SHA:600303 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	-358.13	-340.82	-469.94	-334.3	-458.72
Depreciation & Amortization	140.86	143.7	142.03	147.87	184.43
Other Amortization	2.65	2.49	1.85	1.23	0.28
Loss (Gain) From Sale of Assets	-3.77	-0.82	-0.03	-0.69	-1.53
Asset Writedown & Restructuring Costs	32.76	1.65	27.16	8.37	123.21
Loss (Gain) From Sale of Investments	-0.52	4.5	0.35	0.27	-32.23
Provision & Write-off of Bad Debts	37.63	5.85	15.09	26.11	-27.89
Other Operating Activities	44.13	43.17	131.52	28.46	38.5
Change in Accounts Receivable	-339.9	50.06	-86.65	-74.17	38.48
Change in Inventory	11.54	18.21	-3.61	165.71	-78.86
Change in Accounts Payable	349.37	64.16	-4.24	-142.27	-276.47
Change in Other Net Operating Assets	5.72	0.48	-	-	2.11
Operating Cash Flow	-74.63	-8.51	-250.17	-170.95	-450.26
Capital Expenditures	-34.99	-10.79	-8.3	-81.1	-161.8
Sale of Property, Plant & Equipment	1.81	2.98	56.05	110.19	29.25
Divestitures	-0	-	-	-	148.1
Investment in Securities	0.86	-0.86	-	-	-
Other Investing Activities	-	36.86	0.01	-	-
Investing Cash Flow	-32.33	28.2	47.76	29.09	15.55
Short-Term Debt Issued	-	5.97	84.91	-	-
Long-Term Debt Issued	460.09	613.41	461.94	234	451.5
Total Debt Issued	460.09	619.38	546.85	234	451.5
Long-Term Debt Repaid	-417.8	-562.09	-308.93	-207.63	-474.49
Net Debt Issued (Repaid)	42.29	57.29	237.92	26.37	-22.99
Issuance of Common Stock	-	9.76	-	-	-
Common Dividends Paid	-38.94	-47.27	-21.4	-29.38	-51.38
Other Financing Activities	14.14	23.3	-2.93	12.67	-2.44
Financing Cash Flow	17.49	43.08	213.59	9.65	-76.8
Foreign Exchange Rate Adjustments	0.11	1.07	0.07	-0.36	-0.07
Net Cash Flow	-89.35	63.83	11.26	-132.57	-511.59
Free Cash Flow	-109.62	-19.3	-258.47	-252.05	-612.07
Free Cash Flow Margin	-7.03%	-1.31%	-18.95%	-15.08%	-24.68%
Free Cash Flow Per Share	-0.16	-0.03	-0.39	-0.37	-0.91
Cash Income Tax Paid	-	43.13	64.44	45.75	44.38
Levered Free Cash Flow	0.04	108.92	-133.45	66.55	-456.68
Unlevered Free Cash Flow	34.49	135.35	-115.58	80.68	-443.53
Change in Working Capital	29.78	131.97	-99.5	-48.26	-276.32

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