SHA:688538 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	-	-2,518	-3,244	-1,602	-945.16
Depreciation & Amortization	-	1,902	1,713	1,469	1,024
Other Amortization	-	14.99	-	-	-
Loss (Gain) From Sale of Assets	-	-13.85	-	-	-0.08
Asset Writedown & Restructuring Costs	-	0.01	13.65	0.08	93.23
Loss (Gain) From Sale of Investments	-	-21.32	-54.26	-143.75	-85.05
Provision & Write-off of Bad Debts	-	3.94	-1.83	-0.74	4.12
Other Operating Activities	-	1,041	1,013	733.86	162.85
Change in Accounts Receivable	-	-340	179.78	520.95	-493.35
Change in Inventory	-	-323.44	200.63	-829.8	-330.2
Change in Accounts Payable	-	69.99	-98.24	-236.04	675.29
Change in Other Net Operating Assets	-	12.41	0.12	59.62	-11.75
Operating Cash Flow	-	-172.49	-278.16	-28.94	94.11
Capital Expenditures	-	-927.07	-1,666	-3,778	-1,736
Sale of Property, Plant & Equipment	-	18.19	-	-	1.17
Investment in Securities	-	-	2,000	2,700	-5,700
Other Investing Activities	-	23.01	148.27	560.06	58.47
Investing Cash Flow	-	-885.87	482.5	-518.38	-7,376
Long-Term Debt Issued	-	7,068	1,830	1,437	1,526
Long-Term Debt Repaid	-	-3,447	-779.09	-2,286	-1,006
Net Debt Issued (Repaid)	-	3,621	1,051	-849.66	519.74
Issuance of Common Stock	-	-	-	147.56	8,026
Repurchase of Common Stock	-	-45.82	-60.21	-	-
Common Dividends Paid	-	-666.24	-649.62	-567.16	-508.81
Other Financing Activities	-	-	-	-	-27.14
Financing Cash Flow	-	2,909	341.37	-1,269	8,009
Foreign Exchange Rate Adjustments	-	14.44	-1.98	70.25	-12.39
Net Cash Flow	-	1,865	543.73	-1,746	714.7
Free Cash Flow	-	-1,100	-1,944	-3,807	-1,642
Free Cash Flow Margin	-	-22.18%	-63.98%	-90.85%	-40.84%
Free Cash Flow Per Share	-	-0.08	-0.14	-0.28	-0.14
Cash Income Tax Paid	-	-138.78	-154.25	-350.28	-165.54
Levered Free Cash Flow	-	-929.83	-1,509	-3,493	-1,160
Unlevered Free Cash Flow	-	-525.37	-1,182	-3,299	-1,054
Change in Working Capital	-	-581.05	282.29	-485.27	-160.02

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