SHA:601279 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	-84.52	48.82	101.5	58.37	148.61
Depreciation & Amortization	441.8	442.88	451.05	375.74	363.85
Other Amortization	12.02	7.64	6.67	-	-
Loss (Gain) From Sale of Assets	1.03	0.46	-0.02	-1.28	-63.71
Asset Writedown & Restructuring Costs	16.29	1.69	0.66	0.52	-
Loss (Gain) From Sale of Investments	34.76	-16.15	-17.75	-69.84	-13.13
Provision & Write-off of Bad Debts	-0.23	0.21	2.63	10.89	1.65
Other Operating Activities	36	87.21	76.4	91.65	130.63
Change in Accounts Receivable	80.85	259.3	-17.92	-148.02	62.83
Change in Inventory	30.89	194.3	94.1	-119.94	-243.19
Change in Accounts Payable	73.17	-238.37	-190.53	67.47	-155.41
Operating Cash Flow	613.54	766.51	506.51	256.46	233.24
Operating Cash Flow Growth	-19.96%	51.33%	97.50%	9.96%	-77.67%
Capital Expenditures	-381.2	-486.09	-580.33	-427.62	-511.38
Sale of Property, Plant & Equipment	3.8	0.3	1.3	42.6	115.73
Cash Acquisitions	-	-	-	-4.49	-
Divestitures	-	-	-	149.55	-
Investment in Securities	16.9	13.8	0.44	0.49	-1.74
Other Investing Activities	6.65	7.12	28.85	20.38	27.19
Investing Cash Flow	-353.85	-464.87	-549.73	-219.09	-370.19
Long-Term Debt Issued	706.23	413.95	974.96	917.81	419.59
Long-Term Debt Repaid	-944.78	-624.19	-801.73	-866.37	-772.07
Total Debt Repaid	-944.78	-624.19	-801.73	-866.37	-772.07
Net Debt Issued (Repaid)	-238.54	-210.23	173.23	51.44	-352.48
Issuance of Common Stock	-	-	480.29	-	272.21
Common Dividends Paid	-39.04	-60.27	-35.56	-49.13	-38.11
Other Financing Activities	45.48	-	-2.13	-4.41	-9.36
Financing Cash Flow	-232.11	-270.5	615.83	-2.1	-127.73
Foreign Exchange Rate Adjustments	0	0.07	0.2	0.51	-0.09
Net Cash Flow	27.59	31.21	572.81	35.78	-264.77
Free Cash Flow	232.34	280.42	-73.81	-171.16	-278.13
Free Cash Flow Growth	-17.14%	-	-	-	-
Free Cash Flow Margin	5.38%	5.98%	-1.39%	-3.36%	-6.05%
Free Cash Flow Per Share	0.15	0.18	-0.05	-0.11	-0.19
Cash Income Tax Paid	155.24	171.5	220	119.14	134.97
Levered Free Cash Flow	172.91	-7.75	-221.8	-53.78	-523.4
Unlevered Free Cash Flow	189.02	12.32	-195.76	-34.76	-501.35
Change in Working Capital	156.4	193.88	-116.09	-210.28	-333.39

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