SHA:600841 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	2,872	-1,999	-2,463	-1,611	692.98
Depreciation & Amortization	221.41	315.2	387.43	388.12	392.67
Other Amortization	35.18	94.66	38	5.75	0.87
Loss (Gain) From Sale of Assets	0.26	-1.14	-1.68	4.98	9.18
Asset Writedown & Restructuring Costs	41.99	246.77	438.6	392.55	175.2
Loss (Gain) From Sale of Investments	-3,625	-53.49	-155.73	-241.45	-103.28
Provision & Write-off of Bad Debts	15.01	526.13	943.3	757.28	-
Other Operating Activities	205.63	356.33	322.33	76.55	125.67
Change in Accounts Receivable	5,224	1,079	1,750	548.81	-10,053
Change in Inventory	559.77	411.51	119.45	314.73	2,871
Change in Accounts Payable	-5,083	-1,861	-1,117	-2,771	3,691
Operating Cash Flow	519.06	-872.82	283.32	-2,051	-2,176
Capital Expenditures	-157.23	-516.89	-496.48	-442.24	-554.62
Sale of Property, Plant & Equipment	5.38	2.58	6.08	4.6	13.21
Divestitures	-105.25	-	-	-	-
Investment in Securities	-480.25	-9.56	-84.14	526.1	-511.39
Other Investing Activities	50.75	260.03	44.6	205	52.02
Investing Cash Flow	-686.6	-263.84	-529.93	293.47	-1,001
Long-Term Debt Issued	-	542.73	1,729	4,513	850
Long-Term Debt Repaid	-190.33	-921.83	-2,085	-1,601	-20.52
Net Debt Issued (Repaid)	-190.33	-379.1	-355.85	2,912	829.48
Issuance of Common Stock	-	-	-	-	2,000
Repurchase of Common Stock	-	-	-0	-	-
Common Dividends Paid	-12.65	-106.36	-132.32	-307.07	-80.66
Other Financing Activities	-	-	31.07	-	-347.02
Financing Cash Flow	-202.98	-485.46	-457.1	2,605	2,402
Foreign Exchange Rate Adjustments	-10.94	6.69	7.84	37.83	-9.5
Net Cash Flow	-381.47	-1,615	-695.88	885.03	-784.87
Free Cash Flow	361.83	-1,390	-213.16	-2,493	-2,731
Free Cash Flow Margin	6.30%	-21.49%	-2.46%	-25.11%	-11.19%
Free Cash Flow Per Share	0.26	-1.00	-0.14	-1.53	-2.21
Cash Income Tax Paid	-105.79	-30.6	-32.41	-267.01	433.08
Levered Free Cash Flow	-1,588	-476.05	18.87	-2,513	-3,994
Unlevered Free Cash Flow	-1,524	-394.09	110.97	-2,441	-3,987
Change in Working Capital	752.97	-358.31	773.63	-1,823	-3,470

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