SHA:601117 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	6,436	5,688	5,426	5,415	4,633
Depreciation & Amortization	1,568	1,711	1,581	1,369	1,185
Other Amortization	182.36	69.13	83.93	44.18	22.16
Loss (Gain) From Sale of Assets	-18.42	-63.45	-10.39	-2.97	-45.57
Asset Writedown & Restructuring Costs	-9.32	0.49	9.89	2.42	80.99
Loss (Gain) From Sale of Investments	25.12	121.45	304.49	40.63	-754.24
Provision & Write-off of Bad Debts	665.42	608.88	403.6	172.92	-9.22
Other Operating Activities	1,344	1,099	1,096	647.66	1,305
Change in Accounts Receivable	-3,533	-10,386	-14,479	-13,802	-23,685
Change in Inventory	454.9	-318.59	679.25	-910.39	-1,018
Change in Accounts Payable	-5,413	10,301	14,299	8,663	20,440
Operating Cash Flow	1,443	8,722	9,134	1,500	2,242
Operating Cash Flow Growth	-83.45%	-4.51%	509.09%	-33.10%	-73.08%
Capital Expenditures	-2,664	-3,020	-3,334	-3,041	-3,832
Sale of Property, Plant & Equipment	15	8.73	13.87	11.72	88.31
Cash Acquisitions	25.59	396.87	-214.78	-61.9	-3.11
Divestitures	-1.66	-	-134.52	-54.06	748.72
Investment in Securities	-2,820	-1,021	97.99	-2,585	-274.35
Other Investing Activities	50.36	44	206.86	49.34	104.33
Investing Cash Flow	-5,394	-3,592	-3,365	-5,681	-3,168
Short-Term Debt Issued	-	5	-	-	-
Long-Term Debt Issued	6,762	4,125	4,873	2,409	3,127
Total Debt Issued	6,762	4,130	4,873	2,409	3,127
Long-Term Debt Repaid	-7,234	-7,375	-2,167	-3,655	-5,620
Net Debt Issued (Repaid)	-471.73	-3,245	2,706	-1,246	-2,493
Issuance of Common Stock	84	-	446.46	988.41	9,970
Repurchase of Common Stock	-38.98	-171.17	-2.15	-1,277	-300
Common Dividends Paid	-1,589	-1,555	-1,825	-1,360	-1,641
Other Financing Activities	-597.01	-605.71	-19.8	2,056	554.68
Financing Cash Flow	-2,613	-5,577	1,305	-838.87	6,090
Foreign Exchange Rate Adjustments	-163.46	-111.06	45.23	253.49	-370.15
Net Cash Flow	-6,727	-557.58	7,119	-4,767	4,794
Free Cash Flow	-1,220	5,702	5,800	-1,542	-1,590
Free Cash Flow Growth	-	-1.68%	-	-	-
Free Cash Flow Margin	-0.64%	3.07%	3.25%	-0.98%	-1.16%
Free Cash Flow Per Share	-0.20	0.93	0.95	-0.25	-0.29
Cash Interest Paid	22.2	92.33	99.35	104.08	169.38
Cash Income Tax Paid	6,590	5,743	4,242	4,447	3,613
Levered Free Cash Flow	-2,393	7,311	4,077	-625.89	3,179
Unlevered Free Cash Flow	-2,200	7,593	4,369	-386.91	3,412
Change in Working Capital	-8,750	-512.04	239.14	-6,189	-4,175

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