SHA:601086 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	96.69	70.28	58.01	157.76	118.72	86.51
Depreciation & Amortization	100.57	100.57	96.61	95.43	97.16	97.52
Other Amortization	51.41	51.41	42.55	42	40.21	41.85
Loss (Gain) From Sale of Assets	0.12	0.12	-	-	-0.89	-0.26
Asset Writedown & Restructuring Costs	0.1	0.1	0.09	-1.86	0.6	0.41
Loss (Gain) From Sale of Investments	-51.18	-51.18	12.07	-55.27	-99.87	-6.25
Provision & Write-off of Bad Debts	0.17	0.17	0.82	-0.1	0.14	-0.47
Other Operating Activities	111.64	18.06	9.81	-5.86	18.05	18.58
Change in Accounts Receivable	-30.45	-30.45	13.76	17.27	-11.52	-26.68
Change in Inventory	-17.01	-17.01	-32.16	16.71	-26.82	1.85
Change in Accounts Payable	16.61	16.61	69.28	171.76	-10.73	-14.96
Operating Cash Flow	276.72	156.73	254.82	451.4	131.55	194.42
Operating Cash Flow Growth	61.73%	-38.50%	-43.55%	243.13%	-32.34%	9.31%
Capital Expenditures	-115.51	-100.43	-92.14	-29.67	-21.85	-58.99
Sale of Property, Plant & Equipment	0.01	0.01	0.19	0	0.02	1.16
Investment in Securities	-76.48	-84.84	17.36	57.07	-40	222.9
Other Investing Activities	33.49	-12.3	3.57	10.3	12.98	-37.34
Investing Cash Flow	-148.48	-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	-	-44.48	-45.55	-44.24	-41.46	-32.55
Total Debt Repaid	-44.48	-44.48	-45.55	-144.24	-141.46	-182.55
Net Debt Issued (Repaid)	-44.48	-44.48	-45.55	-44.24	-41.46	-82.55
Repurchase of Common Stock	-	-	-21.21	-	-	-
Common Dividends Paid	-52.81	-52.81	-119.15	-69.14	-70.18	-417.47
Other Financing Activities	1.17	-	-	-	-	-
Financing Cash Flow	-96.12	-97.29	-185.91	-113.39	-111.64	-500.02
Net Cash Flow	32.11	-128.13	42.89	398.17	-28.93	-197.86
Free Cash Flow	161.21	56.29	162.68	421.73	109.71	135.44
Free Cash Flow Growth	105.63%	-65.40%	-61.43%	284.41%	-19.00%	21.52%
Free Cash Flow Margin	19.41%	7.03%	21.49%	43.49%	14.55%	13.99%
Free Cash Flow Per Share	0.26	0.09	0.25	0.64	0.17	0.20
Cash Interest Paid	0.86	0.86	0.51	0.18	0.4	0.68
Cash Income Tax Paid	77.28	87.28	108.85	133.25	83.27	122.54
Levered Free Cash Flow	170.92	69.69	204.91	435.54	112.22	123.35
Unlevered Free Cash Flow	170.92	69.69	204.91	437.13	114.46	126.17
Change in Working Capital	-32.81	-32.81	34.88	219.31	-42.58	-43.45

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