SHA:601888 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	4,267	6,714	5,030	9,654
Depreciation & Amortization	1,040	896.59	1,132	1,278
Other Amortization	502.07	412.92	305.13	244.08
Loss (Gain) From Sale of Assets	-23.82	-48.29	-9.09	-1.25
Asset Writedown & Restructuring Costs	0.21	20.04	0.01	0.42
Loss (Gain) From Sale of Investments	-63.81	-86.98	-162.49	-162.33
Provision & Write-off of Bad Debts	0.02	0.53	0.18	-0.16
Other Operating Activities	1,383	1,485	1,827	3,439
Change in Accounts Receivable	-113.54	-580.7	-426.45	-446.58
Change in Inventory	3,847	6,232	-8,792	-5,491
Change in Accounts Payable	-2,925	306.07	-2,417	-556.86
Operating Cash Flow	7,939	15,126	-3,415	8,329
Operating Cash Flow Growth	-47.51%	-	-	1.56%
Capital Expenditures	-1,119	-1,802	-2,995	-2,155
Sale of Property, Plant & Equipment	0.8	0.31	4.64	1.65
Cash Acquisitions	18.31	-	-	-126.48
Investment in Securities	247.46	-2,923	-875	-61.5
Other Investing Activities	398.11	8.64	59.09	23.64
Investing Cash Flow	-454.3	-4,716	-3,807	-2,318
Long-Term Debt Issued	63.66	159.5	4,010	-
Total Debt Issued	63.66	159.5	4,010	-
Long-Term Debt Repaid	-881.28	-2,275	-670.68	-418.02
Total Debt Repaid	-881.28	-2,275	-670.68	-418.02
Net Debt Issued (Repaid)	-817.62	-2,115	3,339	-418.02
Issuance of Common Stock	-	-	16,081	-
Common Dividends Paid	-3,498	-1,771	-2,943	-1,971
Other Financing Activities	-51.94	-741.9	-1,023	-1,428
Financing Cash Flow	-4,367	-4,628	15,455	-3,817
Foreign Exchange Rate Adjustments	-96.99	207.2	872.94	-196.39
Net Cash Flow	3,021	5,990	9,106	1,998
Free Cash Flow	6,820	13,325	-6,411	6,174
Free Cash Flow Growth	-48.81%	-	-	-11.39%
Free Cash Flow Margin	12.08%	19.73%	-11.78%	9.12%
Free Cash Flow Per Share	3.30	6.44	-3.22	3.16
Cash Income Tax Paid	1,911	5,761	6,959	5,478
Levered Free Cash Flow	3,772	8,617	-6,011	2,708
Unlevered Free Cash Flow	3,899	8,803	-5,890	2,846
Change in Working Capital	834.45	5,733	-11,539	-6,123

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.