SHA:601000 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	2,180	1,979	1,925	1,690	2,089
Depreciation & Amortization	747.58	726.42	734.37	724.7	871.49
Other Amortization	22.06	26.67	17.45	7.88	4.11
Loss (Gain) From Sale of Assets	-1.48	-40.03	-0.01	15.78	-230.42
Asset Writedown & Restructuring Costs	0.89	0.42	79.62	44.31	26.49
Loss (Gain) From Sale of Investments	-421.99	-511.95	-508.99	-546.78	-614.44
Provision & Write-off of Bad Debts	-	0.9	-7.55	-15.52	15.07
Other Operating Activities	-143.78	56.21	110.24	148.59	173
Change in Accounts Receivable	-186.18	34.19	150.54	602.45	-549.93
Change in Inventory	-20.68	-2.42	16.33	1.92	-57.05
Change in Accounts Payable	-287.2	58.51	-113.38	-267.99	201.14
Operating Cash Flow	1,888	2,343	2,388	2,407	1,920
Operating Cash Flow Growth	-19.44%	-1.85%	-0.81%	25.35%	-18.88%
Capital Expenditures	-702.87	-630.02	-336.53	-571.37	-765.54
Sale of Property, Plant & Equipment	4.84	87.9	0.8	1,510	380.84
Divestitures	-	182.77	-	49.22	-16.02
Investment in Securities	-2,139	-3,598	-2,200	-	60
Other Investing Activities	310.38	278.33	203.45	308.35	170.04
Investing Cash Flow	-2,527	-3,679	-2,332	1,296	-170.68
Short-Term Debt Issued	-	-	-	-	580
Long-Term Debt Issued	81.76	-	-	999.26	2,751
Total Debt Issued	81.76	-	-	999.26	3,331
Long-Term Debt Repaid	-0.15	-1.36	-1.32	-2,001	-2,721
Total Debt Repaid	-0.15	-1.36	-1.32	-2,001	-2,721
Net Debt Issued (Repaid)	81.61	-1.36	-1.32	-1,002	610
Common Dividends Paid	-1,186	-1,185	-1,186	-1,226	-2,096
Other Financing Activities	-29.82	-43.95	-31.14	-1.5	-9.46
Financing Cash Flow	-1,134	-1,230	-1,218	-2,229	-1,495
Foreign Exchange Rate Adjustments	-0.02	0.01	-0	0	-0.15
Net Cash Flow	-1,773	-2,566	-1,163	1,474	254.59
Free Cash Flow	1,185	1,713	2,051	1,836	1,155
Free Cash Flow Growth	-30.84%	-16.47%	11.73%	58.96%	-42.53%
Free Cash Flow Margin	20.85%	29.93%	35.10%	32.67%	19.01%
Free Cash Flow Per Share	0.20	0.29	0.35	0.31	0.20
Cash Income Tax Paid	833.8	828.1	782.77	994.44	856.47
Levered Free Cash Flow	1,102	1,608	1,588	3,054	-1,002
Unlevered Free Cash Flow	1,102	1,608	1,589	3,071	-981.27
Change in Working Capital	-495.15	106.03	37.64	338.61	-413.6

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