SHA:600879 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	250.69	548.02	524.85	612.75	549.2
Depreciation & Amortization	727.48	693.18	693.17	635.24	563.42
Other Amortization	7.06	51.32	20.65	17.2	9.83
Loss (Gain) From Sale of Assets	0.09	0.05	-1.37	-0.54	0.06
Asset Writedown & Restructuring Costs	95.15	14.67	42	23	1.07
Loss (Gain) From Sale of Investments	2.62	-306.92	-113.48	0.9	-20.14
Provision & Write-off of Bad Debts	-	36.37	234.03	105.3	49.59
Other Operating Activities	280.88	291.97	325.36	283.25	367.91
Change in Accounts Receivable	-1,735	-754.78	-1,585	-2,296	377.81
Change in Inventory	-2,610	-1,580	-725.18	-5,089	-2,928
Change in Accounts Payable	1,974	659.56	-399.93	4,342	1,279
Operating Cash Flow	-1,033	-402.69	-1,020	-1,377	239.12
Operating Cash Flow Growth	-	-	-	-	-50.26%
Capital Expenditures	-872	-640.75	-614.01	-890.44	-450.75
Sale of Property, Plant & Equipment	1	1.94	25.73	4.14	1.95
Divestitures	-	615.5	-118.29	-	-82.65
Investment in Securities	-	-	-976.23	0	-
Other Investing Activities	1,015	20.79	-	1.54	-0.06
Investing Cash Flow	143.83	-2.53	-1,683	-884.75	-531.52
Short-Term Debt Issued	-	17,600	17,045	-	-
Long-Term Debt Issued	10,697	-	-	18,845	12,420
Total Debt Issued	10,697	17,600	17,045	18,845	12,420
Short-Term Debt Repaid	-	-16,034	-18,371	-	-13,618
Long-Term Debt Repaid	-10,784	-503.35	-313.57	-17,877	-112.49
Total Debt Repaid	-10,784	-16,538	-18,684	-17,877	-13,730
Net Debt Issued (Repaid)	-87.1	1,063	-1,639	968.08	-1,310
Issuance of Common Stock	-	-	4,117	-	-
Common Dividends Paid	-298.82	-333.85	-372.46	-209.09	-290.31
Other Financing Activities	69.2	186.19	239.06	4,348	1,026
Financing Cash Flow	-316.72	914.96	2,345	5,107	-574.61
Foreign Exchange Rate Adjustments	-0	0	0.03	0.02	-0.19
Net Cash Flow	-1,206	509.74	-358.03	2,845	-867.19
Free Cash Flow	-1,905	-1,043	-1,634	-2,268	-211.63
Free Cash Flow Margin	-13.70%	-7.31%	-8.73%	-12.98%	-1.32%
Free Cash Flow Per Share	-0.58	-0.32	-0.55	-0.83	-0.08
Cash Income Tax Paid	487.07	461.19	447.57	373.5	315.31
Levered Free Cash Flow	-1,139	599.85	-1,707	-2,572	715.09
Unlevered Free Cash Flow	-1,139	710.59	-1,592	-2,440	855.65
Change in Working Capital	-2,397	-1,731	-2,745	-3,054	-1,282

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