SHA:601882 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	429.81	522.99	609.48	520.65	371.07
Depreciation & Amortization	84.6	74.73	79.39	77.74	80.38
Other Amortization	0.4	1.17	0.37	0.46	0.54
Loss (Gain) From Sale of Assets	-0.67	-0.57	-0.01	-0.76	-1.12
Asset Writedown & Restructuring Costs	57.62	0	-0.02	0.01	0.03
Loss (Gain) From Sale of Investments	-4.56	-13.09	-23.38	-6.56	-13.19
Provision & Write-off of Bad Debts	-	21.68	10.4	6.47	7.03
Other Operating Activities	23.17	43.77	43.73	21.29	34.95
Change in Accounts Receivable	-137.67	-224.08	115.7	-350	-526.38
Change in Inventory	-109.49	58.15	-38.56	-329.86	-539.26
Change in Accounts Payable	264.18	-225.65	-223.7	283.81	1,028
Operating Cash Flow	592.84	248.56	569.1	218.06	437.74
Operating Cash Flow Growth	138.51%	-56.32%	160.99%	-50.19%	-18.99%
Capital Expenditures	-226.98	-274.43	-79.24	-281.9	-36.02
Sale of Property, Plant & Equipment	1.09	0.11	0.1	1.86	0.12
Investment in Securities	-288.88	477.05	-163.88	-227.71	-30
Other Investing Activities	-	-	-	-	11.78
Investing Cash Flow	-514.77	202.73	-243.02	-507.75	-54.12
Long-Term Debt Issued	54.21	-	-	-	-
Total Debt Issued	54.21	-	-	-	-
Long-Term Debt Repaid	-	-6.31	-7	-4.12	-3.21
Total Debt Repaid	-	-6.31	-7	-4.12	-3.21
Net Debt Issued (Repaid)	54.21	-6.31	-7	-4.12	-3.21
Issuance of Common Stock	-	2.1	-	-	-
Common Dividends Paid	-187.92	-140.94	-281.88	-186.26	-124.24
Other Financing Activities	-1.62	-	-	-	-
Financing Cash Flow	-135.33	-145.15	-288.88	-190.38	-127.45
Foreign Exchange Rate Adjustments	-0.3	5.27	-6.94	3.32	-3.08
Net Cash Flow	-57.56	311.41	30.26	-476.75	253.09
Free Cash Flow	365.86	-25.87	489.87	-63.85	401.72
Free Cash Flow Growth	-	-	-	-	-24.76%
Free Cash Flow Margin	10.86%	-0.77%	14.74%	-2.01%	14.71%
Free Cash Flow Per Share	0.70	-0.05	0.94	-0.12	0.77
Cash Income Tax Paid	153.84	146.2	117.01	210.68	141.6
Levered Free Cash Flow	318.78	-197.41	193.33	-291.85	372.64
Unlevered Free Cash Flow	318.78	-196.03	195.47	-289.65	375.15
Change in Working Capital	2.46	-402.14	-150.87	-401.23	-41.95

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