SHA:601368 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	95.22	87.93	73.52	163.84	296.37
Depreciation & Amortization	709.22	695.01	628.91	567.25	460.09
Other Amortization	10.04	4.71	3.14	1.41	0.32
Loss (Gain) on Sale of Assets	-	-	-	3.23	0.01
Loss (Gain) on Sale of Investments	-1.07	-0.25	-0.03	-0.03	-
Asset Writedown	36.1	1.26	11.79	-	7.02
Change in Accounts Receivable	-903.74	-980.54	-752.79	-546.43	-370.57
Change in Inventory	2.52	5.57	40.91	-3.46	-4.76
Change in Accounts Payable	-24.44	88.29	48.23	-32.04	58.25
Other Operating Activities	463.83	473.95	475.29	432.85	274.23
Operating Cash Flow	522	451.46	559.09	595.05	718.41
Operating Cash Flow Growth	15.63%	-19.25%	-6.04%	-17.17%	-1.98%
Capital Expenditures	-2,297	-1,513	-1,590	-2,019	-2,520
Sale of Property, Plant & Equipment	0.08	0.35	0.77	1.86	0.63
Investment in Securities	0.15	-	-2	-6	-
Other Investing Activities	4.12	5.45	1.57	11.54	18.28
Investing Cash Flow	-2,292	-1,507	-1,589	-2,012	-2,501
Long-Term Debt Issued	5,491	5,165	3,914	2,898	3,698
Long-Term Debt Repaid	-3,170	-3,623	-2,415	-1,200	-2,003
Net Debt Issued (Repaid)	2,322	1,542	1,499	1,699	1,694
Common Dividends Paid	-551.95	-565.53	-554.32	-548.22	-490.09
Other Financing Activities	113.29	23.9	-0.21	193.02	-1.99
Financing Cash Flow	1,883	1,000	944.95	1,343	1,202
Foreign Exchange Rate Adjustments	-0.29	0.19	0.21	1.07	-0.27
Net Cash Flow	112.27	-55.32	-85.21	-72.6	-580.74
Free Cash Flow	-1,775	-1,062	-1,031	-1,424	-1,802
Free Cash Flow Margin	-70.91%	-42.84%	-44.20%	-63.18%	-86.38%
Free Cash Flow Per Share	-2.01	-1.20	-1.17	-1.61	-2.04
Cash Income Tax Paid	158.75	91.63	76.1	119.75	94.64
Levered Free Cash Flow	-2,633	-960.66	-1,280	-1,616	-2,244
Unlevered Free Cash Flow	-2,345	-656.24	-985.92	-1,356	-2,042
Change in Working Capital	-971.16	-904.08	-678.02	-589.84	-325.6

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