SHA:600855 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	-192.17	-245.94	-235.21	5.48	117.4
Depreciation & Amortization	78.31	74.45	67.58	53.28	50.32
Other Amortization	11.33	12.8	7.33	6.34	5.24
Loss (Gain) From Sale of Assets	-1.97	0.35	-1.84	-1.63	-1.74
Asset Writedown & Restructuring Costs	47.19	13.16	49.34	12.14	42.53
Loss (Gain) From Sale of Investments	0.06	0.05	-0.49	-45.19	5.27
Provision & Write-off of Bad Debts	-	53.44	31.94	10.89	0.84
Other Operating Activities	38.13	52.65	16.39	36.44	-2.52
Change in Accounts Receivable	254.4	-7.5	146.91	34.8	-77.33
Change in Inventory	52.81	33.77	122.81	170.3	134.92
Change in Accounts Payable	-303.78	21.28	-171.66	-372.01	-431.66
Operating Cash Flow	-14.6	-12.23	-3.47	-76.16	-154.12
Capital Expenditures	-27.21	-67.76	-89.75	-80.62	-41.64
Sale of Property, Plant & Equipment	0.15	0.53	0.16	0.07	2.23
Divestitures	-	-	-	-0.99	2.52
Investment in Securities	-	-	0.49	-	-
Other Investing Activities	-	-	-	12.66	-
Investing Cash Flow	-27.05	-67.23	-89.09	-68.88	-36.89
Short-Term Debt Issued	-	60	60	60	63.21
Long-Term Debt Issued	40	-	-	-	-
Total Debt Issued	40	60	60	60	63.21
Short-Term Debt Repaid	-	-60	-40	-62.52	-30
Long-Term Debt Repaid	-60	-17.77	-25.73	-40.89	-9.8
Total Debt Repaid	-60	-77.77	-65.73	-103.42	-39.8
Net Debt Issued (Repaid)	-20	-17.77	-5.73	-43.42	23.41
Issuance of Common Stock	-	3.05	322.83	-	104.03
Repurchase of Common Stock	-	-47.16	-33.3	-2.75	-
Common Dividends Paid	-1.76	-2.49	-2.69	-37.46	-55.01
Other Financing Activities	-52.97	-1.76	17.61	-1.72	-
Financing Cash Flow	-74.73	-66.13	298.73	-85.35	72.44
Foreign Exchange Rate Adjustments	-0	-0.03	-0.12	0.1	-0.5
Net Cash Flow	-116.38	-145.61	206.05	-230.3	-119.07
Free Cash Flow	-41.81	-79.99	-93.22	-156.78	-195.75
Free Cash Flow Margin	-3.35%	-6.90%	-6.75%	-8.70%	-7.03%
Free Cash Flow Per Share	-0.09	-0.17	-0.20	-0.36	-0.44
Cash Income Tax Paid	50.85	55.62	89.44	77.42	95.41
Levered Free Cash Flow	94.21	-50.11	-82.69	-219.28	-167.26
Unlevered Free Cash Flow	94.21	-44.2	-76.54	-214.8	-163.5
Change in Working Capital	4.52	26.8	61.5	-153.91	-371.44

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