SHA:601198 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	2,075	2,102	1,544	819.74	517.2	1,652
Depreciation & Amortization, Total	191.22	191.22	270.5	299.67	281.5	239.9
Gain (Loss) On Sale of Investments	-984.3	-984.3	-427.49	-384.74	1,661	-850.22
Change in Accounts Receivable	297.81	297.81	-14,315	1,416	2,343	-5,569
Change in Accounts Payable	-597.18	-597.18	2,771	-3,114	7,554	11,531
Other Operating Activities	1,420	-188.8	-155.85	-290.31	-681.66	87.59
Operating Cash Flow	2,527	944.17	-10,156	-1,165	11,375	7,305
Capital Expenditures	-74.8	-78.06	-146.1	-97.48	-110.8	-123.03
Cash Acquisitions	-	-	-	-1	-	-83
Investment in Securities	-3,814	-7,019	14,617	-2,757	-11,295	24.76
Other Investing Activities	1,771	1,671	1,484	1,693	1,351	1,328
Investing Cash Flow	-2,117	-5,426	15,956	-1,157	-10,055	1,150
Long-Term Debt Issued	-	27,742	17,814	12,428	17,637	25,422
Total Debt Issued	32,163	27,742	17,814	12,428	17,637	25,422
Long-Term Debt Repaid	-	-23,361	-16,427	-13,549	-21,555	-30,456
Total Debt Repaid	-26,179	-23,361	-16,427	-13,549	-21,555	-30,456
Net Debt Issued (Repaid)	5,984	4,381	1,387	-1,121	-3,917	-5,035
Issuance of Common Stock	3,000	3,000	-	-	-	4,474
Common Dividends Paid	-1,176	-1,150	-1,133	-870.26	-1,813	-1,694
Other Financing Activities	2.49	-	-	-	-	-
Financing Cash Flow	7,810	6,231	254.2	-1,991	-5,730	-2,254
Foreign Exchange Rate Adjustments	-13.02	-4.35	10.19	29.62	101.02	-44.76
Net Cash Flow	8,207	1,745	6,064	-4,285	-4,309	6,157
Free Cash Flow	2,452	866.11	-10,302	-1,263	11,264	7,182
Free Cash Flow Growth	362.22%	-	-	-	56.84%	36.57%
Free Cash Flow Margin	54.62%	18.76%	-239.96%	-26.80%	330.52%	133.73%
Free Cash Flow Per Share	0.74	0.27	-3.19	-0.39	3.48	2.53
Cash Interest Paid	1,103	1,103	1,146	1,034	891.79	602.68
Cash Income Tax Paid	566.31	566.31	347.92	520.49	789.53	637.83

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