SHA:601918 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	-	2,393	2,109	2,077	2,662
Depreciation & Amortization	-	1,453	1,218	1,151	971.14
Other Amortization	-	100.97	69.71	47.35	37.91
Loss (Gain) From Sale of Assets	-	-	-7.25	-4.37	-87.4
Asset Writedown & Restructuring Costs	-	13.88	2.93	7.36	46.75
Loss (Gain) From Sale of Investments	-	-136.06	-97.7	-75.35	205.73
Provision & Write-off of Bad Debts	-	-3.41	-7.79	4.31	0.09
Other Operating Activities	-	804.13	872.34	947.19	840.34
Change in Accounts Receivable	-	-234.56	321.54	-772.11	-860.74
Change in Inventory	-	-9.58	35.13	-93.53	2.6
Change in Accounts Payable	-	-907.16	-708.42	-264.85	957.85
Operating Cash Flow	-	3,458	3,796	3,007	4,688
Operating Cash Flow Growth	-	-8.91%	26.25%	-35.86%	130.51%
Capital Expenditures	-	-7,015	-3,006	-2,086	-650.65
Sale of Property, Plant & Equipment	-	-	-	4.81	92.64
Cash Acquisitions	-	-	-27.4	-	-
Other Investing Activities	-	7.44	-5.15	4.52	10.81
Investing Cash Flow	-	-7,007	-3,039	-2,076	-547.19
Short-Term Debt Issued	-	-	2.7	36.77	-
Long-Term Debt Issued	-	11,439	6,019	5,181	6,215
Total Debt Issued	-	11,439	6,021	5,218	6,215
Short-Term Debt Repaid	-	-	-285.32	-1.77	-
Long-Term Debt Repaid	-	-6,655	-5,577	-5,835	-8,199
Total Debt Repaid	-	-6,655	-5,862	-5,837	-8,199
Net Debt Issued (Repaid)	-	4,784	159.04	-619.2	-1,985
Common Dividends Paid	-	-863.78	-750.21	-713.19	-787.41
Dividends Paid	-	-863.78	-750.21	-713.19	-787.41
Other Financing Activities	-	279.64	15.7	65.5	-162.35
Financing Cash Flow	-	4,200	-575.47	-1,267	-2,935
Net Cash Flow	-	650.27	181.87	-336.6	1,206
Free Cash Flow	-	-3,557	789.9	920.95	4,037
Free Cash Flow Growth	-	-	-14.23%	-77.19%	310.97%
Free Cash Flow Margin	-	-27.95%	6.15%	7.67%	32.33%
Free Cash Flow Per Share	-	-1.37	0.30	0.36	1.56
Cash Income Tax Paid	-	2,444	2,743	2,928	2,377
Levered Free Cash Flow	-	-2,870	390.33	614.78	-1,307
Unlevered Free Cash Flow	-	-2,549	735.49	1,021	-826.57
Change in Working Capital	-	-1,167	-363.21	-1,147	11.64

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