SHA:688660 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	-988.92	-784.79	-1,271	-338.07	507.02
Depreciation & Amortization	442.07	417.66	408.74	444.7	449.9
Other Amortization	11.16	17.59	10.86	10.58	2.91
Loss (Gain) From Sale of Assets	2.24	-7.97	-11.4	4.94	-8.12
Asset Writedown & Restructuring Costs	-	-	-	2.71	16.78
Loss (Gain) From Sale of Investments	-228.16	-58.88	-457.38	-128.65	35.53
Stock-Based Compensation	-	-	-	2.7	-0.46
Provision & Write-off of Bad Debts	69.32	12.63	69.62	73.68	-3.82
Other Operating Activities	426.04	276.07	266.23	106.63	72.44
Change in Accounts Receivable	-2,777	-2,415	-183.74	-421.67	3,653
Change in Inventory	-2,667	-67.15	-29.08	2,346	472.15
Change in Accounts Payable	6,367	2,791	-2,606	-2,612	-4,732
Change in Other Net Operating Assets	16.79	10.92	-4.07	14.41	14.6
Operating Cash Flow	597.81	43.35	-3,949	-717.56	336.11
Operating Cash Flow Growth	1279.18%	-	-	-	-77.24%
Capital Expenditures	-410.84	-543.58	-1,639	-2,062	-479.49
Sale of Property, Plant & Equipment	10.87	13.12	41.15	6.95	28.67
Divestitures	-	99.75	1,050	663.97	-
Investment in Securities	-57.78	-136.85	-489.13	-119.23	-287.61
Other Investing Activities	-	3.83	-	-	-
Investing Cash Flow	-457.76	-563.73	-1,037	-1,510	-738.44
Long-Term Debt Issued	3,017	4,709	6,068	7,330	243.48
Long-Term Debt Repaid	-3,511	-3,269	-4,425	-5,263	-643.16
Net Debt Issued (Repaid)	-493.65	1,440	1,643	2,068	-399.68
Issuance of Common Stock	-	-	-	-	2,814
Common Dividends Paid	-124.08	-131.78	-126.57	-205.57	-30.17
Other Financing Activities	2.79	7.37	-0.4	6.21	-13.75
Financing Cash Flow	-614.94	1,315	1,516	1,868	2,371
Foreign Exchange Rate Adjustments	1.53	-1.08	2.52	0.11	0.21
Net Cash Flow	-473.37	793.98	-3,467	-359.3	1,969
Free Cash Flow	186.96	-500.24	-5,588	-2,779	-143.38
Free Cash Flow Margin	1.37%	-4.79%	-55.25%	-23.02%	-0.61%
Free Cash Flow Per Share	0.14	-0.38	-4.19	-2.08	-0.13
Cash Income Tax Paid	80.34	132.34	351.73	391.58	877.2
Levered Free Cash Flow	1,778	1,139	-5,214	-2,487	834.23
Unlevered Free Cash Flow	1,859	1,234	-5,132	-2,433	864.51
Change in Working Capital	864.05	171.04	-2,964	-896.77	-736.06

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