Shanghai Belling Co., Ltd. (SHA:600171)

Shanghai Belling 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	216.24	236.23	395.53	-60.22	399.03	729.3
Depreciation & Amortization	41.05	38.65	46.18	43.92	28.34	22.72
Other Amortization	12.45	11.66	2.71	1.42	1.29	0.76
Loss (Gain) From Sale of Assets	-5.2	-2.02	-0.34	-0.03	-0.01	0
Asset Writedown & Restructuring Costs	28.85	23.48	10.22	1.11	-1.6	-4.29
Loss (Gain) From Sale of Investments	-62.48	-67.38	-125.91	270.84	-62.06	-348.33
Provision & Write-off of Bad Debts	3.04	3.04	0.67	0.53	0.01	-0.03
Other Operating Activities	35.88	25.61	0.4	-12.1	-34.31	-23.93
Change in Accounts Receivable	30.16	81.73	-296.33	-121.49	-214.71	28.13
Change in Inventory	-238.16	-187.24	-120.38	-75.57	-261.58	-108.03
Change in Accounts Payable	111.57	81.86	198.77	113.01	-90.38	85.19
Change in Other Net Operating Assets	-	-	5.35	8.25	32.46	15.48
Operating Cash Flow	186.29	251.67	93.57	115.94	-203.91	385.34
Operating Cash Flow Growth	29.28%	168.98%	-19.30%	-	-	410.74%

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	-40.09	-43.84	-27.22	-27.29	-35.88	-10.01
Sale of Property, Plant & Equipment	0.03	0.18	0.08	0.93	0.12	0.01
Cash Acquisitions	-	-	-	-	-128.63	-
Investment in Securities	-314	-352.73	-136.27	29	279.5	-32.52
Other Investing Activities	438.66	498.11	220.21	63.09	175.8	17.76
Investing Cash Flow	84.6	101.72	56.79	65.73	290.91	-24.76

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
Short-Term Debt Issued	-	-	-	5	-	2.5
Total Debt Issued	-	-	-	5	-	2.5
Short-Term Debt Repaid	-	-	-	-5	-	-5
Total Debt Repaid	-	-	-	-5	-	-5
Net Debt Issued (Repaid)	-	-	-	-	-	-2.5
Issuance of Common Stock	-	-	-	-	-	67.31
Repurchase of Common Stock	-	-	-20.17	-2.54	-4.08	-1.59
Common Dividends Paid	-85.07	-120.52	-70.89	-142.46	-142.44	-92.75
Other Financing Activities	-14.59	-13.25	-14.58	-14.85	-108.31	-29.63
Financing Cash Flow	-99.66	-133.77	-105.64	-159.85	-254.82	-59.16

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	-14.51	-5.46	1.25	0.23	6.07	-2.95
Net Cash Flow	156.73	214.17	45.97	22.05	-161.75	298.48

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	146.2	207.83	66.34	88.65	-239.79	375.33
Free Cash Flow Growth	32.10%	213.28%	-25.16%	-	-	561.90%
Free Cash Flow Margin	4.26%	6.55%	2.35%	4.15%	-11.73%	18.54%
Free Cash Flow Per Share	0.20	0.29	0.09	0.13	-0.34	0.53
Levered Free Cash Flow	105.37	52.11	-164.74	-27.99	-146.45	287.29
Unlevered Free Cash Flow	106.55	53.29	-163.39	-26.51	-145.54	288.32

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	63.06	55.74	40.61	42.79	99.73	92.24
Change in Working Capital	-83.53	-17.59	-235.9	-129.53	-534.62	9.14

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 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 11, 2026

Data Sources Report a data error