SHA:605599 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,233	1,154	719.01	706.79	460.13	363.53
Depreciation & Amortization	91.45	91.45	77.45	75.34	64.85	56.56
Other Amortization	21.59	21.59	23.5	15.8	18.18	15.03
Loss (Gain) From Sale of Assets	-0.07	-0.07	-0.58	-0.13	-0.04	-0.04
Asset Writedown & Restructuring Costs	7.81	7.81	0	0.01	-	-
Loss (Gain) From Sale of Investments	-17.66	-17.66	-19.28	-16.19	-14.29	-18.81
Provision & Write-off of Bad Debts	-	-	-0.01	-0.25	-16.49	16.89
Other Operating Activities	-1,382	28.54	33.5	39.35	33.97	21.97
Change in Accounts Receivable	-766.87	-766.87	-236.76	-124.58	-52.75	-2.36
Change in Inventory	-318.69	-318.69	-714.92	-529.67	17.8	-1,035
Change in Accounts Payable	1,633	1,633	467.52	481.69	70.8	201.71
Change in Other Net Operating Assets	156.88	156.88	31.72	37.3	25.1	-18.95
Operating Cash Flow	652.88	1,985	381.24	690.95	606.68	-404.07
Operating Cash Flow Growth	-48.01%	420.70%	-44.82%	13.89%	-	-
Capital Expenditures	-30.43	-34.98	-40.55	-32.74	-48.09	-36.93
Sale of Property, Plant & Equipment	0.12	0.12	-	0.11	0.06	0.08
Investment in Securities	-	-	-70	-109.9	100	201.92
Other Investing Activities	-6.65	-437.48	17.63	15.87	20.66	18.67
Investing Cash Flow	-36.96	-472.34	-92.91	-126.65	72.62	183.75
Long-Term Debt Repaid	-	-	-73.19	-66.34	-48.39	-38.34
Total Debt Repaid	-	-	-73.19	-66.34	-48.39	-38.34
Net Debt Issued (Repaid)	-	-	-73.19	-66.34	-48.39	-38.34
Issuance of Common Stock	-	-	-	-	-	741.78
Common Dividends Paid	-560	-560	-544.52	-357.7	-280	-
Other Financing Activities	-100.36	-96.45	-22.94	-19.11	-23.96	-32.78
Financing Cash Flow	-660.36	-656.45	-640.65	-443.15	-352.35	670.66
Net Cash Flow	-44.43	856.36	-352.32	121.15	326.96	450.34
Free Cash Flow	622.45	1,950	340.69	658.21	558.59	-440.99
Free Cash Flow Growth	-49.04%	472.41%	-48.24%	17.83%	-	-
Free Cash Flow Margin	1.79%	6.77%	1.68%	3.98%	5.08%	-4.24%
Free Cash Flow Per Share	0.80	2.51	0.44	0.85	0.72	-0.61
Cash Income Tax Paid	873.4	873.4	668.73	649.17	460.74	404.96
Levered Free Cash Flow	942.32	2,114	265.52	499.37	478.52	-528.93
Unlevered Free Cash Flow	942.42	2,114	281.87	513.81	488.37	-516.57
Change in Working Capital	699.24	699.24	-452.35	-129.77	60.37	-859.21

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