.85	80.67	51.83	48.22	56.26
Change in Accounts Receivable	-2.79	-248.79	-57.6	-178.46	237.49
Change in Inventory	-25.59	54.61	36.47	376.18	-195.73
Change in Accounts Payable	118.96	-10.05	-150.38	-192.67	12.62
Operating Cash Flow	2.65	-265.27	-65.85	150.32	208.17
Operating Cash Flow Growth	-	-	-	-27.79%	-61.06%
Capital Expenditures	-47.12	-37.81	-13.82	-20.45	-50.13
Sale of Property, Plant & Equipment	0.63	0.92	0.18	2.31	0.54
Divestitures	-	-	-	1,240	1,954
Investment in Securities	331.13	66.44	-180.45	-1,260	-2,466
Other Investing Activities	128.03	73.36	74.77	74.35	80.8
Investing Cash Flow	412.68	102.91	-119.32	36.21	-480.71
Long-Term Debt Repaid	-	-5.07	-4.55	-11.48	-4.9
Total Debt Repaid	-	-5.07	-4.55	-11.48	-4.9
Net Debt Issued (Repaid)	-	-5.07	-4.55	-11.48	-4.9
Common Dividends Paid	-	-	-12.79	-12.79	-23.76
Other Financing Activities	-10.03	35.35	44.04	-59.3	-0.05
Financing Cash Flow	-10.03	30.27	26.69	-83.57	-28.71
Foreign Exchange Rate Adjustments	0.24	0.19	2.36	3.36	0.43
Net Cash Flow	405.54	-131.9	-156.12	106.31	-300.82
Free Cash Flow	-44.47	-303.09	-79.67	129.87	158.04
Free Cash Flow Growth	-	-	-	-17.83%	-65.91%
Free Cash Flow Margin	-1.79%	-11.46%	-2.74%	3.13%	3.49%
Free Cash Flow Per Share	-0.05	-0.33	-0.09	0.14	0.17
Cash Income Tax Paid	81.42	61.12	115.2	99.03	57.11
Levered Free Cash Flow	199.57	-14.61	-295.15	149.2	-138.2
Unlevered Free Cash Flow	199.57	-14.29	-294.74	149.46	-137.76
Change in Working Capital	89.16	-203.83	-171.43	7.54	53.72

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