SHA:603378 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	-1,381	-329.28	60.18	105.73	-543.99
Depreciation & Amortization	160.56	168.93	144.23	110.1	79.43
Other Amortization	2.58	6.07	4.19	4.07	3.89
Loss (Gain) From Sale of Assets	-9.83	-0.78	-16.29	2.38	-0.17
Asset Writedown & Restructuring Costs	267.45	-5.6	2.55	0.32	-19.25
Loss (Gain) From Sale of Investments	-1.45	17.47	-2.68	-17.39	1.63
Provision & Write-off of Bad Debts	-	126.64	185.82	250.1	386.14
Other Operating Activities	569.96	67.94	136.45	-17.59	481.5
Change in Accounts Receivable	548.89	9.52	111.9	334.63	-1,622
Change in Inventory	24.81	85.48	3.43	45.37	-101.79
Change in Accounts Payable	-515.43	-543.1	-141.78	-512.75	460.02
Change in Other Net Operating Assets	-0.11	-3.49	-19.64	37.46	45.99
Operating Cash Flow	-40.77	-419	437.63	324.27	-1,026
Operating Cash Flow Growth	-	-	34.96%	-	-
Capital Expenditures	-18.21	-166.98	-262.62	-453.79	-1,082
Sale of Property, Plant & Equipment	19.72	82.75	45.76	54.95	2.69
Investment in Securities	7.61	6.51	0.12	3.13	-34.7
Other Investing Activities	-	0	-	-	-
Investing Cash Flow	9.12	-77.72	-216.74	-395.71	-1,114
Long-Term Debt Issued	1,818	4,462	2,462	2,555	2,907
Long-Term Debt Repaid	-1,879	-3,789	-2,597	-2,844	-1,242
Net Debt Issued (Repaid)	-60.91	672.77	-134.54	-289.26	1,665
Issuance of Common Stock	-	-	-	-	126.25
Repurchase of Common Stock	-	-50.03	-7.86	-14.69	-101.38
Common Dividends Paid	-81.47	-98.58	-98.16	-57.93	-147.99
Other Financing Activities	-36.61	-	-	-	-
Financing Cash Flow	-179	524.16	-240.56	-361.88	1,542
Foreign Exchange Rate Adjustments	0	-0	0	0.01	-0
Net Cash Flow	-210.65	27.43	-19.67	-433.31	-598.51
Free Cash Flow	-58.98	-585.98	175.01	-129.51	-2,108
Free Cash Flow Margin	-12.76%	-28.55%	5.63%	-4.17%	-44.71%
Free Cash Flow Per Share	-0.14	-1.37	0.41	-0.29	-4.92
Cash Income Tax Paid	5.82	95	209.22	-3.3	319.2
Levered Free Cash Flow	492.59	-161	162.36	-995.03	-529.42
Unlevered Free Cash Flow	492.59	-88.65	227.51	-936.89	-471.03
Change in Working Capital	350.53	-470.39	-76.81	-113.44	-1,415

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