Shandong Hi-speed Company Limited (SHA:600350)
China · Delayed Price · Currency is CNY 11.35
+0.46 (4.22%)
Jul 31, 2026, 3:00 PM CST
Shandong Hi-speed Company Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
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 | 3,234 | 3,206 | 3,196 | 3,297 | 3,040 | 3,052 |
Depreciation & Amortization | 3,730 | 3,730 | 3,657 | 3,801 | 3,337 | 3,066 |
Other Amortization | 52.94 | 52.94 | 33.14 | 73.6 | 41.52 | 7.19 |
Loss (Gain) From Sale of Assets | -17.92 | -17.92 | -3.75 | -4.33 | -1.2 | -12.04 |
Asset Writedown & Restructuring Costs | 210.14 | 210.14 | 187.56 | 144.49 | 82.25 | 29.03 |
Loss (Gain) From Sale of Investments | -1,168 | -1,168 | -1,539 | -1,402 | -1,802 | -975.1 |
Provision & Write-off of Bad Debts | 136.79 | 136.79 | 196.04 | 318.97 | 37.03 | -50.62 |
Other Operating Activities | 2,059 | 2,965 | 3,144 | 3,396 | 3,457 | 2,854 |
Change in Accounts Receivable | -2,388 | -2,388 | -214.3 | -2,847 | -4,947 | 1,332 |
Change in Inventory | 43.4 | 43.4 | 42.17 | 134.87 | 1,200 | -12.38 |
Change in Accounts Payable | 242.72 | 242.72 | -1,973 | -902.61 | 607.37 | 407.6 |
Change in Other Net Operating Assets | - | - | - | - | - | 0.04 |
Operating Cash Flow | 6,120 | 6,998 | 6,841 | 6,010 | 5,223 | 9,794 |
Operating Cash Flow Growth | -24.66% | 2.30% | 13.82% | 15.08% | -46.68% | 79.81% |
Investing Activities
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 |
Capital Expenditures | -4,700 | -4,767 | -8,617 | -7,145 | -6,457 | -8,423 |
Sale of Property, Plant & Equipment | 272.4 | 259.31 | 112 | 12.87 | 2.6 | 1.12 |
Cash Acquisitions | - | - | - | - | -73 | -2,041 |
Divestitures | 8.6 | 8.6 | -32.56 | 74.22 | 9.15 | -20.09 |
Sale (Purchase) of Real Estate | - | - | - | - | -2.76 | -2.76 |
Investment in Securities | -536.52 | 337.99 | -263.47 | -2,807 | -2,618 | 2,486 |
Other Investing Activities | 1,641 | 1,717 | 1,038 | 669.75 | 566.6 | 1,198 |
Investing Cash Flow | -3,315 | -2,443 | -7,763 | -9,195 | -8,572 | -6,802 |
Financing Activities
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 |
Short-Term Debt Issued | - | - | 0.51 | 233.52 | 389.79 | - |
Long-Term Debt Issued | - | 27,042 | 31,618 | 30,577 | 23,828 | 25,651 |
Total Debt Issued | 31,552 | 27,042 | 31,618 | 30,810 | 24,218 | 25,651 |
Short-Term Debt Repaid | - | - | - | -184.55 | -666.21 | -1,350 |
Long-Term Debt Repaid | - | -27,866 | -28,362 | -25,562 | -19,250 | -23,674 |
Total Debt Repaid | -32,068 | -27,866 | -28,362 | -25,747 | -19,916 | -25,024 |
Net Debt Issued (Repaid) | -516.53 | -823.9 | 3,257 | 5,064 | 4,303 | 627.84 |
Issuance of Common Stock | 6,000 | 4,507 | 1,031 | 5,505 | 5,225 | 6,200 |
Repurchase of Common Stock | -3,700 | -3,700 | -199.97 | -1,200 | -1,200 | -1,200 |
Common Dividends Paid | -4,743 | -4,748 | -4,856 | -4,948 | -4,876 | -4,656 |
Other Financing Activities | -121.64 | -162.93 | 31.01 | -2,087 | 321.27 | -1,803 |
Financing Cash Flow | -3,081 | -4,928 | -737.11 | 2,334 | 3,773 | -830.65 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -1.15 | -1.06 | -0.1 | -2.53 | -3.87 | -0.35 |
Net Cash Flow | -276.56 | -374.12 | -1,660 | -853.6 | 419.7 | 2,162 |
Free Cash Flow
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 |
Free Cash Flow | 1,421 | 2,232 | -1,777 | -1,135 | -1,235 | 1,371 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | 5.90% | 9.33% | -6.24% | -4.27% | -5.52% | 8.46% |
Free Cash Flow Per Share | 0.24 | 0.38 | -0.30 | -0.20 | -0.22 | 0.27 |
Levered Free Cash Flow | 95.7 | -580.38 | -464.11 | -660.3 | -2,488 | -1,319 |
Unlevered Free Cash Flow | 1,362 | 707.76 | 884.54 | 815.39 | -1,056 | -55.22 |
Additional Metrics
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 |
Cash Income Tax Paid | 2,445 | 2,142 | 1,967 | 1,852 | 1,819 | 1,845 |
Change in Working Capital | -2,117 | -2,117 | -2,030 | -3,615 | -2,970 | 1,824 |