SHA:601606 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	7.28	8.7	-363.28	26.74	79.98	136.48
Depreciation & Amortization	107.74	107.74	116.15	103.62	108.11	95.87
Other Amortization	0.12	0.12	2.15	-	-	-
Loss (Gain) From Sale of Assets	0.07	0.07	-0.41	0.2	0.22	-68.75
Asset Writedown & Restructuring Costs	11.76	11.76	41.59	17.08	0.18	-
Loss (Gain) From Sale of Investments	-1.02	-1.02	-1.05	-2.2	0.02	-1.4
Provision & Write-off of Bad Debts	-	-	2.78	37.57	38.64	27.06
Other Operating Activities	64.16	32.3	10.92	12.07	22.66	23.02
Change in Accounts Receivable	-81.93	-81.93	115.76	-279.78	-298.24	-283
Change in Inventory	-120.04	-120.04	116.94	-24.86	-39	-137.3
Change in Accounts Payable	-31.96	-31.96	191.09	57.59	14.18	311.04
Change in Other Net Operating Assets	-2.4	-2.4	-14.83	-8.22	-	-
Operating Cash Flow	-43.01	-73.46	188.89	-76.55	-57.03	63.75
Capital Expenditures	-189.88	-171.31	-88.77	-111.79	-57.59	-104.07
Sale of Property, Plant & Equipment	0.83	0.53	0.57	0.58	0.82	53.99
Investment in Securities	60	-	40	-140	0.29	30
Other Investing Activities	5.81	0.01	1.13	0.01	-	46.55
Investing Cash Flow	-123.24	-170.77	-47.07	-251.2	-56.47	26.47
Short-Term Debt Issued	-	-	-	-	20	-
Long-Term Debt Issued	-	546.27	518.41	476	324.5	313
Total Debt Issued	496.03	546.27	518.41	476	344.5	313
Long-Term Debt Repaid	-	-519.32	-449.04	-328.56	-391.68	-386.53
Net Debt Issued (Repaid)	0.17	26.95	69.37	147.44	-47.18	-73.53
Common Dividends Paid	-11.74	-11.72	-18.19	-30.79	-36.53	-48.15
Dividends Paid	-11.74	-11.72	-18.19	-30.79	-36.53	-48.15
Other Financing Activities	93.46	93.46	-	126.75	-0.03	29.77
Financing Cash Flow	81.89	108.69	51.18	243.39	-83.75	-91.91
Net Cash Flow	-84.37	-135.54	193	-84.35	-197.25	-1.69
Free Cash Flow	-232.9	-244.77	100.12	-188.33	-114.62	-40.32
Free Cash Flow Margin	-14.80%	-15.65%	7.00%	-11.66%	-6.69%	-2.38%
Free Cash Flow Per Share	-0.29	-0.29	0.14	-0.28	-0.16	-0.06
Cash Income Tax Paid	70.88	79.27	73.47	59.1	2.59	24.04
Levered Free Cash Flow	-215.85	-251.47	281.06	-165.74	-152.87	-23.93
Unlevered Free Cash Flow	-215.85	-251.47	290.32	-157.19	-144.97	-16.46
Change in Working Capital	-233.13	-233.13	380.05	-271.63	-306.84	-148.53

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