SHA:600463 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

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	-126.57	-129.29	-96.23	-99.98	-31.91	-25.19
Depreciation & Amortization	39.84	39.84	35.31	43.15	54.96	63.16
Other Amortization	17.15	17.15	11.04	9.99	11.11	11.64
Loss (Gain) From Sale of Assets	-	-	-	-0.1	-0.12	0.03
Asset Writedown & Restructuring Costs	14.44	14.44	0.01	0.93	0.17	-
Loss (Gain) From Sale of Investments	-8.29	-8.29	5.31	7.45	27.05	-32.37
Provision & Write-off of Bad Debts	-	-	43.56	26.58	5.2	73.02
Other Operating Activities	106.27	82.87	8.38	14.17	10.9	19.04
Change in Accounts Receivable	-289.14	-289.14	-168.35	-214.77	-69.59	-11.75
Change in Inventory	-6.33	-6.33	-5.78	11.46	-30.58	22.23
Change in Accounts Payable	236.31	236.31	175.49	107.87	-132.42	-292.8
Operating Cash Flow	-9.35	-35.46	3.67	-95.11	-139.7	-170.17
Capital Expenditures	-4	-4.32	-1.84	-4.15	-5.71	-31.74
Sale of Property, Plant & Equipment	-	-	-	0.01	0.02	0.08
Cash Acquisitions	-	-74.42	-	-	-	-
Divestitures	-	-	-	-	-	3
Investment in Securities	1.81	-	-	-	10.65	21.94
Other Investing Activities	9.01	-	-	-	-	-
Investing Cash Flow	6.82	-78.74	-1.84	-4.14	4.96	-6.72
Short-Term Debt Issued	-	-	41.35	170.2	154.68	113.25
Long-Term Debt Issued	-	602.92	440	746	756.55	840.19
Total Debt Issued	461.21	602.92	481.35	916.2	911.23	953.44
Short-Term Debt Repaid	-	-	-	-	-2	-
Long-Term Debt Repaid	-	-533.98	-518.25	-813.83	-802.74	-854.5
Total Debt Repaid	-568.87	-533.98	-518.25	-813.83	-804.74	-854.5
Net Debt Issued (Repaid)	-107.65	68.94	-36.9	102.36	106.49	98.94
Common Dividends Paid	-23.74	-26.35	-33.15	-40.1	-42.56	-46.02
Other Financing Activities	42.15	65.56	-	-	-	-
Financing Cash Flow	-89.24	108.15	-70.05	62.27	63.93	52.92
Net Cash Flow	-91.77	-6.05	-68.22	-36.99	-70.8	-123.98
Free Cash Flow	-13.35	-39.78	1.83	-99.27	-145.41	-201.91
Free Cash Flow Margin	-2.03%	-7.23%	0.38%	-19.22%	-22.27%	-19.93%
Free Cash Flow Per Share	-0.04	-0.13	0.01	-0.33	-0.48	-0.67
Cash Income Tax Paid	35.02	36.38	30.54	34.83	47.42	35.82
Levered Free Cash Flow	226.59	489.08	38.34	64.88	-154.18	-78.07
Unlevered Free Cash Flow	226.59	489.08	62.33	90.18	-127.98	-55.07
Change in Working Capital	-52.18	-52.18	-3.72	-97.3	-217.05	-279.5

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