SHA:601083 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	1,512	1,021	742.54	1,827	1,226
Depreciation & Amortization	848.17	679.22	760.77	585.75	293.21
Other Amortization	1.13	4.06	1.54	0.19	1.71
Loss (Gain) From Sale of Assets	-9.89	-35	-26.32	-29.56	-12.06
Asset Writedown & Restructuring Costs	0.56	0.02	0.17	0.23	1.22
Loss (Gain) From Sale of Investments	0.71	-19.74	-11.29	-19.56	-35.32
Provision & Write-off of Bad Debts	-	-1.62	-4	2.52	1.92
Other Operating Activities	31	120.34	85.59	86.61	30.25
Change in Accounts Receivable	12.63	-189.2	392.15	-197.01	-209.01
Change in Inventory	-2.76	-12.92	11.81	-10.59	-23.92
Change in Accounts Payable	85.29	335.6	-365.67	-51.7	538.77
Change in Other Net Operating Assets	1.7	-0.03	0.97	-1.03	1.07
Operating Cash Flow	2,483	1,902	1,590	2,187	1,814
Operating Cash Flow Growth	30.53%	19.61%	-27.29%	20.60%	199.63%
Capital Expenditures	-625.74	-707.18	-383.96	-337.9	-110.88
Sale of Property, Plant & Equipment	13.78	47.25	56.81	31.77	39.86
Investment in Securities	-	-	-	-0.7	-
Other Investing Activities	10.49	4.63	5.56	5.76	287.25
Investing Cash Flow	-601.48	-655.3	-321.58	-301.08	216.22
Long-Term Debt Repaid	-	-638.33	-734.52	-582.11	-254.9
Net Debt Issued (Repaid)	-	-638.33	-734.52	-582.11	-254.9
Issuance of Common Stock	-	-	2,082	-	-
Common Dividends Paid	-631.53	-513.77	-754.6	-800	-129.94
Other Financing Activities	-707.09	-12.3	-26.01	-11.05	-1.49
Financing Cash Flow	-1,339	-1,164	566.58	-1,393	-386.32
Foreign Exchange Rate Adjustments	-1.31	-48.62	14.2	146.72	-47.61
Net Cash Flow	541.7	33.99	1,850	639.75	1,596
Free Cash Flow	1,857	1,195	1,206	1,849	1,703
Free Cash Flow Growth	55.41%	-0.94%	-34.77%	8.61%	188.76%
Free Cash Flow Margin	26.49%	20.02%	22.91%	27.04%	31.69%
Free Cash Flow Per Share	1.44	0.93	1.09	1.68	-
Cash Income Tax Paid	501.79	219.62	233.3	711.23	183.59
Levered Free Cash Flow	1,487	590.44	994.16	757.89	2,385
Unlevered Free Cash Flow	1,487	611.12	1,021	783.97	2,406
Change in Working Capital	99.34	134.37	41.38	-265.91	306.56

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