SHA:600358 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	-67.87	-63.7	-16.96	7.59	25.27	14.49
Depreciation & Amortization	6.14	6.14	6.08	5.07	4.52	2.53
Other Amortization	4.72	4.72	4.3	1.74	0.51	0.51
Loss (Gain) From Sale of Assets	-	-	-0.3	-0.13	-0	0.19
Asset Writedown & Restructuring Costs	8.73	8.73	1.66	9.58	18.11	0.2
Loss (Gain) From Sale of Investments	-0.09	-0.09	-2.59	-0.16	-2.27	3.59
Provision & Write-off of Bad Debts	0.53	0.53	16.56	-1.73	-14.63	4.61
Other Operating Activities	-51.61	21.39	11.96	5.57	9.25	13.69
Change in Accounts Receivable	142.38	142.38	-21.48	43.56	-52.63	-27.23
Change in Inventory	-3.34	-3.34	-3.86	0.53	-0.74	-0.01
Change in Accounts Payable	-103.3	-103.3	7.46	-2.01	-15.31	-30.36
Change in Other Net Operating Assets	-	-	-	5.73	-30.04	-33.9
Operating Cash Flow	-65.92	11.24	-2.85	75.18	-57.97	-51.66
Capital Expenditures	-1.61	-2.97	-5.87	-11.81	-7.81	-0.13
Sale of Property, Plant & Equipment	-	-	0.05	0.14	0.01	0.03
Cash Acquisitions	-	-	-0.17	-	-	-
Divestitures	13.95	0.05	-0.18	0.37	26.65	1.8
Investment in Securities	-	-	-	-	-30.1	-
Other Investing Activities	37.33	0.09	0.08	0.16	0.52	-1.61
Investing Cash Flow	49.67	-2.83	-6.08	-11.14	-10.73	0.09
Short-Term Debt Issued	-	-	-	226	198	30
Long-Term Debt Issued	-	366.3	323.02	8	366.15	358.67
Total Debt Issued	336.26	366.3	323.02	234	564.15	388.67
Short-Term Debt Repaid	-	-	-	-238	-30	-40
Long-Term Debt Repaid	-	-365.22	-253.34	-87.28	-412.54	-227.54
Total Debt Repaid	-307.18	-365.22	-253.34	-325.28	-442.54	-267.54
Net Debt Issued (Repaid)	29.08	1.08	69.68	-91.28	121.62	121.14
Common Dividends Paid	-14.16	-13.63	-14.24	-14.05	-16.47	-2.31
Other Financing Activities	-0.08	-50.88	-	-	3.71	-52.05
Financing Cash Flow	14.83	-63.43	55.45	-105.33	108.85	66.78
Foreign Exchange Rate Adjustments	-0	0.19	-0.46	0	-0	-0
Net Cash Flow	-1.42	-54.83	46.05	-41.28	40.16	15.2
Free Cash Flow	-67.53	8.27	-8.72	63.37	-65.78	-51.8
Free Cash Flow Margin	-16.95%	2.27%	-1.50%	11.22%	-7.98%	-9.92%
Free Cash Flow Per Share	-0.13	0.02	-0.02	0.13	-0.13	-0.10
Cash Income Tax Paid	1.37	14.33	8.5	6.17	6.77	8.2
Levered Free Cash Flow	-27.35	19.66	-85.38	-20.06	-177.38	146.87
Unlevered Free Cash Flow	-17.61	28.46	-78.25	-11.33	-168.82	151.92
Change in Working Capital	33.52	33.52	-23.57	47.66	-98.71	-91.49

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