SHA:600272 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	12.94	35	39.3	39.93	21.72
Depreciation & Amortization	30.83	30.37	30.26	30.53	28.27
Other Amortization	3.35	3.17	2.47	2.44	2.11
Loss (Gain) From Sale of Assets	-0.02	-33.2	-22.56	-14.68	-0.21
Asset Writedown & Restructuring Costs	0.03	2.42	0.03	1.08	-0.03
Loss (Gain) From Sale of Investments	-0.74	-3.28	-2.67	-2.48	-1.37
Provision & Write-off of Bad Debts	-6.18	6.3	7.21	24	-
Other Operating Activities	14.44	9.74	-1.68	-21.04	-3.64
Change in Accounts Receivable	-21.69	-212.28	-198.5	-40.12	-0.91
Change in Inventory	8.45	-3.75	14.4	1.85	6.37
Change in Accounts Payable	106.59	103.8	131.78	57.82	-19.68
Operating Cash Flow	147.83	-61.57	0.58	79.34	26.71
Operating Cash Flow Growth	-	-	-99.27%	197.00%	-67.28%
Capital Expenditures	-6.37	-17.56	-7.27	-3.89	-240.32
Sale of Property, Plant & Equipment	0.1	53.81	3.01	15.36	0.92
Investment in Securities	-60	-10.52	-80	10.8	117.07
Other Investing Activities	1.98	2.89	1.91	1.98	7.16
Investing Cash Flow	-64.28	28.63	-82.36	24.24	-115.17
Short-Term Debt Issued	10	10	10	45	-
Total Debt Issued	10	10	10	45	-
Short-Term Debt Repaid	-10	-10	-45	-	-
Long-Term Debt Repaid	-11.42	-13.04	-12.88	-12.32	-13.35
Total Debt Repaid	-21.42	-23.04	-57.88	-12.32	-13.35
Net Debt Issued (Repaid)	-11.42	-13.04	-47.88	32.68	-13.35
Issuance of Common Stock	156.98	-	-	-	-
Common Dividends Paid	-10.97	-12.22	-12.94	-7.15	-4.14
Other Financing Activities	-0.57	5.14	-0	-1.67	12
Financing Cash Flow	134.02	-20.12	-60.83	23.87	-5.49
Foreign Exchange Rate Adjustments	-0.01	-0.09	-0.17	-0.02	-0.01
Net Cash Flow	217.56	-53.15	-142.78	127.43	-93.95
Free Cash Flow	141.47	-79.13	-6.7	75.45	-213.6
Free Cash Flow Margin	12.49%	-7.23%	-0.72%	8.44%	-31.89%
Free Cash Flow Per Share	0.55	-0.32	-0.03	0.30	-0.89
Cash Income Tax Paid	40.47	43.02	35.82	42.95	30.39
Levered Free Cash Flow	142.33	-55.55	-31.77	61.24	-209.54
Unlevered Free Cash Flow	142.81	-54.87	-30.97	62.18	-208.48
Change in Working Capital	93.19	-112.07	-51.79	19.57	-14.36

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.