SHA:600996 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	-1,344	-1,084	-1,385	11.38	-445.27
Depreciation & Amortization	592.45	581.38	541.84	657.85	616.32
Other Amortization	160.67	216.67	243.92	230.7	247.02
Loss (Gain) From Sale of Assets	-0.3	-0.03	-0.03	-4.35	0.01
Asset Writedown & Restructuring Costs	12.7	0.09	218.25	6.65	0.48
Loss (Gain) From Sale of Investments	-13.98	-50.19	-5.84	-417.05	-7.51
Provision & Write-off of Bad Debts	-	213.88	301.66	93.31	329.57
Other Operating Activities	822.52	418.94	339.16	364.97	215.95
Change in Accounts Receivable	98.32	257.56	-8	-956.93	-856.01
Change in Inventory	-92.85	19.93	57.22	70.99	-62.77
Change in Accounts Payable	115.91	-171	385.76	271.99	226.34
Operating Cash Flow	351.11	404.5	686.6	329.53	266.44
Operating Cash Flow Growth	-13.20%	-41.09%	108.36%	23.68%	45.76%
Capital Expenditures	-180.52	-664.66	-1,382	-1,222	-1,198
Sale of Property, Plant & Equipment	0.24	0.18	0.51	0.24	4.84
Investment in Securities	-	34.74	-1.25	-	-49.05
Other Investing Activities	-	0.3	2.32	2.31	-
Investing Cash Flow	-180.28	-629.44	-1,380	-1,220	-1,258
Long-Term Debt Issued	4,782	5,934	6,000	4,943	4,968
Long-Term Debt Repaid	-4,797	-5,899	-4,827	-5,101	-3,047
Net Debt Issued (Repaid)	-14.4	35.33	1,173	-158.63	1,922
Common Dividends Paid	-316.45	-303.13	-296.13	-283.42	-199.08
Other Financing Activities	197.45	140.99	33.91	55.23	200.94
Financing Cash Flow	-133.41	-126.81	910.8	-386.82	1,923
Net Cash Flow	37.42	-351.75	217.41	-1,277	932.11
Free Cash Flow	170.59	-260.16	-694.97	-892.88	-932.06
Free Cash Flow Margin	13.48%	-16.30%	-37.52%	-23.98%	-33.48%
Free Cash Flow Per Share	0.14	-0.21	-0.58	-0.79	-0.88
Cash Income Tax Paid	21.73	25.95	-5.02	28.56	21.76
Levered Free Cash Flow	1,088	-159.61	-616.09	-1,042	-1,317
Unlevered Free Cash Flow	1,088	55.38	-401.74	-844.48	-1,133
Change in Working Capital	120.98	108.01	432.5	-613.94	-690.11

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