SHA:600831 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	-1,538	-1,499	-1,059	-626.34	9.95	63.87
Depreciation & Amortization	541.64	541.64	615.72	606.44	560.65	584.92
Other Amortization	50.55	50.55	11.69	20.99	30.05	32.99
Loss (Gain) From Sale of Assets	0.01	0.01	-0.11	-0.05	-1.04	-8.58
Asset Writedown & Restructuring Costs	28.07	28.07	8.39	-0.25	0.01	-0.06
Loss (Gain) From Sale of Investments	15.09	15.09	6.51	8.78	-5.97	-2.06
Provision & Write-off of Bad Debts	665.53	665.53	251.37	136.42	82.51	77.54
Other Operating Activities	293.44	239.92	302.14	268.97	154.36	125.97
Change in Accounts Receivable	262.77	262.77	19.66	-424.7	-840.42	-1,033
Change in Inventory	-12.33	-12.33	3.06	20.61	-23.44	0.83
Change in Accounts Payable	47.63	47.63	144.41	123.77	232.73	272.53
Operating Cash Flow	352.2	338.44	299.8	136.52	199.47	120.08
Operating Cash Flow Growth	17.09%	12.89%	119.60%	-31.56%	66.11%	-43.28%
Capital Expenditures	-135.41	-160.52	-327.62	-1,021	-962.26	-1,346
Sale of Property, Plant & Equipment	0	0	0.01	-	-	9.12
Investment in Securities	-0.33	-	2.23	102.65	0.5	-120.95
Other Investing Activities	0.21	0.21	-	-	-0.94	2.61
Investing Cash Flow	-135.53	-160.31	-325.38	-918.07	-962.71	-1,455
Short-Term Debt Issued	-	75	170	-	-	-
Long-Term Debt Issued	-	2,869	2,999	3,210	3,467	2,391
Total Debt Issued	2,627	2,944	3,169	3,210	3,467	2,391
Short-Term Debt Repaid	-	-91.8	-	-	-	-
Long-Term Debt Repaid	-	-2,698	-3,121	-2,320	-2,463	-1,163
Total Debt Repaid	-2,665	-2,790	-3,121	-2,320	-2,463	-1,163
Net Debt Issued (Repaid)	-38.3	153.45	48.48	890.21	1,004	1,228
Common Dividends Paid	-219.71	-220.2	-218.17	-229.19	-231.29	-151.49
Other Financing Activities	-26.66	0.55	-	10.02	-	-3.23
Financing Cash Flow	-284.67	-66.19	-169.69	671.04	772.6	1,074
Net Cash Flow	-67.99	111.94	-195.27	-110.51	9.36	-261.6
Free Cash Flow	216.79	177.92	-27.82	-884.2	-762.8	-1,226
Free Cash Flow Margin	21.34%	16.13%	-1.80%	-38.30%	-25.44%	-40.80%
Free Cash Flow Per Share	0.30	0.25	-0.04	-1.24	-1.06	-1.70
Cash Income Tax Paid	14.14	13.01	14.8	12.72	-24.5	6.1
Levered Free Cash Flow	478.65	489.17	13.36	-1,046	-945.84	-1,622
Unlevered Free Cash Flow	630.11	640.64	161.5	-891.14	-849.94	-1,553
Change in Working Capital	296.29	296.29	163.17	-278.45	-631.04	-754.53

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