SHA:601086 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	70.28	58.01	157.76	118.72	86.51
Depreciation & Amortization	101.64	95.4	95.43	97.16	97.52
Other Amortization	50.34	43.75	42	40.21	41.85
Loss (Gain) From Sale of Assets	0.12	-	-	-0.89	-0.26
Asset Writedown & Restructuring Costs	-19.59	0.09	-1.86	0.6	0.41
Loss (Gain) From Sale of Investments	-25.22	12.07	-55.27	-99.87	-6.25
Provision & Write-off of Bad Debts	-	0.82	-0.1	0.14	-0.47
Other Operating Activities	11.96	3.45	-5.86	18.05	18.58
Change in Accounts Receivable	-30.45	13.76	17.27	-11.52	-26.68
Change in Inventory	-17.01	-32.16	16.71	-26.82	1.85
Change in Accounts Payable	16.61	69.28	171.76	-10.73	-14.96
Operating Cash Flow	156.73	254.82	451.4	131.55	194.42
Operating Cash Flow Growth	-38.50%	-43.55%	243.13%	-32.34%	9.31%
Capital Expenditures	-100.43	-92.14	-29.67	-21.85	-58.99
Sale of Property, Plant & Equipment	0.01	0.19	0	0.02	1.16
Investment in Securities	-84.84	17.36	57.07	-40	222.9
Other Investing Activities	-2.3	3.57	10.3	12.98	-37.34
Investing Cash Flow	-187.56	-26.02	60.16	-48.84	107.73
Short-Term Debt Issued	-	-	100	100	100
Total Debt Issued	-	-	100	100	100
Short-Term Debt Repaid	-	-	-100	-100	-150
Long-Term Debt Repaid	-	-45.55	-44.24	-41.46	-32.55
Total Debt Repaid	-	-45.55	-144.24	-141.46	-182.55
Net Debt Issued (Repaid)	-	-45.55	-44.24	-41.46	-82.55
Repurchase of Common Stock	-	-21.21	-	-	-
Common Dividends Paid	-52.81	-119.15	-69.14	-70.18	-417.47
Other Financing Activities	-44.48	-	-	-	-
Financing Cash Flow	-97.29	-185.91	-113.39	-111.64	-500.02
Net Cash Flow	-128.13	42.89	398.17	-28.93	-197.86
Free Cash Flow	56.29	162.68	421.73	109.71	135.44
Free Cash Flow Growth	-65.40%	-61.43%	284.41%	-19.00%	21.52%
Free Cash Flow Margin	7.03%	21.49%	43.49%	14.55%	13.99%
Free Cash Flow Per Share	0.09	0.25	0.64	0.17	0.20
Cash Interest Paid	-	0.51	0.18	0.4	0.68
Cash Income Tax Paid	87.28	108.85	133.25	83.27	122.54
Levered Free Cash Flow	74.92	204.91	435.54	112.22	123.35
Unlevered Free Cash Flow	74.92	204.91	437.13	114.46	126.17
Change in Working Capital	-32.81	41.23	219.31	-42.58	-43.45

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