SHA:600381 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	-111.15	-198.77	-267.87	-287.55	-248.61	-319.54
Depreciation & Amortization	29.4	29.4	27.54	41.51	42.01	41.51
Other Amortization	4.16	4.16	2.26	1.11	1.23	7.31
Loss (Gain) From Sale of Assets	0.11	0.11	-0	-0.02	0.02	2.15
Asset Writedown & Restructuring Costs	7.9	7.9	0.03	40.68	-	25.43
Loss (Gain) From Sale of Investments	36.85	36.85	139.81	46.96	51.13	139.88
Provision & Write-off of Bad Debts	10.83	10.83	9.72	26.7	58.58	18.65
Other Operating Activities	-170.31	5.68	4.42	52.45	38.12	24.24
Change in Accounts Receivable	30.97	30.97	21.85	50.46	-13.68	71.76
Change in Inventory	118.01	118.01	34.74	8.82	2.21	-17.66
Change in Accounts Payable	43.63	43.63	52.54	-4.38	9.83	-74.11
Change in Other Net Operating Assets	-0.52	-0.52	-0.61	-0.73	-0.73	-0.73
Operating Cash Flow	-7.4	80.97	23.92	-31.82	-63.93	-77.95
Operating Cash Flow Growth	-	238.56%	-	-	-	-
Capital Expenditures	-6.48	-4.93	-13.53	-0.82	-121.79	-197.64
Sale of Property, Plant & Equipment	0.16	0.16	0.01	0	-	2
Investment in Securities	5	-	1.5	35.5	150.45	136.88
Other Investing Activities	0.09	0.19	0.15	1.48	20	40.62
Investing Cash Flow	-1.22	-4.58	-11.87	36.16	48.66	-18.14
Long-Term Debt Repaid	-	-7.88	-9.13	-0.9	-0.48	-
Total Debt Repaid	-7.88	-7.88	-9.13	-0.9	-0.48	-
Net Debt Issued (Repaid)	-7.88	-7.88	-9.13	-0.9	-0.48	-
Repurchase of Common Stock	-33.75	-33.75	-	-	-	-
Common Dividends Paid	-0.22	-	-	-	-	-
Other Financing Activities	31.36	-	0.6	-	-	-
Financing Cash Flow	-10.49	-41.62	-8.53	-0.9	-0.48	-
Foreign Exchange Rate Adjustments	0.19	0.19	0.06	0.31	-0.17	0.07
Net Cash Flow	-18.92	34.96	3.57	3.75	-15.93	-96.02
Free Cash Flow	-13.88	76.04	10.39	-32.64	-185.73	-275.59
Free Cash Flow Growth	-	632.22%	-	-	-	-
Free Cash Flow Margin	-4.87%	28.14%	4.86%	-20.38%	-145.37%	-221.77%
Free Cash Flow Per Share	-0.02	0.13	0.02	-0.06	-0.31	-0.47
Cash Income Tax Paid	21.03	19.16	13.47	-3.07	1.98	7.19
Levered Free Cash Flow	21.14	139.89	62.45	57.37	-83.72	-241.13
Unlevered Free Cash Flow	21.41	140.41	63.02	57.43	-83.68	-241.13
Change in Working Capital	184.81	184.81	108.02	46.34	-6.41	-17.57

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