Poly Developments and Holdings Group Co., Ltd. (SHA:600048)

SHA:600048 Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-317.42	1,035	5,001	12,067	18,320	27,388
Depreciation & Amortization	2,780	2,923	2,166	2,244	2,131	1,990
Other Amortization	131.49	127	130.55	130.67	167.49	115
Loss (Gain) From Sale of Assets	-142.36	-154.25	-81.68	-231.97	-112.93	-15.8
Asset Writedown & Restructuring Costs	1.43	1.41	-1.42	2.01	1.12	1.41
Loss (Gain) From Sale of Investments	2,004	987.56	-1,775	-1,553	-3,786	-6,457
Provision & Write-off of Bad Debts	112.58	182.03	139.04	-1.04	42.17	49.59
Other Operating Activities	11,569	14,469	16,147	16,752	15,906	15,388
Change in Accounts Receivable	18,342	17,310	16,170	-17,340	28,583	-23,814
Change in Inventory	108,108	108,737	69,968	29,998	-67,738	-63,712
Change in Accounts Payable	-116,061	-127,923	-99,837	-25,734	17,403	61,591
Operating Cash Flow	23,724	15,189	6,257	13,930	7,422	10,551
Operating Cash Flow Growth	-39.82%	142.74%	-55.08%	87.68%	-29.65%	-30.38%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-577.84	-487.46	-179.47	-179.32	-186.19	-271.63
Sale of Property, Plant & Equipment	8.61	5.58	7.8	18.78	80.51	136.23
Cash Acquisitions	-2,784	-2,773	-549.4	2,621	1,149	-77.87
Divestitures	-16.46	-198.59	940.86	684.68	988.85	-1,997
Investment in Securities	544.29	-150.4	-2,018	3,287	-4,363	-17,997
Other Investing Activities	1,726	1,607	467.53	833.78	2,968	220.29
Investing Cash Flow	-1,099	-1,997	-1,331	7,266	637.32	-19,987

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	132,233	167,858	132,103	168,142	178,148
Long-Term Debt Repaid	-	-138,974	-172,213	-163,175	-130,946	-124,885
Net Debt Issued (Repaid)	-11,128	-6,741	-4,355	-31,072	37,197	53,263
Issuance of Common Stock	-	-	-	2.83	4.28	36.55
Repurchase of Common Stock	-4,501	-5,101	-	-3,900	-9,679	-1,500
Common Dividends Paid	-13,122	-13,301	-19,032	-20,804	-25,184	-28,107
Other Financing Activities	-189.68	-839.75	4,397	5,811	-5,353	10,765
Financing Cash Flow	-28,940	-25,983	-18,990	-49,962	-3,015	34,458

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-2.56	-9.08	-54.68	-60.41	137.66	-52.57
Net Cash Flow	-6,318	-12,800	-14,118	-28,826	5,182	24,970

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	23,146	14,702	6,078	13,751	7,236	10,280
Free Cash Flow Growth	-40.96%	141.89%	-55.80%	90.03%	-29.61%	-30.35%
Free Cash Flow Margin	7.87%	4.77%	1.95%	3.96%	2.57%	3.61%
Free Cash Flow Per Share	2.04	1.28	0.51	1.15	0.60	0.86
Levered Free Cash Flow	43,224	32,204	-4,246	-2,675	-20,658	8,271
Unlevered Free Cash Flow	46,051	35,102	-644.14	1,433	-17,216	11,760

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	21,740	26,261	27,126	37,867	34,203	52,836
Change in Working Capital	7,585	-4,381	-15,469	-15,486	-25,255	-27,896

Data Source: S&P Global Market Intelligence Last updated: Aug 26, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 7, 2026

Data Sources Report a data error