SHA:600820 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	2,320	2,841	2,945	2,855	2,393
Depreciation & Amortization	1,322	1,394	1,644	1,355	1,033
Other Amortization	43.22	44.04	26.45	19.93	16.85
Loss (Gain) From Sale of Assets	-202.26	-50.18	-158.92	-67.99	11.89
Asset Writedown & Restructuring Costs	104.48	10.27	0.91	8.02	4.97
Loss (Gain) From Sale of Investments	-193.07	-1,529	-2,997	-966.77	-246.89
Provision & Write-off of Bad Debts	-	40.82	293.4	144.39	118.54
Other Operating Activities	1,352	1,853	1,899	1,857	1,751
Change in Accounts Receivable	-1,098	-7,387	-7,568	6,022	-12,176
Change in Inventory	150.38	11.39	-347.21	265.97	-8.57
Change in Accounts Payable	-1,317	7,299	7,176	-7,518	10,272
Change in Other Net Operating Assets	7.99	-	-	-6.62	-26.51
Operating Cash Flow	2,192	4,587	3,181	4,047	3,134
Operating Cash Flow Growth	-52.21%	44.22%	-21.40%	29.13%	-0.87%
Capital Expenditures	-1,683	-1,189	-2,061	-3,684	-1,866
Sale of Property, Plant & Equipment	355.36	136.94	123.17	543.82	38.63
Cash Acquisitions	-0.51	-36.82	-	-57.18	-87.39
Divestitures	378.6	-	-	659.31	-12.05
Investment in Securities	-2,626	2,922	50.08	-562.9	-1,320
Other Investing Activities	1,520	703.92	149.38	111.13	16.61
Investing Cash Flow	-2,055	2,537	-1,738	-2,990	-3,230
Long-Term Debt Issued	31,333	14,063	10,365	14,708	15,990
Long-Term Debt Repaid	-29,481	-24,029	-12,105	-16,557	-15,098
Net Debt Issued (Repaid)	1,852	-9,966	-1,740	-1,849	891.62
Issuance of Common Stock	5,000	4,000	-	2,500	-
Common Dividends Paid	-2,606	-2,683	-3,463	-2,441	-2,485
Other Financing Activities	-2,150	3,929	4,557	1,969	2,597
Financing Cash Flow	2,096	-4,720	-646.14	178.55	1,004
Foreign Exchange Rate Adjustments	2.64	-14	16.23	-36.33	4.23
Net Cash Flow	2,235	2,390	812.4	1,199	912.3
Free Cash Flow	508.78	3,398	1,120	362.8	1,268
Free Cash Flow Growth	-85.03%	203.52%	208.62%	-71.39%	-37.50%
Free Cash Flow Margin	0.88%	4.94%	1.51%	0.50%	2.04%
Free Cash Flow Per Share	0.15	1.08	0.36	0.12	0.40
Cash Income Tax Paid	1,936	1,460	1,742	1,442	1,524
Levered Free Cash Flow	2,491	-1,311	2,265	2,921	6,569
Unlevered Free Cash Flow	2,491	-238.19	3,407	3,887	7,646
Change in Working Capital	-2,554	-17.13	-472.78	-1,159	-1,949

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