SHA:600527 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	27.93	38.07	46	83.59	102.57	232.68
Depreciation & Amortization	97.87	97.87	84.45	71.05	67.85	67.72
Other Amortization	-	-	-	-	1.8	2.4
Loss (Gain) From Sale of Assets	-	-	-0.09	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	1.5	-	-
Loss (Gain) From Sale of Investments	-9.89	-9.89	-25.12	-13.43	-31.98	-24.03
Provision & Write-off of Bad Debts	-0.2	-0.2	0.32	0.26	0.19	-0.27
Other Operating Activities	-87.14	0.62	2.59	-14.38	10.44	5.71
Change in Accounts Receivable	120.84	120.84	-80.58	-17.37	-57.85	108.82
Change in Inventory	60.4	60.4	-38.72	32.99	-	90.98
Change in Accounts Payable	-40.08	-40.08	-23.87	20.05	-37.72	29.78
Operating Cash Flow	169.31	267.21	-35.25	166.29	-46.53	512.93
Operating Cash Flow Growth	193.69%	-	-	-	-	482.87%
Capital Expenditures	-3.46	-8.11	-16.25	-53.67	-38.99	-17.95
Sale of Property, Plant & Equipment	0.01	-	-	-	-	-
Divestitures	-	0.9	0.9	-	3	9
Investment in Securities	-448.45	-210	210	-100	190	-540
Other Investing Activities	335.85	10.74	24.76	18.22	28.42	23.02
Investing Cash Flow	-116.04	-206.47	219.41	-135.46	182.42	-525.93
Short-Term Debt Issued	-	3.65	-	18.11	-	2.79
Total Debt Issued	7.08	3.65	-	18.11	-	2.79
Long-Term Debt Repaid	-	-2.42	-2.42	-1.87	-1.87	-
Net Debt Issued (Repaid)	4.66	1.23	-2.42	16.24	-1.87	2.79
Repurchase of Common Stock	-18.34	-18.34	-	-	-	-
Common Dividends Paid	-85.88	-86.61	-173.18	-121.3	-173.3	-144.31
Other Financing Activities	-4.16	-	-	-	-	-
Financing Cash Flow	-103.73	-103.72	-175.6	-105.06	-175.17	-141.52
Foreign Exchange Rate Adjustments	0.44	0.34	0.25	1.62	-1.45	-0.67
Net Cash Flow	-50.02	-42.63	8.81	-72.61	-40.73	-155.19
Free Cash Flow	165.85	259.11	-51.51	112.62	-85.52	494.98
Free Cash Flow Growth	244.84%	-	-	-	-	-
Free Cash Flow Margin	31.05%	47.91%	-6.28%	13.55%	-9.78%	43.25%
Free Cash Flow Per Share	0.10	0.15	-0.03	0.07	-0.05	0.28
Cash Income Tax Paid	15.76	25.91	20.92	18.65	28.39	80.22
Levered Free Cash Flow	-193.88	151.71	37.82	103.09	-93.04	513.05
Unlevered Free Cash Flow	-193.76	151.86	38.02	103.44	-92.8	513.07
Change in Working Capital	140.74	140.74	-143.4	37.7	-197.4	228.71

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