SHA:600895 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	775.17	986.12	982.42	947.9	822.22	740.62
Depreciation & Amortization	482.7	482.7	285.16	268.43	293.46	267.16
Other Amortization	18.92	18.92	6.96	16.63	9.57	9.85
Loss (Gain) From Sale of Assets	46.23	46.23	-24.81	-0	-	-
Asset Writedown & Restructuring Costs	0.02	0.02	-	0.04	0.06	-
Loss (Gain) From Sale of Investments	-337.21	-337.21	-1,015	-851.17	-650.94	-139.82
Provision & Write-off of Bad Debts	-26.1	-26.1	-4.25	0.69	0.67	1.34
Other Operating Activities	906.88	591.08	608.43	511.86	446.71	337.24
Change in Accounts Receivable	39.56	39.56	-1,199	-237.92	91.36	-120.43
Change in Inventory	-1,783	-1,783	-3,821	-5,281	-2,444	-1,861
Change in Accounts Payable	469.23	469.23	1,824	1,751	1,047	394.26
Operating Cash Flow	501.58	396.73	-2,401	-2,785	-455.74	-427.95
Capital Expenditures	-621.71	-470.42	-2,062	-1,949	-1,590	-990.2
Sale of Property, Plant & Equipment	0.03	0.03	-	0	-	-
Cash Acquisitions	0.06	0.06	-	-	-	-
Investment in Securities	801.83	487.44	407.06	-703.12	-261.68	-1,116
Other Investing Activities	429.52	481.6	317.54	542.14	587.19	437.06
Investing Cash Flow	609.73	498.71	-1,337	-2,109	-1,264	-1,669
Short-Term Debt Issued	-	-	-	26.65	-	48
Long-Term Debt Issued	-	13,927	11,065	14,946	10,238	13,885
Total Debt Issued	12,028	13,927	11,065	14,973	10,238	13,933
Long-Term Debt Repaid	-	-13,029	-8,227	-9,728	-6,699	-10,573
Net Debt Issued (Repaid)	502.39	898.69	2,838	5,245	3,539	3,360
Issuance of Common Stock	-	699.58	1,649	-	-	-
Common Dividends Paid	-1,113	-1,160	-1,225	-947.97	-832.76	-1,074
Other Financing Activities	198	79.2	53.9	-	-	-
Financing Cash Flow	-412.82	517.16	3,316	4,297	2,706	2,286
Foreign Exchange Rate Adjustments	-64.5	-33.73	19.5	12.26	43.55	-5.36
Net Cash Flow	633.99	1,379	-403.11	-585.36	1,030	183.25
Free Cash Flow	-120.13	-73.69	-4,463	-4,734	-2,045	-1,418
Free Cash Flow Margin	-3.16%	-1.76%	-225.03%	-233.69%	-107.28%	-67.63%
Free Cash Flow Per Share	-0.07	-0.05	-2.86	-3.05	-1.32	-0.92
Cash Income Tax Paid	599.78	453.36	525.61	577.27	562.03	356.44
Levered Free Cash Flow	5,785	5,078	-922.68	-4,842	-2,755	-716.78
Unlevered Free Cash Flow	6,163	5,445	-554.37	-4,520	-2,457	-443.45
Change in Working Capital	-1,365	-1,365	-3,240	-3,680	-1,377	-1,644

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.