SHA:600968 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	3,884	3,656	3,081	2,416	1,284
Depreciation & Amortization	2,025	2,152	1,860	1,796	1,654
Other Amortization	611.18	523.97	447.1	360.16	380.79
Loss (Gain) From Sale of Assets	-9.93	-1.31	-0.83	-2.24	-3.07
Asset Writedown & Restructuring Costs	25.64	40.95	19.19	43.43	758.84
Loss (Gain) From Sale of Investments	-395.57	-353.69	-393.31	-366.41	-304.59
Provision & Write-off of Bad Debts	18.38	42.44	61.47	157.23	9.61
Other Operating Activities	207.79	205.43	159.35	115.47	153.7
Change in Accounts Receivable	1,327	-1,056	2,165	-1,860	-1,988
Change in Inventory	-53.42	-271.32	102.96	-105.42	-144.83
Change in Accounts Payable	-2,500	609.17	195.02	893.08	869.56
Change in Other Net Operating Assets	3.49	-13.3	28.89	1.06	2.36
Operating Cash Flow	5,078	5,555	7,745	3,416	2,634
Operating Cash Flow Growth	-8.58%	-28.28%	126.75%	29.70%	-36.43%
Capital Expenditures	-2,098	-2,205	-2,222	-2,273	-1,442
Sale of Property, Plant & Equipment	12.83	7.81	3.17	3.94	66.29
Divestitures	156.22	-	-	27.01	-
Investment in Securities	2,075	-3,373	-3,408	-1,260	-393.42
Other Investing Activities	437.74	231.59	262.62	392.55	266.02
Investing Cash Flow	583.85	-5,339	-5,364	-3,109	-1,503
Long-Term Debt Issued	936.66	1,094	982.57	1,630	337.96
Long-Term Debt Repaid	-1,088	-1,112	-476.35	-748.44	-1,146
Net Debt Issued (Repaid)	-150.97	-18.68	506.23	881.66	-807.61
Common Dividends Paid	-1,426	-1,181	-920.35	-580.8	-459.17
Other Financing Activities	-111.26	-88.05	-109.7	-76.09	-60.38
Financing Cash Flow	-1,688	-1,287	-523.82	224.77	-1,327
Foreign Exchange Rate Adjustments	-7.81	17.9	11.41	56.94	-9.74
Net Cash Flow	3,965	-1,054	1,868	587.96	-206.83
Free Cash Flow	2,980	3,349	5,523	1,143	1,191
Free Cash Flow Growth	-11.03%	-39.36%	383.17%	-4.04%	-66.81%
Free Cash Flow Margin	5.92%	6.38%	11.20%	2.39%	3.08%
Free Cash Flow Per Share	0.29	0.33	0.54	0.11	0.12
Cash Income Tax Paid	2,197	1,981	1,845	1,617	1,483
Levered Free Cash Flow	3,032	3,467	5,610	1,220	1,790
Unlevered Free Cash Flow	3,100	3,542	5,670	1,267	1,819
Change in Working Capital	-1,289	-711.25	2,511	-1,104	-1,299

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