SHA:600052 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-394.07	-366.92	113.27	-212.64	-40	-46.83
Depreciation & Amortization	105.35	105.35	106.08	52.47	14.74	0.47
Other Amortization	5.8	5.8	0.29	0.55	0.62	1.5
Loss (Gain) From Sale of Assets	0.24	0.24	0.08	-89.87	0.51	0.06
Asset Writedown & Restructuring Costs	14.91	14.91	3.19	0	19.22	-
Loss (Gain) From Sale of Investments	163.07	163.07	-28.89	147.38	50.01	97.09
Provision & Write-off of Bad Debts	5.14	5.14	2.96	-2.67	18.7	-11.15
Other Operating Activities	139.45	8.29	6.65	39.44	27.55	9.98
Change in Accounts Receivable	467.84	467.84	0.77	33.18	32.26	2.55
Change in Inventory	-140.57	-140.57	-2.63	-7.03	37.88	-11.78
Change in Accounts Payable	-145.43	-145.43	4.98	188.94	-321.72	-43.21
Change in Other Net Operating Assets	-0.8	-0.8	-0.35	-	-	-
Operating Cash Flow	210.39	106.38	204.82	129.29	-183.5	-21.14
Operating Cash Flow Growth	172.80%	-48.06%	58.41%	-	-	-
Capital Expenditures	-107.77	-157.93	-92.24	-56.93	-135.92	-2.08
Sale of Property, Plant & Equipment	0.99	2.13	6.03	96.74	0.35	0.01
Cash Acquisitions	-	-9.04	-7.99	-401.15	-155.68	-
Divestitures	272.95	-	-	6.78	-	-
Investment in Securities	-300.03	196.47	-71.66	-61.63	-120.04	-1.2
Other Investing Activities	-50.66	-490.62	9.55	10.18	1.45	354.83
Investing Cash Flow	-180.14	-454.61	-153.68	-405.04	-409.84	351.56
Long-Term Debt Issued	-	63.65	86.08	64	1	-
Long-Term Debt Repaid	-	-95.04	-127.29	-78.54	-18.73	-
Net Debt Issued (Repaid)	-2.61	-31.39	-41.21	-14.54	-17.73	-
Repurchase of Common Stock	-	-	-50	-129.97	-	-95.99
Common Dividends Paid	-2.43	-40.83	-3.64	-1.79	-0.34	-81.88
Other Financing Activities	18.81	-0.34	-53.15	247.64	1,593	-47.85
Financing Cash Flow	32.69	-72.57	-148	101.33	1,574	-225.72
Net Cash Flow	62.94	-420.8	-96.86	-174.41	981.11	104.7
Free Cash Flow	102.63	-51.56	112.58	72.37	-319.42	-23.22
Free Cash Flow Growth	-	-	55.57%	-	-	-
Free Cash Flow Margin	15.21%	-11.52%	27.58%	32.93%	-136.82%	-12.45%
Free Cash Flow Per Share	0.13	-0.06	0.14	0.09	-0.40	-0.03
Cash Income Tax Paid	57.44	38.17	45.09	24.86	267.73	39.33
Levered Free Cash Flow	380.48	-116.91	22.99	49.4	-412.48	270.75
Unlevered Free Cash Flow	382.07	-114.83	27.78	54.3	-410.62	270.75
Change in Working Capital	170.52	170.52	1.2	194.63	-274.84	-72.25

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.