SHA:600999 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	12,350	10,386	8,764	8,070	11,645
Depreciation & Amortization, Total	745.91	690.78	580.74	538.75	522.75
Gain (Loss) On Sale of Investments	-4,866	-5,164	-3,238	-2,715	-4,388
Change in Accounts Receivable	-39,934	25,402	-39,599	27,045	-97,811
Change in Accounts Payable	-6,708	19,421	57,347	20,381	42,413
Other Operating Activities	4,215	4,634	5,213	6,026	6,177
Operating Cash Flow	-31,369	54,726	27,104	62,504	-41,193
Capital Expenditures	-722.52	-763.71	-608.24	-560.25	-412.76
Investment in Securities	1,998	-17,048	-25,842	-20,665	11,592
Other Investing Activities	3,579	3,546	2,351	2,096	2,632
Investing Cash Flow	4,858	-14,261	-24,095	-19,130	13,813
Long-Term Debt Issued	164,128	153,623	137,802	75,842	177,929
Long-Term Debt Repaid	-134,683	-155,068	-121,914	-85,656	-132,735
Net Debt Issued (Repaid)	29,446	-1,446	15,888	-9,814	45,194
Issuance of Common Stock	-	-	-	15,000	-
Repurchase of Common Stock	-	-	-	-15,000	-
Common Dividends Paid	-9,247	-8,906	-8,174	-11,174	-9,462
Other Financing Activities	1,998	-6	-12.11	-25.97	-13.23
Financing Cash Flow	22,197	-10,358	7,701	-21,014	35,718
Foreign Exchange Rate Adjustments	-238.67	261.51	276.21	1,187	-294.09
Net Cash Flow	-4,552	30,369	10,986	23,547	8,045
Free Cash Flow	-32,091	53,963	26,495	61,944	-41,606
Free Cash Flow Growth	-	103.67%	-57.23%	-	-
Free Cash Flow Margin	-129.44%	258.72%	134.66%	325.05%	-141.92%
Free Cash Flow Per Share	-3.69	6.21	3.05	7.12	-4.78
Cash Interest Paid	7,391	7,189	7,379	6,290	6,746
Cash Income Tax Paid	2,074	1,268	1,722	2,928	3,736

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