SHA:601198 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	2020 - 2016
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	2020 - 2016
Net Income	2,102	1,544	819.74	517.2	1,652	Upgrade
Depreciation & Amortization, Total	191.22	270.5	299.67	281.5	239.9	Upgrade
Gain (Loss) On Sale of Investments	-984.3	-427.49	-384.74	1,661	-850.22	Upgrade
Change in Accounts Receivable	297.81	-14,315	1,416	2,343	-5,569	Upgrade
Change in Accounts Payable	-597.18	2,771	-3,114	7,554	11,531	Upgrade
Other Operating Activities	-188.8	-155.85	-290.31	-681.66	87.59	Upgrade
Operating Cash Flow	944.17	-10,156	-1,165	11,375	7,305	Upgrade
Capital Expenditures	-78.06	-146.1	-97.48	-110.8	-123.03	Upgrade
Cash Acquisitions	-	-	-1	-	-83	Upgrade
Investment in Securities	-7,019	14,617	-2,757	-11,295	24.76	Upgrade
Other Investing Activities	1,671	1,484	1,693	1,351	1,328	Upgrade
Investing Cash Flow	-5,426	15,956	-1,157	-10,055	1,150	Upgrade
Long-Term Debt Issued	27,742	17,814	12,428	17,637	25,422	Upgrade
Total Debt Issued	27,742	17,814	12,428	17,637	25,422	Upgrade
Long-Term Debt Repaid	-23,361	-16,427	-13,549	-21,555	-30,456	Upgrade
Total Debt Repaid	-23,361	-16,427	-13,549	-21,555	-30,456	Upgrade
Net Debt Issued (Repaid)	4,381	1,387	-1,121	-3,917	-5,035	Upgrade
Issuance of Common Stock	3,000	-	-	-	4,474	Upgrade
Common Dividends Paid	-1,150	-1,133	-870.26	-1,813	-1,694	Upgrade
Financing Cash Flow	6,231	254.2	-1,991	-5,730	-2,254	Upgrade
Foreign Exchange Rate Adjustments	-4.35	10.19	29.62	101.02	-44.76	Upgrade
Net Cash Flow	1,745	6,064	-4,285	-4,309	6,157	Upgrade
Free Cash Flow	866.11	-10,302	-1,263	11,264	7,182	Upgrade
Free Cash Flow Growth	-	-	-	56.84%	36.57%	Upgrade
Free Cash Flow Margin	18.76%	-239.96%	-26.80%	330.52%	133.73%	Upgrade
Free Cash Flow Per Share	0.27	-3.19	-0.39	3.48	2.53	Upgrade
Cash Interest Paid	1,103	1,146	1,034	891.79	602.68	Upgrade
Cash Income Tax Paid	566.31	347.92	520.49	789.53	637.83	Upgrade

Source: S&P Capital IQ. Capital Markets template. Financial Sources.