SHA:603008 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	237.89	322.36	428.87	237.55	558.75
Depreciation & Amortization	253	250.41	251.03	243.73	179.55
Other Amortization	188.14	188.12	176.88	103.5	91.61
Loss (Gain) From Sale of Assets	0.01	-0.12	1.45	0.02	-0.01
Asset Writedown & Restructuring Costs	63.6	23.72	1.34	2.34	4.3
Loss (Gain) From Sale of Investments	4.51	-9.31	-16.44	15.91	-44.19
Provision & Write-off of Bad Debts	-	21.98	51.38	17.79	54.12
Other Operating Activities	98.07	83.95	84.83	109.33	115.42
Change in Accounts Receivable	30.05	33.65	-24.59	350.82	-932.47
Change in Inventory	-2.5	137.38	157.77	-98.07	-303.08
Change in Accounts Payable	-8.47	-188.47	157.13	-99.89	998.88
Operating Cash Flow	840.92	786.6	1,253	841.29	703.61
Operating Cash Flow Growth	6.91%	-37.23%	48.95%	19.57%	-4.92%
Capital Expenditures	-591.01	-361.41	-572.71	-854.54	-492.07
Sale of Property, Plant & Equipment	7.18	6.92	5.93	0.06	1.69
Divestitures	-	-	90	90	64.04
Investment in Securities	45.03	90.57	10	-160	80.18
Other Investing Activities	-39.54	4.61	7.94	9.12	11.57
Investing Cash Flow	-578.35	-93.32	-243.33	-805.64	-334.59
Long-Term Debt Issued	3,882	3,592	2,635	2,393	1,944
Total Debt Issued	3,882	3,592	2,635	2,393	1,944
Long-Term Debt Repaid	-3,625	-3,270	-3,335	-2,088	-1,810
Total Debt Repaid	-3,625	-3,270	-3,335	-2,088	-1,810
Net Debt Issued (Repaid)	257.24	321.66	-699.45	305.11	134.81
Issuance of Common Stock	-	7.5	-	159.82	-
Repurchase of Common Stock	-	-79.99	-200.02	-	-190
Common Dividends Paid	-363.6	-356.19	-91.84	-188.84	-164.38
Other Financing Activities	-331.81	45.96	228.2	-306.85	-27.05
Financing Cash Flow	-438.16	-61.05	-763.11	-30.77	-246.62
Net Cash Flow	-175.59	632.23	246.67	4.88	122.4
Free Cash Flow	249.91	425.19	680.4	-13.25	211.54
Free Cash Flow Growth	-41.23%	-37.51%	-	-	-59.91%
Free Cash Flow Margin	2.83%	4.87%	7.84%	-0.17%	2.72%
Free Cash Flow Per Share	0.67	1.12	1.76	-0.04	0.55
Cash Income Tax Paid	518.28	406.68	407.67	433.29	338.27
Levered Free Cash Flow	101.43	-6.12	697.67	-431.17	949.07
Unlevered Free Cash Flow	101.43	42.63	741.57	-374.95	990.31
Change in Working Capital	-4.29	-94.49	273.76	111.12	-255.94

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