SHA:603179 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	804.18	976.64	805.53	470.54	284.01
Depreciation & Amortization	525.84	364.03	295.61	212.69	170.46
Other Amortization	117.73	51	33.27	20.3	14
Loss (Gain) From Sale of Assets	-1.65	-0.5	9.14	-0.72	-26.93
Asset Writedown & Restructuring Costs	8.73	0.8	0.79	4.84	11.52
Loss (Gain) From Sale of Investments	3.17	2.14	-0.38	-4.51	-7.36
Provision & Write-off of Bad Debts	-	54.1	64.27	56.12	15.01
Other Operating Activities	112.16	115.81	58.27	29.3	53.92
Change in Accounts Receivable	-74.97	-1,103	2,283	-767.43	344.97
Change in Inventory	-220.67	-241.87	-729.15	-271.07	-385.79
Change in Accounts Payable	-507.56	1,099	-2,223	999.05	-249.75
Operating Cash Flow	768.23	1,293	589.99	755.47	211.01
Operating Cash Flow Growth	-40.59%	119.19%	-21.90%	258.03%	1425.90%
Capital Expenditures	-1,127	-1,487	-1,074	-989.1	-611.29
Sale of Property, Plant & Equipment	54.19	22.11	0.29	0.33	40.7
Cash Acquisitions	-146.31	-	-	-	-
Investment in Securities	-	-3.5	93	170.09	-270
Other Investing Activities	-	-	-7.34	4.91	4.91
Investing Cash Flow	-1,219	-1,468	-987.81	-813.77	-835.68
Long-Term Debt Issued	1,469	1,648	793.28	930.01	576.09
Total Debt Issued	1,469	1,648	793.28	930.01	576.09
Long-Term Debt Repaid	-1,033	-1,158	-706.97	-775.39	-582.16
Total Debt Repaid	-1,033	-1,158	-706.97	-775.39	-582.16
Net Debt Issued (Repaid)	436.22	489.9	86.31	154.62	-6.06
Issuance of Common Stock	-	119.99	1,152	-	-
Repurchase of Common Stock	-	-119.99	-	-	-
Common Dividends Paid	-206.1	-194.13	-178	-148.14	-148.37
Other Financing Activities	-188.64	28.98	75.65	-173.26	3.57
Financing Cash Flow	41.48	324.75	1,135	-166.78	-150.86
Foreign Exchange Rate Adjustments	31.61	-15.56	-1.31	10.34	-4.64
Net Cash Flow	-378.15	134.31	736.35	-214.74	-780.17
Free Cash Flow	-359.11	-193.49	-483.76	-233.62	-400.28
Free Cash Flow Margin	-2.31%	-1.46%	-4.58%	-3.36%	-8.68%
Free Cash Flow Per Share	-0.73	-0.40	-0.99	-0.48	-0.82
Cash Income Tax Paid	322.97	420.86	320.22	141.49	174.56
Levered Free Cash Flow	-158.9	-203.07	-623.37	-296.87	-474.94
Unlevered Free Cash Flow	-158.9	-145.95	-588.62	-269.59	-449.01
Change in Working Capital	-801.93	-263.36	-676.32	-50.23	-303.63

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