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 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	21.89	21.09	38.07	46	83.59	102.57
Depreciation & Amortization	97.49	97.49	97.87	84.45	71.05	67.85
Other Amortization	-	-	-	-	-	1.8
Loss (Gain) From Sale of Assets	-0.03	-0.03	-	-0.09	-	-
Asset Writedown & Restructuring Costs	1.16	1.16	-	-	1.5	-
Loss (Gain) From Sale of Investments	-4	-4	-9.89	-25.12	-13.43	-31.98
Provision & Write-off of Bad Debts	-	-	-0.2	0.32	0.26	0.19
Other Operating Activities	66.74	1.94	0.62	2.59	-14.38	10.44
Change in Accounts Receivable	-9.8	-9.8	120.84	-80.58	-17.37	-57.85
Change in Inventory	-15.62	-15.62	60.4	-38.72	32.99	-
Change in Accounts Payable	-41.09	-41.09	-40.08	-23.87	20.05	-37.72
Operating Cash Flow	116.19	50.59	267.21	-35.25	166.29	-46.53
Operating Cash Flow Growth	-12.78%	-81.07%	-	-	-	-
Capital Expenditures	-5.18	-6.25	-8.11	-16.25	-53.67	-38.99
Sale of Property, Plant & Equipment	0.04	0.04	-	-	-	-
Divestitures	-	-	0.9	0.9	-	3
Investment in Securities	30.96	82.13	-210	210	-100	190
Other Investing Activities	1.74	5.72	10.74	24.76	18.22	28.42
Investing Cash Flow	27.57	81.65	-206.47	219.41	-135.46	182.42
Short-Term Debt Issued	-	-	3.65	-	18.11	-
Long-Term Debt Issued	-	5.97	-	-	-	-
Total Debt Issued	5.97	5.97	3.65	-	18.11	-
Long-Term Debt Repaid	-	-	-2.42	-2.42	-1.87	-1.87
Net Debt Issued (Repaid)	9.64	5.97	1.23	-2.42	16.24	-1.87
Repurchase of Common Stock	-	-	-18.34	-	-	-
Common Dividends Paid	-85.84	-85.84	-86.61	-173.18	-121.3	-173.3
Other Financing Activities	-21.39	-24.99	-	-	-	-
Financing Cash Flow	-97.59	-104.85	-103.72	-175.6	-105.06	-175.17
Foreign Exchange Rate Adjustments	-2.53	-1.67	0.34	0.25	1.62	-1.45
Net Cash Flow	43.64	25.71	-42.63	8.81	-72.61	-40.73
Free Cash Flow	111.01	44.34	259.11	-51.51	112.62	-85.52
Free Cash Flow Growth	-10.29%	-82.89%	-	-	-	-
Free Cash Flow Margin	20.66%	8.53%	47.91%	-6.28%	13.55%	-9.78%
Free Cash Flow Per Share	0.06	0.03	0.15	-0.03	0.07	-0.05
Cash Income Tax Paid	22.27	15.14	25.91	20.92	18.65	28.39
Levered Free Cash Flow	-639.39	-658.5	151.71	37.82	103.09	-93.04
Unlevered Free Cash Flow	-639.39	-658.5	151.86	38.02	103.44	-92.8
Change in Working Capital	-67.07	-67.07	140.74	-143.4	37.7	-197.4

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