SHA:600358 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	-37.51	-63.7	-16.96	7.59	25.27
Depreciation & Amortization	5.81	6.17	6.08	5.07	4.52
Other Amortization	3.92	4.7	4.3	1.74	0.51
Loss (Gain) From Sale of Assets	-	-	-0.3	-0.13	-0
Asset Writedown & Restructuring Costs	1.17	8.73	1.66	9.58	18.11
Loss (Gain) From Sale of Investments	-0.09	-0.09	-2.59	-0.16	-2.27
Provision & Write-off of Bad Debts	6.24	0.53	16.56	-1.73	-14.63
Other Operating Activities	-2.77	21.87	11.96	5.57	9.25
Change in Accounts Receivable	-7.57	142.38	-21.48	43.56	-52.63
Change in Inventory	-2.9	-3.34	-3.86	0.53	-0.74
Change in Accounts Payable	-39.34	-103.3	7.46	-2.01	-15.31
Change in Other Net Operating Assets	-	-	-	5.73	-30.04
Operating Cash Flow	-74.99	11.24	-2.85	75.18	-57.97
Capital Expenditures	-0.88	-2.97	-5.87	-11.81	-7.81
Sale of Property, Plant & Equipment	-	-	0.05	0.14	0.01
Cash Acquisitions	-	-	-0.17	-	-
Divestitures	12.24	0.05	-0.18	0.37	26.65
Sale (Purchase) of Real Estate	23.11	-	-	-	-
Investment in Securities	-	-	-	-	-30.1
Other Investing Activities	10.33	0.09	0.08	0.16	0.52
Investing Cash Flow	44.8	-2.83	-6.08	-11.14	-10.73
Short-Term Debt Issued	50	-	-	226	198
Long-Term Debt Issued	330.26	366.3	323.02	8	366.15
Total Debt Issued	380.26	366.3	323.02	234	564.15
Short-Term Debt Repaid	-50	-	-	-238	-30
Long-Term Debt Repaid	-275.42	-365.22	-253.34	-87.28	-412.54
Total Debt Repaid	-325.42	-365.22	-253.34	-325.28	-442.54
Net Debt Issued (Repaid)	54.84	1.08	69.68	-91.28	121.62
Common Dividends Paid	-13.96	-13.63	-14.24	-14.05	-16.47
Other Financing Activities	27	-50.88	-	-	3.71
Financing Cash Flow	67.88	-63.43	55.45	-105.33	108.85
Foreign Exchange Rate Adjustments	-0.17	0.19	-0.46	0	-0
Net Cash Flow	37.52	-54.83	46.05	-41.28	40.16
Free Cash Flow	-75.87	8.27	-8.72	63.37	-65.78
Free Cash Flow Margin	-17.76%	2.27%	-1.50%	11.22%	-7.98%
Free Cash Flow Per Share	-0.15	0.02	-0.02	0.13	-0.13
Cash Income Tax Paid	1.65	14.33	8.5	6.17	6.77
Levered Free Cash Flow	-49.22	19.7	-85.38	-20.06	-177.38
Unlevered Free Cash Flow	-40.23	28.5	-78.25	-11.33	-168.82
Change in Working Capital	-51.78	33.04	-23.57	47.66	-98.71

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.