SHA:601218 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	135.15	30.45	131.29	155.33	208.93
Depreciation & Amortization	134.59	137.55	135.29	144.9	152.61
Other Amortization	0.73	-	-	-	-
Loss (Gain) From Sale of Assets	-3.18	-0.51	-1.1	0.03	7.71
Asset Writedown & Restructuring Costs	0.86	0.12	5.6	0.36	0.81
Loss (Gain) From Sale of Investments	-33.92	-27.31	-15.86	-16.49	-23.14
Provision & Write-off of Bad Debts	14.02	23.6	54.46	-12.19	24.73
Other Operating Activities	28.43	47.2	46.63	46.3	42.71
Change in Accounts Receivable	-79.76	209.31	189.59	162.72	-58.7
Change in Inventory	-26.14	-52.38	56.64	94.17	-75.9
Change in Accounts Payable	38.68	-47.67	-195.3	-125.16	-170.17
Change in Other Net Operating Assets	-	-	-0.37	1.66	-
Operating Cash Flow	225.94	306.85	399.32	453.69	105.03
Operating Cash Flow Growth	-26.37%	-23.16%	-11.98%	331.97%	-85.61%
Capital Expenditures	-22.13	-26.15	-14.97	-98.44	-60.31
Sale of Property, Plant & Equipment	0.14	1.83	3.56	17.75	2.94
Investment in Securities	84.88	-292.24	-721.7	202.2	-207.2
Other Investing Activities	2.47	0.99	6.14	2.86	1.83
Investing Cash Flow	65.36	-315.56	-726.97	124.37	-262.73
Long-Term Debt Issued	135.6	139.36	60	695	243.47
Long-Term Debt Repaid	-283.53	-152.39	-97.13	-780.86	-288.59
Net Debt Issued (Repaid)	-147.93	-13.04	-37.13	-85.86	-45.12
Issuance of Common Stock	-	-	-	5.33	-
Repurchase of Common Stock	-	-	-	-35.5	-
Common Dividends Paid	-12.37	-111.23	-43.12	-60.72	-215.71
Other Financing Activities	-	-2.74	23.39	15.2	78.26
Financing Cash Flow	-160.29	-127.01	-56.85	-161.55	-182.56
Foreign Exchange Rate Adjustments	-0.81	-1.52	-1.44	2.24	-0.08
Net Cash Flow	130.19	-137.25	-385.94	418.76	-340.35
Free Cash Flow	203.81	280.7	384.35	355.25	44.72
Free Cash Flow Growth	-27.39%	-26.97%	8.19%	694.40%	-92.78%
Free Cash Flow Margin	14.49%	23.08%	27.66%	20.16%	2.41%
Free Cash Flow Per Share	0.21	0.29	0.39	0.36	0.05
Cash Income Tax Paid	71.36	45.19	57.07	52.91	3.79
Levered Free Cash Flow	166.65	249.6	303.18	227.5	-81.56
Unlevered Free Cash Flow	176.45	263.06	320.78	245.87	-60.16
Change in Working Capital	-50.74	95.74	43	135.45	-309.34

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