SHA:600513 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	-84.15	84.16	135.01	141.37	118.84
Depreciation & Amortization	98.45	60.39	56.48	40.81	28.05
Other Amortization	1.5	1.61	1.47	1.35	0.95
Loss (Gain) From Sale of Assets	0.08	-35.03	-8.89	0.01	-
Asset Writedown & Restructuring Costs	11.85	0.11	0.99	0.02	0.06
Loss (Gain) From Sale of Investments	8.9	9.12	-0.19	2.86	-0.23
Provision & Write-off of Bad Debts	-	6.72	2.57	7.85	-
Other Operating Activities	39.21	53.22	46.49	49.18	44.33
Change in Accounts Receivable	-24.45	-60.14	-47.4	-130.55	-56.96
Change in Inventory	-54.18	-134.27	-38.61	-77.31	-12.67
Change in Accounts Payable	6.37	23.34	20.36	102.66	16.36
Change in Other Net Operating Assets	-	-	-4.24	1.2	-1.38
Operating Cash Flow	-14.47	10.77	160.7	127.59	138.34
Operating Cash Flow Growth	-	-93.30%	25.95%	-7.77%	50.48%
Capital Expenditures	-271.4	-184.85	-200.67	-220.68	-172.11
Sale of Property, Plant & Equipment	0.08	0.01	26.48	-	0.97
Cash Acquisitions	-202.24	-	-1.75	-	-
Divestitures	-	-	-	-	-7.38
Investment in Securities	-12.45	-	-8.76	-	0.06
Other Investing Activities	0.01	0.01	0	-	1.03
Investing Cash Flow	-486	-184.83	-184.69	-220.68	-177.43
Long-Term Debt Issued	1,540	847.98	698.08	792	606.5
Total Debt Issued	1,540	847.98	698.08	792	606.5
Long-Term Debt Repaid	-887.81	-674.64	-630.88	-662.8	-425.59
Total Debt Repaid	-887.81	-674.64	-630.88	-662.8	-425.59
Net Debt Issued (Repaid)	651.95	173.33	67.19	129.2	180.91
Repurchase of Common Stock	-	-	-6.26	-3.36	-
Common Dividends Paid	-46.97	-50.57	-51.23	-54.4	-39.79
Other Financing Activities	-12.51	-12.83	-44.81	5.49	0.43
Financing Cash Flow	592.47	109.94	-35.1	76.92	141.55
Foreign Exchange Rate Adjustments	-0.34	0.63	0.23	2.31	-0.79
Net Cash Flow	91.66	-63.5	-58.86	-13.86	101.67
Free Cash Flow	-285.87	-174.08	-39.96	-93.09	-33.77
Free Cash Flow Margin	-10.54%	-8.06%	-1.84%	-4.76%	-2.05%
Free Cash Flow Per Share	-0.99	-0.60	-0.14	-0.32	-0.12
Cash Income Tax Paid	122.69	190.67	170.66	153.63	124.97
Levered Free Cash Flow	-234.32	-319.57	-65.42	-137.36	-73.41
Unlevered Free Cash Flow	-234.32	-303.98	-48.73	-121.62	-61.47
Change in Working Capital	-90.32	-169.53	-73.23	-115.87	-53.65

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