SHA:601698 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	529.61	454.49	348.77	922.81	572.3
Depreciation & Amortization	1,305	1,278	1,255	1,269	1,238
Other Amortization	1.05	15.87	0.96	0.96	0.96
Loss (Gain) From Sale of Assets	-	-0.07	0.12	-	0.02
Asset Writedown & Restructuring Costs	2.23	145.2	276.87	95.47	-
Loss (Gain) From Sale of Investments	-6.38	14.57	-14.19	-9.2	-3.96
Provision & Write-off of Bad Debts	-	3.88	-12	2.32	-22.88
Other Operating Activities	18.25	122.89	173.85	170.7	157.85
Change in Accounts Receivable	-326.32	-90.7	23.21	-52.39	-78.68
Change in Inventory	-18.79	-3.11	1.74	-8.18	3.79
Change in Accounts Payable	-137.53	-122.23	-294.01	-682.34	390.28
Operating Cash Flow	1,367	1,828	1,793	1,471	2,269
Operating Cash Flow Growth	-25.23%	1.97%	21.86%	-35.17%	11.01%
Capital Expenditures	-1,171	-1,433	-1,648	-2,395	-1,356
Sale of Property, Plant & Equipment	0.01	0	-	0.62	0.01
Cash Acquisitions	-	4.01	-	-	-
Investment in Securities	-1,376	-263.16	-727.74	-650.82	-111.89
Other Investing Activities	44.29	262.09	71.61	183.22	61.1
Investing Cash Flow	-2,502	-1,430	-2,304	-2,862	-1,407
Short-Term Debt Issued	-	19	28	15	-
Total Debt Issued	-	19	28	15	-
Short-Term Debt Repaid	-	-29	-33	-	-
Long-Term Debt Repaid	-	-35.99	-32.84	-38.43	-24.2
Total Debt Repaid	-	-64.99	-65.84	-38.43	-24.2
Net Debt Issued (Repaid)	-	-45.99	-37.84	-23.43	-24.2
Issuance of Common Stock	-	-	-	2,141	-
Common Dividends Paid	-136.45	-107.23	-184.88	-116.06	-100
Other Financing Activities	-86.49	-28	-126.47	-148.81	-131.41
Financing Cash Flow	-222.94	-181.22	-349.19	1,853	-255.61
Foreign Exchange Rate Adjustments	-69.7	40	38.19	202.38	14.55
Net Cash Flow	-1,428	256.46	-822	663.92	621.15
Free Cash Flow	196.22	394.74	145.12	-924.37	912.99
Free Cash Flow Growth	-50.29%	172.01%	-	-	35.59%
Free Cash Flow Margin	7.42%	15.53%	5.55%	-33.82%	34.66%
Free Cash Flow Per Share	0.05	0.09	0.03	-0.23	0.23
Cash Income Tax Paid	102.61	117.98	78.81	122.78	287.68
Levered Free Cash Flow	-2,494	-299.99	50.76	-1,152	700.2
Unlevered Free Cash Flow	-2,494	-295.57	55.61	-1,148	704.43
Change in Working Capital	-483.23	-206.58	-236.97	-981.45	326.96

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