SHA:600790 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	303.46	-16.21	140.83	214.42	1,187	432
Depreciation & Amortization	272.2	272.2	242.7	214.54	209.96	229.82
Other Amortization	20.42	20.42	17.49	12.08	10.83	9.64
Gain (Loss) on Sale of Assets	0.01	0.01	-25.32	-0.25	-1,268	-5.52
Gain (Loss) on Sale of Investments	-148.45	-148.45	-142.56	-142.98	-68.56	-159.87
Asset Writedown	9.28	9.28	1.28	1.31	0.11	0.02
Change in Accounts Receivable	-28.94	-28.94	-142.71	9.73	-48.99	60.09
Change in Other Net Operating Assets	-283.29	-283.29	414.86	-287.92	99.55	-355.55
Other Operating Activities	-170.44	163.17	111.09	63.17	15.87	11.21
Operating Cash Flow	-87.29	-73.36	599.11	81.1	159.89	222.45
Operating Cash Flow Growth	-	-	638.76%	-49.28%	-28.13%	-
Acquisition of Real Estate Assets	-1,390	-1,580	-972.45	-1,253	-1,089	-108.53
Sale of Real Estate Assets	497.05	105.31	48.91	200.34	921.17	5.53
Net Sale / Acq. of Real Estate Assets	-892.56	-1,474	-923.53	-1,052	-167.46	-103
Cash Acquisition	-	-	3.45	-51.72	-	-
Investment in Marketable & Equity Securities	-5.8	-9.5	-24.96	-324.89	-19.25	595.88
Other Investing Activities	136.94	135.8	84.53	139.9	58.98	107.63
Investing Cash Flow	-761.43	-1,348	-860.51	-1,289	-127.73	600.51
Long-Term Debt Issued	-	589.44	235.43	3,248	1,120	-
Total Debt Issued	696.89	589.44	235.43	3,248	1,120	-
Long-Term Debt Repaid	-	-453.11	-927.43	-880.2	-320	-
Total Debt Repaid	-459.04	-453.11	-927.43	-880.2	-320	-
Net Debt Issued (Repaid)	237.86	136.34	-692	2,368	800	-
Repurchase of Common Stock	-	-	-	-138.98	-342.35	-
Common Dividends Paid	-247.31	-248.98	-236.38	-291.86	-229.02	-146.58
Other Financing Activities	680.2	667.8	109.5	105.89	18.55	-
Foreign Exchange Rate Adjustments	-0.37	-0.45	-0.29	0.01	0.04	-
Net Cash Flow	-178.34	-866.63	-1,081	835.45	279.37	676.38
Cash Income Tax Paid	108.14	108.14	314.53	145.46	438.5	168.88
Levered Free Cash Flow	256.11	-1,691	-19.03	-1,036	-992.84	-165.01
Unlevered Free Cash Flow	306.55	-1,640	20.2	-1,007	-986.86	-165.01
Change in Working Capital	-374.63	-374.63	252.96	-281.81	43.45	-294.82

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