SHA:600801 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	2,853	2,416	2,762	2,699	5,364
Depreciation & Amortization	-	3,775	3,676	2,567	2,147
Other Amortization	-	129.91	120.17	80.51	67.94
Loss (Gain) From Sale of Assets	-	-749.84	-426.53	7.16	-17.24
Asset Writedown & Restructuring Costs	-	89.95	51.92	99.02	67.81
Loss (Gain) From Sale of Investments	-	-90.92	-19.32	-45.61	-28.35
Provision & Write-off of Bad Debts	-	92.51	62.29	16.6	24.88
Other Operating Activities	3,841	1,316	1,286	738.15	705.45
Change in Accounts Receivable	-	-1,604	-2,096	-1,921	-802.01
Change in Inventory	-	406.74	376.21	136.01	-1,086
Change in Accounts Payable	-	168.11	514.82	145.05	1,106
Operating Cash Flow	6,694	5,977	6,236	4,568	7,595
Operating Cash Flow Growth	11.99%	-4.14%	36.51%	-39.86%	-9.64%
Capital Expenditures	-2,620	-4,535	-4,850	-7,718	-6,229
Sale of Property, Plant & Equipment	566.35	439	220.67	36.18	43.15
Cash Acquisitions	-5,762	-101.79	-2,101	-66.37	-928.38
Divestitures	-	-	-	-	0.02
Investment in Securities	-1,191	613.77	6.8	-300	300
Other Investing Activities	255.62	-88.19	269.67	-335.15	20.6
Investing Cash Flow	-8,751	-3,672	-6,454	-8,383	-6,794
Long-Term Debt Issued	13,940	6,561	5,836	6,399	4,518
Short-Term Debt Repaid	-	-	-	-23.26	-68.97
Long-Term Debt Repaid	-8,574	-5,840	-4,714	-2,282	-2,530
Total Debt Repaid	-8,574	-5,840	-4,714	-2,306	-2,599
Net Debt Issued (Repaid)	5,366	721.29	1,123	4,093	1,918
Issuance of Common Stock	-	446.32	221.16	546.01	153.33
Repurchase of Common Stock	-	-39.17	-19.01	-	-
Common Dividends Paid	-2,969	-1,801	-1,762	-2,545	-2,829
Other Financing Activities	359.95	-799.27	-514.36	-322.32	124.51
Financing Cash Flow	2,756	-1,472	-951.75	1,772	-632.25
Foreign Exchange Rate Adjustments	-92.12	15.89	-75.81	109.35	-38.41
Net Cash Flow	607.69	848.92	-1,246	-1,934	130.23
Free Cash Flow	4,074	1,443	1,385	-3,150	1,366
Free Cash Flow Growth	182.43%	4.12%	-	-	-71.65%
Free Cash Flow Margin	11.53%	4.22%	4.10%	-10.34%	4.21%
Free Cash Flow Per Share	1.96	0.69	0.67	-1.52	0.66
Cash Income Tax Paid	3,976	3,245	3,445	3,073	3,207
Levered Free Cash Flow	6,060	-758.23	78.78	-865.51	1,408
Unlevered Free Cash Flow	6,555	-256.73	530.07	-611.41	1,582
Change in Working Capital	-	-1,002	-1,277	-1,594	-736.03

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