SHA:600302 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	-186.17	-170.19	-153.37	-196.08	-113.52	-94.67
Depreciation & Amortization	11.17	11.17	19.96	20.52	22.5	24.86
Other Amortization	0.05	0.05	0.12	0.06	0.06	0.03
Loss (Gain) From Sale of Assets	-1.38	-1.38	-	-	-0.36	-2.48
Asset Writedown & Restructuring Costs	60.57	60.57	9.47	1.77	0.49	0.3
Loss (Gain) From Sale of Investments	-1	-1	-4.76	-5.37	-6.43	-11.06
Provision & Write-off of Bad Debts	-	-	20.26	72.56	58.43	69.32
Other Operating Activities	6.63	15.72	71.59	58.86	8.11	50.52
Change in Accounts Receivable	83.35	83.35	-31.66	-7.5	157.32	34.82
Change in Inventory	30.38	30.38	83.95	-13.8	19.15	83.21
Change in Accounts Payable	-65.82	-65.82	-18.19	31.07	-134.28	-57.67
Change in Other Net Operating Assets	2.97	2.97	2.77	2.36	7.92	-
Operating Cash Flow	-57.35	-32.28	1.57	-29.69	24.32	94.22
Operating Cash Flow Growth	-	-	-	-	-74.19%	-
Capital Expenditures	-0.23	-0.22	-5.68	-1.94	-1.93	-2.59
Sale of Property, Plant & Equipment	0.78	2.83	4.93	0.99	4.32	6.01
Investment in Securities	80	40	-90	60	30	-57.39
Other Investing Activities	-1.21	-0.95	4.58	9.19	3.16	9.76
Investing Cash Flow	79.34	41.66	-86.17	68.23	35.56	-44.21
Long-Term Debt Issued	-	37.63	52.2	8.8	67.8	370
Long-Term Debt Repaid	-	-30.71	-33.8	-49.22	-390.9	-268.03
Net Debt Issued (Repaid)	-2.69	6.92	18.4	-40.42	-323.1	101.97
Issuance of Common Stock	-	-	-	-	9.5	-
Common Dividends Paid	-1.34	-1.36	-8.47	-1.03	-7.41	-30.49
Other Financing Activities	-0.11	-0.34	-	-	-0.38	-2.39
Financing Cash Flow	-4.14	5.22	9.93	-41.46	-321.39	69.09
Foreign Exchange Rate Adjustments	0.08	0.77	1.55	1.28	2.04	-0.83
Net Cash Flow	17.92	15.36	-73.12	-1.63	-259.46	118.27
Free Cash Flow	-57.58	-32.5	-4.11	-31.63	22.39	91.63
Free Cash Flow Growth	-	-	-	-	-75.56%	-
Free Cash Flow Margin	-17.71%	-9.64%	-0.92%	-6.24%	2.13%	5.44%
Free Cash Flow Per Share	-0.17	-0.09	-0.01	-0.09	0.07	0.26
Cash Income Tax Paid	-	-3.95	6.37	2.87	-4.03	21.92
Levered Free Cash Flow	70.48	94.24	58	73.67	23.55	116.11
Unlevered Free Cash Flow	70.48	94.24	59.09	74.53	28.17	127.46
Change in Working Capital	52.78	52.78	38.31	17.99	55.04	57.39

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