SHA:600599 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	16.24	15.02	-474.46	-212.36	90.36	71.97
Depreciation & Amortization	4.1	4.1	2.43	1.5	0.95	1.05
Other Amortization	0.77	0.77	2.33	0.35	0.05	0.05
Loss (Gain) From Sale of Assets	0.02	0.02	0.01	-0.11	-	-0.12
Asset Writedown & Restructuring Costs	0.57	0.57	-	0.06	0	-
Loss (Gain) From Sale of Investments	-0	-0	-	0.81	1.83	-9.83
Provision & Write-off of Bad Debts	-	-	479.11	12.68	3.26	-0.22
Other Operating Activities	4.19	9.11	38.87	209.27	4.31	3.24
Change in Accounts Receivable	67.59	67.59	-122	211.8	-134.17	159.13
Change in Inventory	-30.83	-30.83	-7.57	-7.03	13.93	-14.57
Change in Accounts Payable	-38.08	-38.08	52.19	-2.25	-181.41	109.33
Change in Other Net Operating Assets	0.27	0.27	-	-	-	-
Operating Cash Flow	24.42	28.12	-29.12	218	-204.47	319.72
Capital Expenditures	0.09	-0.11	-1.46	-2.29	-0.22	-0.65
Sale of Property, Plant & Equipment	0.11	0.11	-	0.04	-	0.15
Investment in Securities	-14	-4	-300	5	-1.89	23.66
Other Investing Activities	0.01	0	2.62	-	0.06	-
Investing Cash Flow	-13.79	-4	-298.83	2.75	-2.05	23.16
Short-Term Debt Repaid	-	-	-	-	-4	-0.5
Long-Term Debt Repaid	-	-5	-9.52	-5.77	-0.44	-
Total Debt Repaid	-10	-5	-9.52	-5.77	-4.44	-0.5
Net Debt Issued (Repaid)	-10	-5	-9.52	-5.77	-4.44	-0.5
Common Dividends Paid	-4.37	-4.59	-5.42	-5.23	-5.93	-7.18
Other Financing Activities	-0.98	-0.83	-	20	-4.9	4.9
Financing Cash Flow	-15.34	-10.42	-14.94	9	-15.26	-2.78
Foreign Exchange Rate Adjustments	0.89	0.71	1.92	-0.28	11.3	0.14
Net Cash Flow	-3.82	14.41	-340.98	229.47	-210.49	340.24
Free Cash Flow	24.51	28.01	-30.58	215.71	-204.7	319.07
Free Cash Flow Margin	9.16%	11.37%	-9.44%	94.46%	-62.16%	110.32%
Free Cash Flow Per Share	0.15	0.17	-0.18	1.30	-1.22	1.91
Cash Interest Paid	0	0	0	0.01	0.01	0.02
Cash Income Tax Paid	-	-39.4	-33.32	-14.55	-43.06	-35.21
Levered Free Cash Flow	28.12	6.54	-99.16	314.31	-245.49	300.71
Unlevered Free Cash Flow	28.12	6.54	-95.59	317.62	-241.84	304.94
Change in Working Capital	-1.45	-1.45	-77.41	205.8	-305.23	253.58

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