SHA:600966 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	157.49	155.49	175.82	181.83	228.07	1,706
Depreciation & Amortization	765.07	765.07	781.91	704.2	779.92	765.46
Other Amortization	32.01	32.01	46.15	27.63	31.24	11.68
Loss (Gain) From Sale of Assets	-1.99	-1.99	-0.86	-43.47	-17.16	13.92
Asset Writedown & Restructuring Costs	61.46	61.46	2.55	55.53	7.59	7.75
Loss (Gain) From Sale of Investments	-	-	3.14	29.88	64.41	57.51
Provision & Write-off of Bad Debts	-	-	14.36	5.46	6.74	-3.84
Other Operating Activities	18.5	362.52	360.66	369.6	387.06	334.5
Change in Accounts Receivable	26.02	26.02	-545.51	-29.7	-644.78	764.48
Change in Inventory	115.46	115.46	76.66	1,226	-1,661	-607.75
Change in Accounts Payable	518.25	518.25	-247.93	-445.04	1,002	585.59
Operating Cash Flow	1,723	2,065	695.24	2,119	179.94	3,645
Operating Cash Flow Growth	19.66%	197.06%	-67.18%	1077.36%	-95.06%	1.35%
Capital Expenditures	-472.1	-483.01	-549.42	-541	-1,501	-308.31
Sale of Property, Plant & Equipment	-	-	0.4	265.67	0	6.68
Investment in Securities	-	-	6.52	2.9	38.98	-14.19
Other Investing Activities	0.09	-	-	-	3.78	8.44
Investing Cash Flow	-472.01	-483.01	-542.51	-272.43	-1,458	-307.39
Long-Term Debt Issued	-	9,266	9,009	6,921	9,007	6,504
Long-Term Debt Repaid	-	-11,265	-9,091	-7,317	-7,127	-8,503
Net Debt Issued (Repaid)	-373.51	-2,000	-81.53	-395.29	1,879	-1,999
Common Dividends Paid	-325.13	-339.04	-419.51	-406.47	-821.33	-465.96
Other Financing Activities	-427.98	626.56	-27.22	-478.7	131.65	-626.53
Financing Cash Flow	-1,127	-1,712	-528.26	-1,280	1,189	-3,092
Foreign Exchange Rate Adjustments	-7.04	0.66	4.56	-4.99	23.95	-2
Net Cash Flow	117.58	-129.38	-370.97	560.71	-64.6	243.57
Free Cash Flow	1,251	1,582	145.81	1,578	-1,321	3,336
Free Cash Flow Growth	33.87%	985.16%	-90.76%	-	-	2.37%
Free Cash Flow Margin	6.57%	8.26%	0.77%	8.44%	-7.19%	20.50%
Free Cash Flow Per Share	0.97	1.25	0.12	1.27	-1.02	2.52
Cash Income Tax Paid	363.03	363.81	185.07	-33.57	1,277	849.13
Levered Free Cash Flow	-430.55	-927.3	-1,172	1,872	-1,512	1,013
Unlevered Free Cash Flow	-430.55	-927.3	-979.18	2,079	-1,294	1,236
Change in Working Capital	690.72	690.72	-688.51	787.95	-1,308	752.07

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