SHA:601717 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	4,357	3,934	3,274	2,538	1,948
Depreciation & Amortization	1,262	1,127	1,072	922.1	1,068
Other Amortization	116.08	131.73	73.62	73.77	47.35
Loss (Gain) From Sale of Assets	-4.88	-16.49	-11.11	-14.12	-12.37
Asset Writedown & Restructuring Costs	-151.51	49.52	44.62	377.79	164.62
Loss (Gain) From Sale of Investments	-40.14	-203.02	-69.74	-260.37	-306.52
Provision & Write-off of Bad Debts	-	168.49	-64.99	53.41	5.26
Other Operating Activities	616.14	524.02	616.35	494.69	460.27
Change in Accounts Receivable	-6,046	-1,464	-495.84	-1,356	-413.25
Change in Inventory	2,563	-155.3	-1,497	-1,622	-1,708
Change in Accounts Payable	-256.58	-127.57	215.22	1,047	1,674
Operating Cash Flow	2,404	3,942	3,057	2,256	2,955
Operating Cash Flow Growth	-39.02%	28.98%	35.47%	-23.65%	22.53%
Capital Expenditures	-1,555	-1,972	-1,082	-1,115	-876.64
Sale of Property, Plant & Equipment	61.66	200.39	46.4	2.27	2.42
Cash Acquisitions	-	-68.85	-	-	-
Divestitures	-	-	-	264.61	-
Investment in Securities	2,123	858.08	-545.65	-2,771	-920.11
Other Investing Activities	275.18	348.31	271.05	90.42	231.33
Investing Cash Flow	904.87	-634.54	-1,310	-3,529	-1,563
Long-Term Debt Issued	4,159	2,546	4,336	4,664	2,304
Total Debt Issued	4,159	2,546	4,336	4,664	2,304
Long-Term Debt Repaid	-4,078	-3,946	-4,374	-2,921	-2,116
Total Debt Repaid	-4,078	-3,946	-4,374	-2,921	-2,116
Net Debt Issued (Repaid)	81.63	-1,400	-38.18	1,743	188.27
Issuance of Common Stock	279.71	19.72	4.09	890.19	273.7
Common Dividends Paid	-2,206	-1,737	-1,356	-1,028	-1,010
Other Financing Activities	-1,060	-1,664	443.79	28.71	-329.1
Financing Cash Flow	-2,905	-4,781	-946.63	1,634	-877.39
Foreign Exchange Rate Adjustments	11.44	-29.37	51.98	45.68	-112.78
Net Cash Flow	415.75	-1,503	851.93	407.76	402.1
Free Cash Flow	848.95	1,970	1,975	1,142	2,079
Free Cash Flow Growth	-56.91%	-0.24%	72.97%	-45.07%	40.71%
Free Cash Flow Margin	2.05%	5.32%	5.43%	3.56%	7.10%
Free Cash Flow Per Share	0.48	1.11	1.12	0.65	1.20
Cash Income Tax Paid	2,171	1,648	1,735	1,408	1,408
Levered Free Cash Flow	603.32	2,029	2,038	652.28	1,277
Unlevered Free Cash Flow	607.73	2,193	2,278	835.32	1,441
Change in Working Capital	-3,751	-1,773	-1,878	-1,929	-419.11

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