SHA:688005 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	-161.71	295.91	580.91	1,353	911.04
Depreciation & Amortization	756.9	615.26	441.28	319.3	180.05
Other Amortization	32.37	44.16	29.14	16.6	8.06
Loss (Gain) From Sale of Assets	-0.18	0.32	0.22	0.1	1.71
Asset Writedown & Restructuring Costs	92.01	25.29	3.61	28.3	7.79
Loss (Gain) From Sale of Investments	-88.56	-24.92	61.95	5.08	-40.51
Provision & Write-off of Bad Debts	-	10.68	5.84	17.34	-72.87
Other Operating Activities	166.03	280.36	441.35	144.57	9.42
Change in Accounts Receivable	1,481	-627.74	1,810	-5,314	-4,605
Change in Inventory	25.62	-766.33	1,428	-1,747	-1,115
Change in Accounts Payable	-1,103	769.12	-2,920	4,878	4,428
Change in Other Net Operating Assets	0.66	-6.05	-38.93	71.38	85.62
Operating Cash Flow	1,135	523.4	1,795	-240.98	-191.85
Operating Cash Flow Growth	116.89%	-70.85%	-	-	-
Capital Expenditures	-570.29	-1,776	-1,637	-3,091	-1,904
Sale of Property, Plant & Equipment	0.81	0.15	0.39	2.64	1.23
Cash Acquisitions	-50.68	-0.01	-	-20.86	-
Investment in Securities	-199.08	-558.66	-60.86	35.5	143.13
Other Investing Activities	540.8	20.79	5.69	4.04	6.2
Investing Cash Flow	-278.44	-2,307	-1,692	-3,062	-1,755
Long-Term Debt Issued	4,007	3,400	3,909	5,405	1,379
Long-Term Debt Repaid	-3,582	-2,556	-3,441	-1,643	-167
Net Debt Issued (Repaid)	425.4	843.59	468.6	3,762	1,212
Issuance of Common Stock	-	-	1,401	111.44	134.01
Repurchase of Common Stock	-	-191.43	-109.97	-	-
Common Dividends Paid	-425.31	-320.32	-295.84	-191.36	-49.2
Other Financing Activities	-480.2	-896.04	-74.33	795.75	599.61
Financing Cash Flow	-480.12	-564.2	1,389	4,477	1,897
Foreign Exchange Rate Adjustments	-19.09	-81.41	-6.57	17.4	-11.68
Net Cash Flow	357.56	-2,430	1,487	1,191	-62.4
Free Cash Flow	564.92	-1,252	158.47	-3,332	-2,096
Free Cash Flow Margin	4.61%	-8.30%	0.70%	-11.06%	-20.43%
Free Cash Flow Per Share	0.81	-1.78	0.23	-4.91	-3.10
Cash Income Tax Paid	136.78	272.63	370.61	457.06	64.54
Levered Free Cash Flow	745.55	-2,081	-1,182	-3,275	1,183
Unlevered Free Cash Flow	745.55	-1,967	-1,089	-3,221	1,189
Change in Working Capital	338.35	-723.65	231.07	-2,125	-1,197

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