SHA:601188 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	176.56	152.4	128.06	123.05	168.08
Depreciation & Amortization	184.14	146.98	138.15	129.25	129.85
Other Amortization	8.64	11.98	9	0.35	0.89
Loss (Gain) From Sale of Assets	-0.46	-1.36	-0.13	0.51	0.56
Asset Writedown & Restructuring Costs	9.01	-	-	0	3.23
Loss (Gain) From Sale of Investments	-72.71	-58.48	-55.09	-76.53	-89.12
Provision & Write-off of Bad Debts	-	-0.27	-1.46	-0.57	-0.79
Other Operating Activities	35.39	5.28	20.76	17.45	10.13
Change in Accounts Receivable	46.71	42.02	147.91	-81.37	40.75
Change in Inventory	96.91	300.71	-231.99	71.72	62.92
Change in Accounts Payable	-244.86	172.34	-209.6	53.43	-100.1
Change in Other Net Operating Assets	19.35	-9.25	182.69	-181.5	0.52
Operating Cash Flow	249.68	763.74	120.19	50.95	232.52
Operating Cash Flow Growth	-67.31%	535.44%	135.89%	-78.09%	-23.03%
Capital Expenditures	-64.4	-68.36	-100.84	-85.7	-24.38
Sale of Property, Plant & Equipment	1.06	0.36	0.68	0.24	0.24
Cash Acquisitions	-	-2.75	-	-	-
Divestitures	-	0.32	-	-	-
Investment in Securities	-603.58	55.25	205.44	-260.82	297.56
Other Investing Activities	15.45	23.9	34.73	30.55	47.77
Investing Cash Flow	-651.46	8.72	140.01	-315.73	321.19
Short-Term Debt Issued	-	12	13	-	-
Total Debt Issued	-	12	13	-	-
Short-Term Debt Repaid	-	-10	-	-	-
Long-Term Debt Repaid	-20	-17.83	-0.86	-30.53	-39.78
Total Debt Repaid	-20	-27.83	-0.86	-30.53	-39.78
Net Debt Issued (Repaid)	-20	-15.83	12.14	-30.53	-39.78
Repurchase of Common Stock	-	-	-	-12.47	-21.65
Common Dividends Paid	-138.44	-84.65	-74.44	-100.52	-60.53
Other Financing Activities	-148.67	-63.32	-184.36	-	-5.86
Financing Cash Flow	-307.11	-163.8	-246.66	-143.51	-127.82
Net Cash Flow	-708.89	608.66	13.54	-408.29	425.89
Free Cash Flow	185.29	695.38	19.35	-34.75	208.15
Free Cash Flow Growth	-73.36%	3493.24%	-	-	-29.23%
Free Cash Flow Margin	24.05%	82.06%	2.92%	-7.98%	38.78%
Free Cash Flow Per Share	0.14	0.53	0.01	-0.03	0.16
Cash Income Tax Paid	104.53	59.35	61.64	20.15	114.14
Levered Free Cash Flow	-1,022	688.28	-165.25	142	207.88
Unlevered Free Cash Flow	-1,022	688.9	-165.12	142.15	208.01
Change in Working Capital	-90.9	507.21	-119.11	-142.56	9.69

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