SHA:605366 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	-149.64	-30.87	64.97	352.38	167.64
Depreciation & Amortization	201.11	167.97	130.75	67.39	65.21
Other Amortization	3.07	3.02	1.91	2.1	2.18
Loss (Gain) From Sale of Assets	0.98	13.57	0.22	4.97	5.5
Asset Writedown & Restructuring Costs	28.76	0	-	-	4.5
Loss (Gain) From Sale of Investments	-4.86	-9.26	-0.84	-10.86	-8.22
Provision & Write-off of Bad Debts	-	1.04	0	-0.23	3.47
Other Operating Activities	45.63	46.23	30.5	15.83	6.25
Change in Accounts Receivable	-33.36	-49.51	-49.35	-119.1	-167.75
Change in Inventory	-3.47	59.1	-65.31	-14.89	-35.42
Change in Accounts Payable	-156.74	102.39	89.67	43.16	36.51
Change in Other Net Operating Assets	7.11	-15.54	9.16	12.86	-
Operating Cash Flow	-99.28	276.63	194.84	348.49	76.6
Operating Cash Flow Growth	-	41.97%	-44.09%	354.96%	-20.41%
Capital Expenditures	-419.31	-102.98	-459.02	-777.01	-212.17
Sale of Property, Plant & Equipment	0.7	4.65	1.84	7.58	7.08
Investment in Securities	190	-448.21	64.16	344.82	-331.67
Other Investing Activities	19.41	0.85	0.61	4.15	42.59
Investing Cash Flow	-209.2	-545.69	-392.41	-420.45	-494.17
Long-Term Debt Issued	549.09	1,527	616.96	556.36	290
Total Debt Issued	549.09	1,527	616.96	556.36	290
Long-Term Debt Repaid	-522.46	-492.44	-488	-391.82	-0.31
Total Debt Repaid	-522.46	-492.44	-488	-391.82	-0.31
Net Debt Issued (Repaid)	26.63	1,035	128.96	164.54	289.69
Issuance of Common Stock	-	5.35	9.28	48.93	-
Repurchase of Common Stock	-	-88.92	-0.12	-44.51	-
Common Dividends Paid	-18.81	-44.92	-133.55	-74.48	-105.2
Other Financing Activities	361.17	-18.67	-1.45	-	-50.99
Financing Cash Flow	369	887.41	3.13	94.48	133.5
Foreign Exchange Rate Adjustments	4.62	4.65	2.84	2.9	-1.21
Miscellaneous Cash Flow Adjustments	-	-	-	-	-2.99
Net Cash Flow	65.14	623.01	-191.6	25.41	-288.28
Free Cash Flow	-518.59	173.64	-264.18	-428.52	-135.57
Free Cash Flow Margin	-37.31%	11.75%	-19.07%	-25.24%	-10.57%
Free Cash Flow Per Share	-0.82	0.28	-0.45	-0.69	-0.23
Cash Income Tax Paid	23.27	-53.58	-29.56	79.61	24.08
Levered Free Cash Flow	-415.78	373.03	-326.73	-483.26	-181.99
Unlevered Free Cash Flow	-415.78	402.04	-311.46	-469.96	-177.53
Change in Working Capital	-224.32	84.92	-32.67	-83.08	-169.94

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