SHA:600345 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	219.17	170.68	221.09	198.33	91.45
Depreciation & Amortization	25.97	13.35	15.57	16.52	6.56
Other Amortization	-	0.14	-	-	-
Loss (Gain) From Sale of Assets	0.11	0.34	-0	-	-
Asset Writedown & Restructuring Costs	-2.26	0.01	-0	-0.84	-
Loss (Gain) From Sale of Investments	-221.68	-126.61	-244.2	-213.92	-134.91
Provision & Write-off of Bad Debts	-	17.53	37.3	20.22	-0.71
Other Operating Activities	47.04	2.99	-14.41	13.48	1.08
Change in Accounts Receivable	-291.85	-96.36	-102.29	-197.02	-16.07
Change in Inventory	63.62	-8.54	-76.09	-28.55	-7.66
Change in Accounts Payable	207.9	7.24	149.31	111.13	35.77
Operating Cash Flow	42.48	-20.4	-15.49	-83.29	-24.49
Capital Expenditures	-42.81	-56.5	-67.6	-82.34	-7.21
Sale of Property, Plant & Equipment	0.01	5.97	0.03	0	-
Divestitures	-	-	0	-	-
Investment in Securities	104.49	-	-49.54	-61.56	20.55
Other Investing Activities	15.8	-503.1	52.89	44.42	30.01
Investing Cash Flow	77.48	-553.63	-64.21	-99.48	43.36
Long-Term Debt Issued	8	40	88.9	34.9	28
Total Debt Issued	8	40	88.9	34.9	28
Long-Term Debt Repaid	-21.42	-30.21	-45.73	-37.36	-56.24
Total Debt Repaid	-21.42	-30.21	-45.73	-37.36	-56.24
Net Debt Issued (Repaid)	-13.42	9.79	43.17	-2.46	-28.24
Issuance of Common Stock	-	-	650	-	-
Common Dividends Paid	-21.05	-29.83	-45.25	-25.54	-11.51
Other Financing Activities	-4.98	-0.31	-6.81	-	-
Financing Cash Flow	-39.45	-20.35	641.11	-28	-39.75
Foreign Exchange Rate Adjustments	-	-	0	0	-0
Net Cash Flow	80.51	-594.38	561.41	-210.77	-20.88
Free Cash Flow	-0.34	-76.9	-83.1	-165.63	-31.7
Free Cash Flow Margin	-0.03%	-8.33%	-11.95%	-26.20%	-28.85%
Free Cash Flow Per Share	-0.00	-0.23	-0.42	-0.83	-0.16
Cash Income Tax Paid	41.2	14.2	19.81	13.81	5.05
Levered Free Cash Flow	-51.03	-47.76	-67.24	-73.17	-8.39
Unlevered Free Cash Flow	-51.03	-46.74	-66.33	-72.02	-7.6
Change in Working Capital	-25.87	-98.83	-30.84	-117.07	12.04

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