SHA:600506 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	53.95	31.39	-48.98	-84.22	-35.93	4.45
Depreciation & Amortization	37.04	37.04	47.43	60.3	13.25	7.3
Other Amortization	3.58	3.58	-	-	-	-
Loss (Gain) From Sale of Assets	-6.47	-6.47	13.96	0.66	0	-14.29
Asset Writedown & Restructuring Costs	-	-	22.57	50.84	1.59	-
Loss (Gain) From Sale of Investments	-0.14	-0.14	-	-1.07	-0.18	-
Provision & Write-off of Bad Debts	-5.27	-5.27	0.33	23.26	2.77	1.16
Other Operating Activities	45.1	65.19	53.55	-15.2	12.65	-1.26
Change in Accounts Receivable	-135.48	-135.48	-84.52	83.52	6.33	-7.23
Change in Inventory	32.5	32.5	126.54	32.33	57.8	-3.57
Change in Accounts Payable	397.47	397.47	247.27	-40.54	-64.92	2.54
Operating Cash Flow	430.4	427.92	357.98	72.63	-7.97	-5.55
Operating Cash Flow Growth	6.02%	19.54%	392.91%	-	-	-
Capital Expenditures	-62.01	-16.58	-15.08	-8.3	-4.64	-33.57
Sale of Property, Plant & Equipment	43.83	44.03	1.8	0.13	-	24.4
Investment in Securities	30.12	-	17.01	-90	2	14.89
Other Investing Activities	-1.77	0.14	-1.14	1.07	-965.46	1.35
Investing Cash Flow	10.17	27.59	2.58	-97.11	-968.1	7.06
Long-Term Debt Issued	-	317.33	268.55	317.11	1,165	-
Long-Term Debt Repaid	-	-803.04	-813.12	-241.56	-5.41	-
Net Debt Issued (Repaid)	-768.25	-485.71	-544.57	75.55	1,160	-
Issuance of Common Stock	-	-	-	293.98	-	-
Common Dividends Paid	-30.86	-57.15	-68.09	-82.07	-1.12	-
Other Financing Activities	390.43	-	-0.89	-0.04	-	-
Financing Cash Flow	-408.68	-542.86	-613.54	287.43	1,159	-
Foreign Exchange Rate Adjustments	0.12	0.16	-0	-0.04	-1.29	-
Net Cash Flow	32.01	-87.18	-252.98	262.91	181.52	1.52
Free Cash Flow	368.38	411.34	342.91	64.33	-12.6	-39.12
Free Cash Flow Growth	-2.76%	19.96%	433.06%	-	-	-
Free Cash Flow Margin	15.34%	17.78%	15.32%	3.20%	-3.61%	-32.99%
Free Cash Flow Per Share	1.92	2.14	1.79	0.43	-0.09	-0.26
Cash Income Tax Paid	86.21	66.62	113.13	74.26	1.14	2.61
Levered Free Cash Flow	58.34	102.43	96.49	-1,272	1,141	-21.42
Unlevered Free Cash Flow	81.04	140.38	143.72	-1,212	1,144	-21.42
Change in Working Capital	302.6	302.6	269.13	38.06	-2.11	-2.9

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