SHA:600824 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	122.19	35.33	56.88	-299.65	92.34
Depreciation & Amortization	83.03	87.69	92.61	88.11	98.33
Other Amortization	7.51	11.4	8.34	5.67	4.54
Loss (Gain) From Sale of Assets	7.13	-76.42	-10.51	-0.18	-54.59
Asset Writedown & Restructuring Costs	-174.6	-	-	1.28	5.42
Loss (Gain) From Sale of Investments	-1.88	64.63	-10.27	275.19	-121.07
Provision & Write-off of Bad Debts	-	0.71	0.24	-2.69	0.08
Other Operating Activities	-6.67	7.13	15.82	58.76	79.57
Change in Accounts Receivable	-8.38	-6.67	2.07	33.62	56.28
Change in Inventory	48.39	-5.9	-48.54	-6.31	-14.23
Change in Accounts Payable	0.75	4.55	82.47	-13.49	36.78
Operating Cash Flow	88.83	103.8	187.76	63.11	214.89
Operating Cash Flow Growth	-14.42%	-44.72%	197.53%	-70.63%	-30.14%
Capital Expenditures	-3.66	-43.07	-10.37	-29.34	-15.79
Sale of Property, Plant & Equipment	19.35	73.42	10.53	0.01	54.69
Divestitures	-	-	-27.2	-	-
Investment in Securities	-276	-427.76	87.36	27.5	183.78
Other Investing Activities	12.04	3.5	5.48	1.5	1.5
Investing Cash Flow	-248.27	-393.91	65.8	-0.33	224.18
Short-Term Debt Issued	-	-	-	520	400
Total Debt Issued	-	-	-	520	400
Short-Term Debt Repaid	-	-	-380	-540	-410
Long-Term Debt Repaid	-	-31.56	-42.46	-34.85	-42.48
Total Debt Repaid	-	-31.56	-422.46	-574.85	-452.48
Net Debt Issued (Repaid)	-	-31.56	-422.46	-54.85	-52.48
Common Dividends Paid	-18.97	-17.92	-3.85	-42.1	-68.11
Other Financing Activities	-33.62	-	1.71	0	-0.97
Financing Cash Flow	-52.59	-49.48	-424.61	-96.95	-121.56
Net Cash Flow	-212.03	-339.59	-171.05	-34.17	317.51
Free Cash Flow	85.17	60.73	177.39	33.76	199.1
Free Cash Flow Growth	40.24%	-65.76%	425.37%	-83.04%	-33.28%
Free Cash Flow Margin	12.58%	7.09%	17.22%	4.16%	19.54%
Free Cash Flow Per Share	0.08	0.06	0.17	0.03	0.19
Cash Income Tax Paid	111.98	84.7	86.84	65.26	116.07
Levered Free Cash Flow	-402.17	71.93	167.99	23.41	161.54
Unlevered Free Cash Flow	-402.17	74.09	171.6	35.88	173.72
Change in Working Capital	52.12	-26.67	34.7	-62.82	101.51

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