SHA:601126 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	810.43	715.59	627.21	543.21	451.89	343.95
Depreciation & Amortization	97.43	97.43	103.34	90.17	97.82	120.43
Other Amortization	24.04	24.04	4.99	4.43	8.1	3.77
Loss (Gain) From Sale of Assets	-0.05	-0.05	-0.15	-0.14	-0.73	0.12
Asset Writedown & Restructuring Costs	-	-	-	-	-	68.72
Loss (Gain) From Sale of Investments	-5.36	-5.36	-6.96	0.95	-2.37	-84.09
Provision & Write-off of Bad Debts	65.93	65.93	24.38	-5.85	15.83	55.16
Other Operating Activities	-223.43	17.36	56.39	30.75	33.19	14.96
Change in Accounts Receivable	-857.84	-857.84	-118.64	-395.24	-122.05	124.61
Change in Inventory	50.26	50.26	-160.72	-389.28	-500.57	-234.61
Change in Accounts Payable	1,094	1,094	663.3	766.4	619.84	570.88
Change in Other Net Operating Assets	76.89	76.89	57.83	36.41	59.2	19.74
Operating Cash Flow	1,108	1,254	1,233	709.93	668.21	985.43
Operating Cash Flow Growth	-22.24%	1.75%	73.63%	6.24%	-32.19%	14.49%
Capital Expenditures	-189.67	-167.35	-127.83	-75.25	-42.5	-39.41
Sale of Property, Plant & Equipment	0.96	0.06	0.33	0.12	1.65	5.27
Divestitures	-	-	-	-	-	14.04
Investment in Securities	-600	-240	-	-30.17	-18.7	105
Other Investing Activities	8.64	14.49	3.64	1.49	10.47	40.84
Investing Cash Flow	-780.07	-392.8	-123.86	-103.8	-49.08	125.74
Long-Term Debt Repaid	-	-4.98	-4.98	-6.88	-	-
Total Debt Repaid	-4.98	-4.98	-4.98	-6.88	-	-
Net Debt Issued (Repaid)	-4.98	-4.98	-4.98	-6.88	-	-
Issuance of Common Stock	-	9.26	145.84	-	-	90.14
Repurchase of Common Stock	-0.98	-0.98	-	-	-	-38.04
Common Dividends Paid	-599.95	-499.35	-500.1	-406.59	-796.91	-139.03
Other Financing Activities	-0.71	-	-	-	-	2
Financing Cash Flow	-606.62	-496.05	-359.24	-413.47	-796.91	-84.93
Foreign Exchange Rate Adjustments	-0.11	1.17	0.31	2.2	-1.72	-2.06
Net Cash Flow	-278.57	366.5	749.87	194.87	-179.5	1,024
Free Cash Flow	918.57	1,087	1,105	634.69	625.7	946.02
Free Cash Flow Growth	-27.32%	-1.63%	74.08%	1.44%	-33.86%	14.27%
Free Cash Flow Margin	11.50%	15.64%	19.21%	12.50%	14.56%	24.49%
Free Cash Flow Per Share	1.11	1.32	1.32	0.78	0.78	1.18
Cash Income Tax Paid	497.96	438.4	369.79	361.6	461.8	371
Levered Free Cash Flow	770.9	1,013	1,129	585.77	521.23	925.56
Unlevered Free Cash Flow	770.93	1,013	1,130	586.38	522.04	925.56
Change in Working Capital	339.24	339.24	423.48	46.41	64.47	462.4

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.