SHA:600573 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	83.71	64.83	48.53	39.85	31.03	28.67
Depreciation & Amortization	23.5	23.5	27.35	25.96	31.99	31.44
Other Amortization	0.02	0.02	-	-	-	-
Asset Writedown & Restructuring Costs	0.48	0.48	2.28	-	3.41	0.56
Loss (Gain) From Sale of Investments	-1.38	-1.38	-2.09	-2.05	-4.9	-14.13
Provision & Write-off of Bad Debts	-0.01	-0.01	0.12	-	0.04	0.01
Other Operating Activities	-69.12	-33.22	-31.65	2.45	0.15	4.52
Change in Accounts Receivable	0.05	0.05	-1.52	-0.53	0.37	-8.01
Change in Inventory	3.07	3.07	9.18	19.38	-13.68	34.05
Change in Accounts Payable	76.17	76.17	27.45	51.89	9.33	11.82
Operating Cash Flow	115.62	132.64	75.09	137.82	56.72	86.51
Operating Cash Flow Growth	22.33%	76.63%	-45.51%	142.97%	-34.43%	36.92%
Capital Expenditures	-6.29	-13.01	-4.31	-1.7	-3.27	-10.22
Sale of Property, Plant & Equipment	-	0	0.03	-	0	0.12
Investment in Securities	-301	-241	-225	-130	-70	-520
Other Investing Activities	275.57	72.17	61.2	2.24	4.72	14.13
Investing Cash Flow	-31.71	-181.83	-168.08	-129.47	-68.55	-515.96
Short-Term Debt Issued	-	82	20	-	-	-
Total Debt Issued	60	82	20	-	-	-
Short-Term Debt Repaid	-	-20	-	-	-	-
Total Debt Repaid	-82.13	-20	-	-	-	-
Net Debt Issued (Repaid)	-22.13	62	20	-	-	-
Common Dividends Paid	-20.53	-15	-12.83	-9.5	-8.75	-7.5
Other Financing Activities	-1.44	-1.44	-	-	-	-
Financing Cash Flow	-44.09	45.56	7.17	-9.5	-8.75	-7.5
Net Cash Flow	39.81	-3.64	-85.81	-1.14	-20.58	-436.95
Free Cash Flow	109.33	119.63	70.79	136.12	53.46	76.29
Free Cash Flow Growth	37.52%	69.01%	-48.00%	154.64%	-29.93%	168.87%
Free Cash Flow Margin	17.31%	18.49%	11.54%	22.19%	9.18%	12.42%
Free Cash Flow Per Share	0.44	0.48	0.28	0.54	0.21	0.31
Cash Income Tax Paid	117.75	117.38	127.54	88.27	102.18	106.59
Levered Free Cash Flow	87.16	110.23	73.16	132	53.41	63.14
Unlevered Free Cash Flow	88.39	111.14	73.45	132.03	53.41	63.14
Change in Working Capital	78.43	78.43	30.55	71.61	-5	35.44

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