SHA:600053 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	-325.24	-268.3	15.35	174.14	62.1	86.76
Depreciation & Amortization	6.96	6.96	8.47	8.47	7.84	2.34
Other Amortization	0.81	0.81	1.07	1.08	1.16	7.45
Loss (Gain) From Sale of Assets	-2.32	-2.32	-0.1	-	-0.09	-
Asset Writedown & Restructuring Costs	72.43	72.43	1.07	-1.17	-0.46	-0.2
Loss (Gain) From Sale of Investments	96.82	96.82	62.63	-37.59	-177.39	-27.26
Provision & Write-off of Bad Debts	197.57	197.57	-6.64	6.46	3.33	4.51
Other Operating Activities	12.54	6.12	11.08	8.1	44.23	53.59
Change in Accounts Receivable	-13.32	-13.32	-5.38	-14.74	72.06	24.28
Change in Inventory	110.78	110.78	-147.24	-43.07	-24	0.76
Change in Accounts Payable	-100.45	-100.45	5.96	46	64.49	-467.87
Change in Other Net Operating Assets	-	-	-	0.54	-	-
Operating Cash Flow	-7.02	43.5	-73.79	181.42	33	-326.08
Operating Cash Flow Growth	-	-	-	449.74%	-	-
Capital Expenditures	-0.7	-0.35	-0.93	-0.41	-0.49	-0.03
Sale of Property, Plant & Equipment	0.1	0.1	0.14	-	0.11	-
Divestitures	-	-	-	-0.15	5.51	-0.26
Investment in Securities	-28.39	50.99	33.6	70.51	121.04	48.82
Other Investing Activities	-74.07	10	28.54	93.19	15.87	34.62
Investing Cash Flow	-103.06	60.74	61.35	163.15	142.04	86.15
Long-Term Debt Issued	-	-	79.8	100	340	-
Total Debt Issued	17.7	-	79.8	100	340	-
Long-Term Debt Repaid	-	-83.36	-100	-212.34	-530.46	-109
Total Debt Repaid	-83.36	-83.36	-100	-212.34	-530.46	-109
Net Debt Issued (Repaid)	-65.66	-83.36	-20.2	-112.34	-190.46	-109
Common Dividends Paid	-3.62	-6.22	-81.37	-5.03	-27.94	-33.76
Other Financing Activities	-4	-4.01	0.01	-1	-1.17	-20.64
Financing Cash Flow	-73.28	-93.59	-101.56	-118.37	-219.57	-163.4
Foreign Exchange Rate Adjustments	0.72	0.26	1.92	5.3	-0.92	-3.17
Net Cash Flow	-182.64	10.91	-112.08	231.49	-45.44	-406.5
Free Cash Flow	-7.73	43.15	-74.72	181.01	32.51	-326.12
Free Cash Flow Growth	-	-	-	456.69%	-	-
Free Cash Flow Margin	-2.77%	12.78%	-26.63%	41.89%	15.79%	-96.96%
Free Cash Flow Per Share	-0.02	0.10	-0.17	0.42	0.07	-0.75
Cash Income Tax Paid	25.01	31.17	52.05	35.86	25.38	491.52
Levered Free Cash Flow	20.59	220.84	-126.33	21.46	200.2	-369.94
Unlevered Free Cash Flow	24.89	224.96	-118.13	25.55	217.88	-348.95
Change in Working Capital	-66.6	-66.6	-166.7	21.93	92.27	-453.27

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