SHA:600829 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	136.46	133.84	213.27	292.16	264.48	277.3
Depreciation & Amortization	57.42	57.42	61.54	60.18	63.99	60.44
Other Amortization	5.62	5.62	3.53	5.92	4.5	4.33
Loss (Gain) From Sale of Assets	0.44	0.44	-0.23	0.35	0.36	-0.07
Asset Writedown & Restructuring Costs	2.26	2.26	2.15	0.81	0.3	1.95
Loss (Gain) From Sale of Investments	-	-	-13.9	-3.89	-	-
Provision & Write-off of Bad Debts	59.97	59.97	19.24	24.85	-11.08	9.17
Other Operating Activities	-14.76	24.22	28.22	27.02	27.01	17.82
Change in Accounts Receivable	163.19	163.19	-10.6	-228.88	0.7	-292.96
Change in Inventory	-129.47	-129.47	16.45	-41.41	31.22	17.35
Change in Accounts Payable	-1.15	-1.15	-204.15	201.01	-76.03	-326.39
Operating Cash Flow	263.61	299.98	115.44	332.99	307.33	-233
Operating Cash Flow Growth	76.91%	159.86%	-65.33%	8.35%	-	-
Capital Expenditures	-17.74	-17.16	-8.04	-23.48	-6.42	-12.24
Sale of Property, Plant & Equipment	0.1	0.13	0.15	0.26	0.55	0.69
Other Investing Activities	-	-	-	-156.64	-	-
Investing Cash Flow	-17.65	-17.02	-7.89	-179.86	-5.87	-11.55
Short-Term Debt Issued	-	790	949.22	681.73	1,392	1,320
Total Debt Issued	872.4	790	949.22	681.73	1,392	1,320
Short-Term Debt Repaid	-	-840.6	-1,072	-917.8	-1,299	-699
Long-Term Debt Repaid	-	-42.5	-42.19	-46.42	-42.75	-44.93
Total Debt Repaid	-983.1	-883.1	-1,114	-964.22	-1,342	-743.93
Net Debt Issued (Repaid)	-110.7	-93.1	-165.05	-282.49	50.12	575.74
Common Dividends Paid	-13.6	-20.08	-160.41	-24.62	-30.48	-35.65
Other Financing Activities	-5.5	-	-	424.97	129.88	-197.78
Financing Cash Flow	-129.79	-113.18	-325.46	117.86	149.51	342.31
Net Cash Flow	116.17	169.78	-217.92	270.99	450.97	97.76
Free Cash Flow	245.87	282.82	107.39	309.5	300.91	-245.24
Free Cash Flow Growth	73.83%	163.34%	-65.30%	2.85%	-	-
Free Cash Flow Margin	2.33%	2.73%	1.07%	2.98%	3.12%	-2.63%
Free Cash Flow Per Share	0.42	0.49	0.18	0.53	0.52	-0.42
Cash Income Tax Paid	262.37	256.61	305.32	281.41	254.71	281.28
Levered Free Cash Flow	272.38	347.5	-16.7	366.86	406.36	-152
Unlevered Free Cash Flow	287.48	362.81	0.98	383.88	434.13	-120.55
Change in Working Capital	16.2	16.2	-198.39	-74.41	-42.23	-603.92

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