SHA:600159 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	-194.67	-199.44	-330.79	-172.4	101.3	105.04
Depreciation & Amortization	17.57	17.57	10.94	11.51	10.38	10.49
Other Amortization	-	-	-	-	0.27	0.27
Loss (Gain) From Sale of Assets	-	-	-5.43	0.52	-0.23	-0.21
Asset Writedown & Restructuring Costs	15.98	15.98	-	0.07	-	3.39
Provision & Write-off of Bad Debts	59.32	59.32	29.94	6.28	20.01	8.63
Other Operating Activities	196.24	106.47	295.1	101.86	110.75	9.79
Change in Accounts Receivable	18.46	18.46	-66.17	-65.11	62.64	-28.29
Change in Inventory	-34.24	-34.24	5.57	73.41	196.03	18.65
Change in Accounts Payable	7.31	7.31	-505.89	85.29	-244.67	375.17
Operating Cash Flow	94.61	0.07	-545.31	68.41	228.69	480.01
Operating Cash Flow Growth	-	-	-	-70.09%	-52.36%	-8.27%
Capital Expenditures	-0.09	-0.31	-0.09	-0.85	-0.48	-1.64
Sale of Property, Plant & Equipment	7.32	0.01	14.4	0.49	0.92	0.88
Investing Cash Flow	7.23	-0.3	14.31	-0.36	0.44	-0.76
Long-Term Debt Repaid	-	-0.1	-	-	-	-30
Total Debt Repaid	-0.1	-0.1	-	-	-	-30
Net Debt Issued (Repaid)	-0.1	-0.1	-	-	-	-30
Common Dividends Paid	-	-	-1.75	-76.59	-49.67	-90.51
Other Financing Activities	-51.22	-3.01	50	-	-31.58	-510.54
Financing Cash Flow	-51.32	-3.11	48.25	-76.59	-81.25	-631.06
Net Cash Flow	50.52	-3.34	-482.74	-8.54	147.88	-151.81
Free Cash Flow	94.52	-0.24	-545.4	67.56	228.21	478.37
Free Cash Flow Growth	-	-	-	-70.40%	-52.29%	-8.43%
Free Cash Flow Margin	13.53%	-0.03%	-76.89%	7.79%	13.41%	48.46%
Free Cash Flow Per Share	0.12	-	-0.66	0.08	0.27	0.59
Cash Interest Paid	3.01	3.01	-	-	-	-
Cash Income Tax Paid	36.08	34.6	273.99	136.62	136.43	142.6
Levered Free Cash Flow	117.45	-21.06	-138.61	187.8	214.39	-82.99
Unlevered Free Cash Flow	117.93	-19.44	-134.44	187.8	214.39	-76.88
Change in Working Capital	0.17	0.17	-545.07	120.56	-13.8	342.6

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