SHA:601700 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	-527.41	91.29	68.76	32.25	93.34
Depreciation & Amortization	241.86	230.33	150.12	72.75	62.47
Other Amortization	2.17	1.56	0.55	0.47	0.48
Loss (Gain) From Sale of Assets	0.07	-0.34	-3	0.15	-
Asset Writedown & Restructuring Costs	420.61	88.67	0.96	-	14.85
Loss (Gain) From Sale of Investments	-48.94	-320.28	5.49	2.24	5.72
Provision & Write-off of Bad Debts	-	-9.84	27.8	-17.17	20.91
Other Operating Activities	143.41	-20.15	68.96	50.38	74.63
Change in Accounts Receivable	-222.27	-76.54	-37.53	-86.34	-2,098
Change in Inventory	-7.83	108.14	-114.35	201.1	-300.18
Change in Accounts Payable	-278.56	76.11	-143.29	189.31	2,164
Change in Other Net Operating Assets	-	-	-	0.48	2.37
Operating Cash Flow	-312.74	157.8	2.18	447.42	38.16
Operating Cash Flow Growth	-	7125.68%	-99.51%	1072.49%	-
Capital Expenditures	-163.21	-119.03	-109.96	-289.86	-211.17
Sale of Property, Plant & Equipment	1.75	5.09	1.73	127.36	-
Cash Acquisitions	-12.42	-467	-409.22	-	-
Investment in Securities	-40.48	-	30.24	71.1	-91.22
Other Investing Activities	395.61	4.1	5.41	21.94	11.91
Investing Cash Flow	181.25	-576.85	-481.8	-69.47	-290.48
Long-Term Debt Issued	2,811	3,453	2,267	2,185	2,268
Total Debt Issued	2,811	3,453	2,267	2,185	2,268
Long-Term Debt Repaid	-3,004	-2,474	-1,626	-2,192	-2,305
Total Debt Repaid	-3,004	-2,474	-1,626	-2,192	-2,305
Net Debt Issued (Repaid)	-192.83	978.76	640.75	-6.39	-37.54
Issuance of Common Stock	-	-	0.29	6.85	42.38
Common Dividends Paid	-111.46	-141.92	-71.63	-105.58	-195.55
Other Financing Activities	-56.36	-10.9	13.95	-	4.23
Financing Cash Flow	-360.65	825.93	583.36	-105.12	-186.48
Foreign Exchange Rate Adjustments	-10.5	-5.1	0.33	1.81	-7.45
Net Cash Flow	-502.63	401.79	104.07	274.65	-446.26
Free Cash Flow	-475.94	38.77	-107.78	157.56	-173.01
Free Cash Flow Margin	-15.97%	1.20%	-3.15%	5.75%	-5.41%
Free Cash Flow Per Share	-0.42	0.03	-0.09	0.14	-0.15
Cash Income Tax Paid	94.02	37.26	73.94	51.24	83.47
Levered Free Cash Flow	-473.22	346.12	586.34	-100.14	-90.44
Unlevered Free Cash Flow	-473.22	401.69	622.66	-67.12	-48.46
Change in Working Capital	-544.51	96.57	-317.44	306.36	-234.23

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