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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	-268.7	-253.85	-199.44	-330.79	-172.4	101.3
Depreciation & Amortization	17.24	17.24	17.57	10.94	11.51	10.38
Other Amortization	-	-	-	-	-	0.27
Loss (Gain) From Sale of Assets	-19.8	-19.8	-	-5.43	0.52	-0.23
Asset Writedown & Restructuring Costs	11.54	11.54	15.98	-	0.07	-
Provision & Write-off of Bad Debts	97.1	97.1	59.32	29.94	6.28	20.01
Other Operating Activities	107.65	154.35	106.47	295.1	101.86	110.75
Change in Accounts Receivable	-144.73	-144.73	18.46	-66.17	-65.11	62.64
Change in Inventory	108.98	108.98	-34.24	5.57	73.41	196.03
Change in Accounts Payable	30.34	30.34	7.31	-505.89	85.29	-244.67
Operating Cash Flow	-68.56	-7	0.07	-545.31	68.41	228.69
Operating Cash Flow Growth	-	-	-	-	-70.09%	-52.36%
Capital Expenditures	-0.16	-0.15	-0.31	-0.09	-0.85	-0.48
Sale of Property, Plant & Equipment	8.04	13.3	0.01	14.4	0.49	0.92
Investing Cash Flow	7.89	13.15	-0.3	14.31	-0.36	0.44
Short-Term Debt Repaid	-	-50	-	-	-	-
Long-Term Debt Repaid	-	-	-0.1	-	-	-
Total Debt Repaid	-50	-50	-0.1	-	-	-
Net Debt Issued (Repaid)	-50	-50	-0.1	-	-	-
Common Dividends Paid	-	-	-3.01	-1.75	-76.59	-49.67
Other Financing Activities	49.63	-0.77	-	50	-	-31.58
Financing Cash Flow	-0.37	-50.77	-3.11	48.25	-76.59	-81.25
Net Cash Flow	-61.04	-44.62	-3.34	-482.74	-8.54	147.88
Free Cash Flow	-68.71	-7.16	-0.24	-545.4	67.56	228.21
Free Cash Flow Growth	-	-	-	-	-70.40%	-52.29%
Free Cash Flow Margin	-12.35%	-1.08%	-0.03%	-76.89%	7.79%	13.41%
Free Cash Flow Per Share	-0.09	-0.01	-	-0.66	0.08	0.27
Cash Interest Paid	0.77	0.77	-	-	-	-
Cash Income Tax Paid	33.29	40.8	34.6	273.99	136.62	136.43
Levered Free Cash Flow	75.35	75.96	-21.14	-138.61	187.8	214.39
Unlevered Free Cash Flow	75.59	76.2	-19.53	-134.44	187.8	214.39
Change in Working Capital	-13.59	-13.59	0.17	-545.07	120.56	-13.8