SHA:600846 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	288.15	406.09	381.26	352.25	577.19
Depreciation & Amortization	93.52	78.04	59.15	60.73	57.02
Other Amortization	8.44	5.7	3.19	1.89	1.69
Loss (Gain) From Sale of Assets	-0.94	0.43	-48.21	-5.07	-6.52
Asset Writedown & Restructuring Costs	21.78	0.07	0.14	0.16	0.29
Loss (Gain) From Sale of Investments	-115.97	-122	-131.61	-146.76	-157.41
Provision & Write-off of Bad Debts	-	17.79	5.95	23.93	3.86
Other Operating Activities	43.41	15.71	82.84	57.17	99.33
Change in Accounts Receivable	-206.14	-813.91	-31.46	-562.82	-284.93
Change in Inventory	341.56	-178.34	-764.8	462.37	1,735
Change in Accounts Payable	482.77	1,256	-1,820	1,756	-1,375
Change in Other Net Operating Assets	-0.01	-128.47	-	-	-
Operating Cash Flow	948.35	524.11	-2,277	1,996	648.72
Operating Cash Flow Growth	80.94%	-	-	207.70%	-59.29%
Capital Expenditures	-20.27	-19.08	-28.41	-25.54	-144.91
Sale of Property, Plant & Equipment	1.46	36.39	64.22	72.33	25.98
Cash Acquisitions	-19.87	-969.34	1.73	-	-
Divestitures	0.81	-	-2.25	-	-356.1
Investment in Securities	-29.1	-29.82	-80.89	34.35	-
Other Investing Activities	101.76	101.45	128.99	84.31	137.65
Investing Cash Flow	34.78	-880.4	83.4	165.45	-337.38
Long-Term Debt Issued	2,447	2,720	1,676	1,107	1,505
Long-Term Debt Repaid	-2,045	-1,913	-1,541	-1,500	-1,819
Net Debt Issued (Repaid)	401.78	806.6	134.95	-392.57	-313.7
Issuance of Common Stock	1.2	-	-	-	-
Repurchase of Common Stock	-	-30.98	-	-	-
Common Dividends Paid	-181.44	-180.48	-147.45	-217.7	-383.82
Other Financing Activities	-28.9	-22.87	-18.84	-19.39	-181.18
Financing Cash Flow	192.64	572.27	-31.34	-629.66	-878.7
Foreign Exchange Rate Adjustments	-0.05	-	-	-	-
Net Cash Flow	1,176	215.98	-2,225	1,532	-567.36
Free Cash Flow	928.08	505.03	-2,305	1,971	503.81
Free Cash Flow Growth	83.77%	-	-	291.13%	-66.02%
Free Cash Flow Margin	20.89%	12.10%	-40.64%	49.98%	8.22%
Free Cash Flow Per Share	1.50	0.81	-3.69	3.13	0.80
Cash Income Tax Paid	477.58	238.92	266.48	299.62	325.65
Levered Free Cash Flow	765.33	-502.85	-2,452	1,755	-597.83
Unlevered Free Cash Flow	765.33	-497.26	-2,425	1,780	-578.43
Change in Working Capital	609.95	122.3	-2,630	1,652	73.27

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