SHA:603113 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	22.04	-57.87	137.38	249.17	925.81
Depreciation & Amortization	849.36	894.63	742.2	754.96	518.81
Other Amortization	1.77	3.15	0.1	-	-
Loss (Gain) From Sale of Assets	-21.73	5.61	-0.4	-110.77	-5.22
Asset Writedown & Restructuring Costs	26.88	0.06	-0.17	31.13	59.35
Loss (Gain) From Sale of Investments	-19.09	11.74	-28.27	-12.64	-67.74
Provision & Write-off of Bad Debts	-	-28.57	15.34	19.47	14.58
Other Operating Activities	-26.19	211.22	238.01	195.63	78.29
Change in Accounts Receivable	-4,363	-4,037	-6,736	-3,914	-184.48
Change in Inventory	162.25	-755.12	-184.44	131.93	-649.97
Change in Accounts Payable	3,974	4,041	7,034	2,207	119.85
Change in Other Net Operating Assets	-60.35	-23.31	-	-	-1.45
Operating Cash Flow	547.56	216.55	1,153	-512.52	822.56
Operating Cash Flow Growth	152.86%	-81.23%	-	-	-37.84%
Capital Expenditures	-738.22	-486.8	-2,217	-1,751	-1,437
Sale of Property, Plant & Equipment	28	7.77	6.2	139.21	12.56
Investment in Securities	678	-983.94	1,393	173.18	556.97
Other Investing Activities	-152.2	-259.31	21.82	79.6	151.36
Investing Cash Flow	-184.41	-1,722	-795.73	-1,359	-615.34
Long-Term Debt Issued	2,619	2,549	2,758	3,890	2,112
Total Debt Issued	2,619	2,549	2,758	3,890	2,112
Long-Term Debt Repaid	-2,451	-5,071	-5,056	-3,949	-1,380
Total Debt Repaid	-2,451	-5,071	-5,056	-3,949	-1,380
Net Debt Issued (Repaid)	168.33	-2,522	-2,298	-59.42	731.84
Common Dividends Paid	-480.97	-166.23	-201.06	-354.11	-323.91
Other Financing Activities	439.59	4,341	2,461	2,228	5.1
Financing Cash Flow	126.95	1,653	-38.55	1,814	413.03
Foreign Exchange Rate Adjustments	-53.08	-5.21	-43.04	21.36	6.31
Net Cash Flow	437.02	141.73	276.18	-35.71	626.55
Free Cash Flow	-190.66	-270.25	-1,063	-2,263	-614.54
Free Cash Flow Margin	-1.13%	-1.66%	-7.29%	-13.47%	-5.12%
Free Cash Flow Per Share	-0.23	-0.33	-1.24	-2.63	-0.67
Cash Income Tax Paid	228.71	77.85	155.64	401.87	343.5
Levered Free Cash Flow	-1,656	1,833	-1,111	-1,918	-1,094
Unlevered Free Cash Flow	-1,656	1,939	-1,008	-1,845	-1,067
Change in Working Capital	-285.49	-823.4	49.3	-1,639	-701.32

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