SHA:603596 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	1,309	1,209	891.5	698.81	504.53
Depreciation & Amortization	345.68	300.36	225.31	161.91	115.47
Other Amortization	8.44	0.34	0.39	1.05	0.04
Loss (Gain) From Sale of Assets	-0.55	0.24	1.82	1.71	0.5
Asset Writedown & Restructuring Costs	1.58	1.49	0.31	-	-
Loss (Gain) From Sale of Investments	-44.68	4.99	-4.26	-6.49	3.1
Provision & Write-off of Bad Debts	10.53	69.31	22.15	49.41	4.05
Other Operating Activities	-1.92	-1.81	8.79	-27.62	-0.81
Change in Accounts Receivable	-1,012	-1,608	-1,379	-808.5	-153.78
Change in Inventory	-399.02	-411.58	-142.97	-355.44	-93.2
Change in Accounts Payable	638.88	1,490	1,076	1,044	63.58
Operating Cash Flow	866.96	1,058	678.33	784.54	433.11
Operating Cash Flow Growth	-18.04%	55.93%	-13.54%	81.14%	-25.90%
Capital Expenditures	-784.84	-731.69	-1,032	-607.83	-283.71
Sale of Property, Plant & Equipment	3.33	3.35	0.18	3.16	1.63
Cash Acquisitions	-	-	-60.59	-131.33	-2.5
Divestitures	-	-	-	-	3.2
Investment in Securities	-3,078	-5.8	217.7	301.17	-644.26
Other Investing Activities	103.49	27.92	33.76	93.13	35.55
Investing Cash Flow	-3,756	-706.22	-841.43	-341.69	-890.09
Long-Term Debt Issued	2,873	89.8	343.39	104.42	130.33
Long-Term Debt Repaid	-103.9	-336.69	-6.58	-266.69	-9.44
Net Debt Issued (Repaid)	2,769	-246.89	336.81	-162.27	120.89
Issuance of Common Stock	44.95	-	22.28	-	-
Repurchase of Common Stock	-14.9	-63.21	-11.6	-73.6	-
Common Dividends Paid	-215.7	-157.42	-146.79	-55.77	-54.77
Other Financing Activities	12.87	-48.01	-38.62	-1.9	1,010
Financing Cash Flow	2,596	-515.52	162.07	-293.54	1,076
Foreign Exchange Rate Adjustments	-5.39	-0.44	7.16	-3.16	-2.76
Net Cash Flow	-298.77	-164.46	6.13	146.14	616.21
Free Cash Flow	82.12	326.03	-354.14	176.71	149.4
Free Cash Flow Growth	-74.81%	-	-	18.28%	-63.40%
Free Cash Flow Margin	0.68%	3.28%	-4.74%	3.19%	4.28%
Free Cash Flow Per Share	0.13	0.54	-0.61	0.30	0.26
Cash Income Tax Paid	382.45	280.19	141.84	94.63	160.56
Levered Free Cash Flow	-414.12	-121.46	-685.89	-73.54	21.86
Unlevered Free Cash Flow	-391.8	-115.12	-667.11	-50.83	43.73
Change in Working Capital	-761.56	-526.04	-467.66	-94.24	-193.76

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