SHA:600289 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	-262.3	-96.71	-1,051	-350.04	-200.69	-329.73
Depreciation & Amortization	21.76	21.76	25.82	29.36	27.13	41.83
Other Amortization	2.16	2.16	0.02	-	0.23	0.36
Loss (Gain) From Sale of Assets	0.06	0.06	-6.02	-0.13	-0.41	-
Asset Writedown & Restructuring Costs	1.61	1.61	0.44	6.28	0.06	66.93
Loss (Gain) From Sale of Investments	-31.64	-31.64	26.94	16.49	20	-
Provision & Write-off of Bad Debts	16.73	16.73	6.25	-29.61	24.52	66.65
Other Operating Activities	391.4	37.45	827.71	53.92	12.24	49.98
Change in Accounts Receivable	-121.4	-121.4	83.48	407.16	202.85	628.12
Change in Inventory	3.17	3.17	5.21	17.98	6.67	130.61
Change in Accounts Payable	-70.83	-70.83	-158.14	-166.68	-214	-59.5
Change in Other Net Operating Assets	367.1	367.1	21.82	-	-	-
Operating Cash Flow	321.82	133.47	-214.57	-15.44	-121.39	597.04
Operating Cash Flow Growth	693.49%	-	-	-	-	-
Capital Expenditures	-32.02	-0.68	-5.28	-7.48	-3.21	-8.69
Sale of Property, Plant & Equipment	0.03	0.07	0.79	0.26	0.55	0.08
Investment in Securities	-	-	-1.5	-	-	0.44
Other Investing Activities	-	-	-	-	0.01	-
Investing Cash Flow	-32	-0.61	-5.99	-7.22	-2.66	-8.17
Long-Term Debt Repaid	-	-7.15	-10.62	-9.71	-4.86	-
Total Debt Repaid	-7.15	-7.15	-10.62	-9.71	-4.86	-
Net Debt Issued (Repaid)	-7.15	-7.15	-10.62	-9.71	-4.86	-
Repurchase of Common Stock	-	-	-	-60	-	-
Other Financing Activities	0.64	-	-	-	-	-
Financing Cash Flow	-6.52	-7.15	-10.62	-69.71	-4.86	-
Foreign Exchange Rate Adjustments	0	-	0	0.06	-0.01	-0
Net Cash Flow	283.31	125.7	-231.17	-92.3	-128.92	588.86
Free Cash Flow	289.8	132.79	-219.85	-22.92	-124.6	588.34
Free Cash Flow Growth	629.60%	-	-	-	-	-
Free Cash Flow Margin	90.47%	41.46%	-112.60%	-8.77%	-31.72%	104.41%
Free Cash Flow Per Share	0.46	0.21	-0.35	-0.04	-0.20	0.89
Cash Income Tax Paid	10.9	8.77	9.53	18.03	26.39	19.18
Levered Free Cash Flow	-189.83	-176.82	-229.45	-89.53	-241.74	420.96
Unlevered Free Cash Flow	-177.02	-176.48	-228.7	-88.59	-241.24	422.25
Change in Working Capital	182.05	182.05	-44.51	258.31	-4.48	701.01

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