SHA:600916 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	304.62	275.43	818.39	973.48	765.33	794.43
Depreciation & Amortization	67.27	67.27	65.59	70.71	51.98	46.22
Other Amortization	29.55	29.55	22.98	19.57	25.43	23.67
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0.21	-2.05	-	1.1
Asset Writedown & Restructuring Costs	0.06	0.06	0.01	0.24	0.02	0
Loss (Gain) From Sale of Investments	120.35	120.35	107.95	378.29	125.01	-103.76
Provision & Write-off of Bad Debts	7.93	7.93	-7.92	14.26	12.1	7.32
Other Operating Activities	853.84	1,104	828.17	142.13	196.82	61.99
Change in Accounts Receivable	543.57	543.57	494.76	-171.91	-65.73	-33.93
Change in Inventory	-380.95	-380.95	675.94	-540.08	168.54	-402.49
Change in Accounts Payable	-1,175	-1,175	-1,316	718.59	-52.4	402.17
Operating Cash Flow	281.18	502.01	1,656	1,577	1,193	814.95
Operating Cash Flow Growth	-	-69.69%	5.04%	32.14%	46.41%	46.71%
Capital Expenditures	-34.27	-31.91	-76.85	-60.07	-40.69	-32.11
Sale of Property, Plant & Equipment	0	-	-	0.02	-	0.03
Investment in Securities	-	-	-	-129.83	-	-40
Other Investing Activities	-2,710	-1,900	-	-	-	-
Investing Cash Flow	-2,744	-1,932	-76.85	-189.88	-40.69	-72.08
Short-Term Debt Issued	-	800	3,600	-	-	-
Total Debt Issued	800	800	3,600	-	-	-
Short-Term Debt Repaid	-	-800	-3,600	-	-	-
Long-Term Debt Repaid	-	-82.52	-43.08	-77.1	-48.21	-14.98
Total Debt Repaid	-882.52	-882.52	-3,643	-77.1	-48.21	-14.98
Net Debt Issued (Repaid)	-82.52	-82.52	-43.08	-77.1	-48.21	-14.98
Issuance of Common Stock	-	-	-	-	-	830.96
Common Dividends Paid	-614.61	-615.09	-806.12	-550.88	-471.57	-352.72
Other Financing Activities	17.76	79.01	-82.37	-	-	-
Financing Cash Flow	-679.37	-618.6	-931.57	-627.98	-519.78	463.26
Net Cash Flow	-3,142	-2,048	647.79	758.81	632.73	1,206
Free Cash Flow	246.91	470.1	1,579	1,517	1,153	782.84
Free Cash Flow Growth	-	-70.23%	4.14%	31.59%	47.22%	46.69%
Free Cash Flow Margin	0.33%	0.67%	2.61%	2.69%	2.45%	1.54%
Free Cash Flow Per Share	0.14	0.27	0.95	0.90	0.69	0.47
Cash Income Tax Paid	443.31	443.31	548.42	544.65	442.9	464.61
Levered Free Cash Flow	632.66	1,130	1,806	1,347	998.7	385.72
Unlevered Free Cash Flow	656.82	1,157	1,845	1,386	1,044	450.67
Change in Working Capital	-1,102	-1,102	-178.75	-19.96	16.51	-16.02

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