SHA:601098 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	1,594	1,372	1,855	1,399	1,515
Depreciation & Amortization	268.6	231.64	233.82	219.93	216.31
Other Amortization	54.65	36.2	29.42	22.05	21.76
Loss (Gain) From Sale of Assets	-4.87	-0.5	-1.34	-0.26	-0.71
Asset Writedown & Restructuring Costs	1.01	-0.23	4.11	1.49	1.07
Loss (Gain) From Sale of Investments	-136.47	-23.5	-107.12	58.67	-256.65
Provision & Write-off of Bad Debts	-4.88	37.11	29.23	48.51	29.75
Other Operating Activities	264.34	306.12	237.43	225.57	316.46
Change in Accounts Receivable	-1,639	-2,055	-95.83	36.73	-2,246
Change in Inventory	-66.7	253.35	134.99	-282.04	-478.07
Change in Accounts Payable	-1,525	1,625	-91.35	181.43	339.02
Change in Other Net Operating Assets	-38.16	-29.82	-51.65	95.7	98.35
Operating Cash Flow	-1,237	1,943	1,930	2,027	-454.05
Operating Cash Flow Growth	-	0.70%	-4.78%	-	-
Capital Expenditures	-406.12	-617.71	-545.09	-425.35	-345.1
Sale of Property, Plant & Equipment	1.03	1.31	2.25	1.1	14.35
Cash Acquisitions	-	43.76	-	-	-
Divestitures	-	-	-	-	-4.31
Investment in Securities	-1,474	929.54	911.65	-337.37	191.61
Other Investing Activities	47.93	55.97	70.7	62.63	103.65
Investing Cash Flow	-1,821	412.88	439.51	-648.99	-8.47
Long-Term Debt Issued	-	-	-	276.14	-
Long-Term Debt Repaid	-60.49	-61.9	-335.09	-30.56	-28.85
Net Debt Issued (Repaid)	-60.49	-61.9	-335.09	245.58	-28.85
Common Dividends Paid	-987.8	-1,167	-1,078	-1,172	-1,131
Other Financing Activities	-123.16	-107.21	-144.31	-151.71	-84.86
Financing Cash Flow	-1,171	-1,337	-1,557	-1,078	-1,245
Foreign Exchange Rate Adjustments	-	-	-	-	0
Net Cash Flow	-4,229	1,020	812.55	299.73	-1,708
Free Cash Flow	-1,643	1,326	1,385	1,601	-799.15
Free Cash Flow Growth	-	-4.27%	-13.52%	-	-
Free Cash Flow Margin	-13.04%	9.87%	10.17%	12.85%	-7.05%
Free Cash Flow Per Share	-0.92	0.73	0.77	0.89	-0.44
Cash Income Tax Paid	1.42	466.09	184.02	173.7	202.77
Levered Free Cash Flow	1,587	727.93	485.53	495.52	-922.05
Unlevered Free Cash Flow	1,590	730.84	489.22	501.19	-919.46
Change in Working Capital	-3,274	40.59	-361.39	29.3	-2,290

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