SHA:603162 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	465	549.02	185.04	671.42	517.44
Depreciation & Amortization	695.09	512.76	152.67	129.94	-
Other Amortization	0.95	0.66	0.33	0.05	-
Loss (Gain) From Sale of Assets	-2.55	-31.72	0	0.01	-
Asset Writedown & Restructuring Costs	-1.8	-	-	-	-
Loss (Gain) From Sale of Investments	-1.7	-4.25	-12.66	-3.71	-
Provision & Write-off of Bad Debts	-	-0.85	5.8	4.58	-
Other Operating Activities	107.66	50.33	25.1	40.64	173.3
Change in Accounts Receivable	-145.16	-159.46	-152.33	-9.82	-
Change in Inventory	-94.69	5.34	-79.85	2.2	-
Change in Accounts Payable	236.28	65.18	66.64	-38.41	-
Change in Other Net Operating Assets	52.89	33.86	11.99	2.66	-
Operating Cash Flow	1,311	1,015	200.22	798.91	690.74
Operating Cash Flow Growth	29.14%	407.05%	-74.94%	15.66%	388.14%
Capital Expenditures	-1,184	-1,978	-985.62	-7.89	-245.67
Sale of Property, Plant & Equipment	103.55	49.06	-	-	-
Investment in Securities	-	404.78	-295.68	-195.01	-
Other Investing Activities	12.41	12.13	3.02	0.95	2.02
Investing Cash Flow	-1,068	-1,512	-1,278	-201.95	-243.64
Long-Term Debt Issued	329.06	956.63	-	-	18.1
Long-Term Debt Repaid	-120.26	-485.5	-192.57	-342.48	-61.49
Net Debt Issued (Repaid)	208.81	471.13	-192.57	-342.48	-43.39
Issuance of Common Stock	59.55	46.04	1,469	-	158
Repurchase of Common Stock	-	-23.66	-	-	-
Common Dividends Paid	-108.8	-94.55	-82.55	-37.49	-1.75
Other Financing Activities	-332.34	-	-	-	-331.1
Financing Cash Flow	-172.77	398.97	1,194	-379.97	-218.24
Foreign Exchange Rate Adjustments	-12	8.51	-6.13	33.93	-2.84
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	57.9	-89.47	109.87	250.92	226.02
Free Cash Flow	126.71	-962.92	-785.4	791.02	445.07
Free Cash Flow Growth	-	-	-	77.73%	217.68%
Free Cash Flow Margin	2.85%	-26.32%	-46.05%	38.66%	27.85%
Free Cash Flow Per Share	0.14	-1.03	-0.89	0.97	0.55
Cash Income Tax Paid	31.85	11.34	12.2	80.5	56.03
Levered Free Cash Flow	-153.88	-1,140	-895.48	460.93	41.54
Unlevered Free Cash Flow	-153.88	-1,112	-878.51	487.82	75.22
Change in Working Capital	48.46	-60.71	-156.06	-44.02	-

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