SHA:601601 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	53,919	53,505	44,960	27,257	37,381	26,834
Depreciation & Amortization	3,575	3,575	3,529	3,722	3,752	3,714
Other Amortization	1,129	1,129	1,116	1,113	910	819
Gain (Loss) on Sale of Assets	-90	-90	-2	-23	-24	-10
Gain (Loss) on Sale of Investments	-28,230	-28,230	-40,515	12,492	4,519	-91,350
Change in Accounts Receivable	-44	-44	-1,497	-1,432	-798	-8,504
Change in Insurance Reserves / Liabilities	259,187	259,187	211,661	151,032	175,417	-
Change in Other Net Operating Assets	5,125	5,125	2,640	3,074	2,452	20,726
Other Operating Activities	-102,371	-98,662	-67,894	-61,638	-75,889	155,958
Operating Cash Flow	192,228	195,523	154,404	137,863	148,664	108,407
Operating Cash Flow Growth	13.69%	26.63%	12.00%	-7.27%	37.13%	0.32%
Capital Expenditures	-3,643	-4,284	-3,878	-3,988	-9,097	-3,688
Sale of Property, Plant & Equipment	121	133	36	181	109	26
Cash Acquisitions	-1,460	-1,460	-241	-1,269	-1,690	-6,368
Investment in Securities	-234,885	-251,424	-272,410	-231,527	-236,265	-128,305
Other Investing Activities	75,121	72,336	66,425	72,687	74,783	73,252
Investing Cash Flow	-164,446	-184,387	-209,900	-161,357	-169,736	-66,094
Short-Term Debt Issued	-	-	-	-	46,316	-
Long-Term Debt Issued	-	14,242	-	9,998	713	-
Total Debt Issued	-12,332	14,242	-	9,998	47,029	-
Total Debt Repaid	-17,613	-17,548	-9,866	-16,907	-14,561	-28,216
Net Debt Issued (Repaid)	-29,945	-3,306	-9,866	-6,909	32,468	-28,216
Issuance of Common Stock	37,282	37,282	72,572	-	-	34
Common Dividends Paid	-15,094	-15,277	-13,014	-12,444	-15,835	-15,710
Other Financing Activities	18,760	17,992	11,644	22,647	11,848	12,521
Financing Cash Flow	11,003	36,691	61,336	3,294	28,481	-31,371
Foreign Exchange Rate Adjustments	-1,229	-494	93	131	773	-82
Net Cash Flow	37,556	47,333	5,933	-20,069	8,182	10,860
Free Cash Flow	188,585	191,239	150,526	133,875	139,567	104,719
Free Cash Flow Growth	14.36%	27.05%	12.44%	-4.08%	33.28%	0.27%
Free Cash Flow Margin	57.04%	57.43%	48.07%	48.48%	50.98%	23.98%
Free Cash Flow Per Share	18.86	19.65	15.65	13.92	14.51	10.89
Cash Income Tax Paid	10,593	10,291	10,119	11,735	11,436	9,787
Levered Free Cash Flow	-10,207	-12,206	-67,814	-526,511	-149,948	24,009
Unlevered Free Cash Flow	-7,662	-9,549	-66,080	-524,834	-148,199	28,664
Change in Working Capital	264,268	264,268	212,804	152,674	177,071	12,222