SHA:603393 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	806.88	1,185	1,048	923.49	1,028
Depreciation & Amortization	1,287	1,014	687.81	554.01	436.79
Other Amortization	6.18	2.46	1.92	1.97	2.03
Loss (Gain) on Sale of Assets	8.13	3.45	-3.67	-	-0.17
Loss (Gain) on Sale of Investments	28.73	21.1	-22.19	-29.99	-551.95
Asset Writedown	394.93	0.32	-17.4	1.03	3.62
Change in Accounts Receivable	-66.9	-360.02	-53.38	249.67	-430.85
Change in Inventory	9.71	-37.76	0.02	-1.27	-8.28
Change in Accounts Payable	-221.4	-172.01	-474.03	-365.27	438.29
Change in Other Net Operating Assets	13.36	-0.06	-1.25	-2.95	-6.36
Other Operating Activities	43.06	229.84	548.72	767.73	504.95
Operating Cash Flow	2,479	2,071	1,974	1,837	1,461
Operating Cash Flow Growth	19.71%	4.90%	7.46%	25.74%	53.15%
Capital Expenditures	-3,706	-2,150	-1,313	-1,095	-701.58
Sale of Property, Plant & Equipment	0.19	0.05	1.92	2.87	0.74
Cash Acquisitions	-82.48	-467.19	-469.22	-	-
Divestitures	-	-	-	158.56	231.11
Investment in Securities	-761.91	-326.06	289.57	-729.34	-234.39
Other Investing Activities	51.08	6.15	14.82	37.26	-67.82
Investing Cash Flow	-4,500	-2,937	-1,476	-1,625	-771.95
Long-Term Debt Issued	4,096	1,830	2,971	1,150	802.7
Long-Term Debt Repaid	-1,472	-1,225	-934.87	-880.55	-1,150
Net Debt Issued (Repaid)	2,624	605	2,036	269.45	-346.97
Issuance of Common Stock	-	22.95	-	7	800.75
Common Dividends Paid	-250.22	-536.26	-387.03	-281.8	-243.23
Other Financing Activities	225.52	465	-2,477	-94.14	-408.4
Financing Cash Flow	2,599	556.68	-827.38	-99.48	-197.84
Foreign Exchange Rate Adjustments	-8.32	2.41	75.72	34.69	-4.26
Net Cash Flow	570.68	-307	-253.6	147.35	487.12
Free Cash Flow	-1,227	-79.04	660.96	742.79	759.58
Free Cash Flow Growth	-	-	-11.02%	-2.21%	187.03%
Free Cash Flow Margin	-31.27%	-2.09%	18.80%	21.74%	29.03%
Free Cash Flow Per Share	-2.89	-0.19	1.56	1.75	1.98
Cash Income Tax Paid	455.87	402.33	453.23	745.5	153.02
Levered Free Cash Flow	-1,572	-680.97	685.57	1,019	394.58
Unlevered Free Cash Flow	-1,406	-567.38	789.39	1,067	456.24
Change in Working Capital	-207.2	-405.99	-286.64	-399.66	17.28

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