SHA:601816 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	13,351	13,172	12,768	11,546	-576.23	4,816
Depreciation & Amortization	5,655	5,655	5,858	5,926	5,946	5,712
Other Amortization	0.77	0.77	-	-	-	-
Loss (Gain) From Sale of Assets	-0.57	-0.57	-0.02	-	-	-
Asset Writedown & Restructuring Costs	4.94	4.94	0.19	2.59	0.26	0.27
Other Operating Activities	1,048	1,619	1,854	2,249	2,118	2,900
Change in Accounts Receivable	75.59	75.59	-299.98	-807.57	-335.1	1,979
Change in Accounts Payable	713.71	713.71	-105.75	2,175	-340.45	76.29
Operating Cash Flow	20,812	21,205	20,065	21,081	6,801	15,468
Operating Cash Flow Growth	2.27%	5.68%	-4.82%	209.96%	-56.03%	22.74%
Capital Expenditures	-673.56	-754.76	-1,180	-1,490	-1,099	-3,704
Sale of Property, Plant & Equipment	5.86	4.86	6.83	0.25	0	74.65
Other Investing Activities	-7,820	-2,988	5	377.57	-	22.36
Investing Cash Flow	-8,488	-3,738	-1,168	-1,113	-1,099	-3,607
Long-Term Debt Issued	-	2,955	12,993	16,894	4,659	7,888
Long-Term Debt Repaid	-	-4,964	-26,999	-26,021	-8,380	-13,608
Net Debt Issued (Repaid)	-2,173	-2,009	-14,006	-9,127	-3,721	-5,720
Repurchase of Common Stock	-956.04	-956.04	-44.46	-	-	-
Common Dividends Paid	-9,233	-9,264	-7,559	-3,277	-5,560	-5,173
Other Financing Activities	956.63	-	-	-	-	-
Financing Cash Flow	-11,405	-12,229	-21,609	-12,404	-9,281	-10,892
Net Cash Flow	919.19	5,238	-2,712	7,564	-3,578	967.91
Free Cash Flow	20,138	20,450	18,885	19,590	5,703	11,763
Free Cash Flow Growth	4.93%	8.28%	-3.60%	243.54%	-51.52%	66.72%
Free Cash Flow Margin	46.40%	47.49%	44.80%	48.15%	29.49%	40.14%
Free Cash Flow Per Share	0.41	0.42	0.39	0.40	0.12	0.24
Cash Income Tax Paid	6,578	6,578	6,558	4,948	513.16	3,373
Levered Free Cash Flow	18,841	16,360	14,205	15,354	4,586	5,318
Unlevered Free Cash Flow	19,818	17,352	15,424	16,971	6,520	7,505
Change in Working Capital	753.19	753.19	-414.75	1,359	-687.04	2,040

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