SHA:600989 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	11,350	6,338	5,651	6,303	7,070
Depreciation & Amortization	3,264	2,157	1,797	1,444	1,313
Other Amortization	40.16	30.73	26.49	10.04	4.71
Loss (Gain) From Sale of Assets	-2.45	-	77.56	101.59	34.66
Asset Writedown & Restructuring Costs	110.63	114.93	-	-	1.91
Loss (Gain) From Sale of Investments	-358.11	-16.1	-39.05	-	0.04
Provision & Write-off of Bad Debts	0.17	-0.06	8	0.33	-
Other Operating Activities	1,162	786.11	340.82	255.66	313.22
Change in Accounts Receivable	435.88	-342.04	-1,258	-2,204	-3,805
Change in Inventory	-571.26	-429.69	-184.67	-701.72	-280.11
Change in Accounts Payable	1,034	-162.28	2,157	1,113	1,552
Change in Other Net Operating Assets	434.65	434.52	91.31	293.92	289.62
Operating Cash Flow	16,851	8,898	8,693	6,626	6,488
Operating Cash Flow Growth	89.39%	2.36%	31.19%	2.13%	25.16%
Capital Expenditures	-6,643	-11,529	-12,842	-9,977	-5,357
Sale of Property, Plant & Equipment	-	-	20.55	-	-
Divestitures	1,000	-	-	-	41.29
Investment in Securities	-240.64	-	-1,280	-435.2	-
Other Investing Activities	-	-	-	-764.82	-91.77
Investing Cash Flow	-5,884	-11,529	-14,101	-11,177	-5,458
Long-Term Debt Issued	4,040	11,998	11,270	10,710	1,660
Long-Term Debt Repaid	-9,005	-4,734	-4,945	-3,142	-1,760
Net Debt Issued (Repaid)	-4,965	7,264	6,325	7,568	-100.09
Issuance of Common Stock	2	148.53	-	-	-
Repurchase of Common Stock	-1,000	-	-	-	-299.87
Common Dividends Paid	-6,104	-3,206	-1,545	-3,059	-2,330
Other Financing Activities	-	40	-11.55	-40	-0.04
Financing Cash Flow	-12,066	4,246	4,769	4,469	-2,730
Foreign Exchange Rate Adjustments	-1.09	-0.24	2.78	0.68	-1.79
Net Cash Flow	-1,100	1,614	-636.68	-81.23	-1,702
Free Cash Flow	10,208	-2,631	-4,150	-3,351	1,131
Free Cash Flow Growth	-	-	-	-	-56.68%
Free Cash Flow Margin	21.25%	-7.98%	-14.24%	-11.79%	4.85%
Free Cash Flow Per Share	1.40	-0.36	-0.57	-0.46	0.15
Cash Interest Paid	-	-	11.55	-	-
Cash Income Tax Paid	4,801	3,770	1,541	2,507	1,824
Levered Free Cash Flow	148.76	-1,465	-3,560	-1,588	2,164
Unlevered Free Cash Flow	727.75	-1,020	-3,381	-1,495	2,273
Change in Working Capital	1,285	-512.9	831.19	-1,488	-2,250

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.