SHA:600605 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	24.12	95.1	56.45	9.27	60.27
Depreciation & Amortization	17.3	12.11	6.8	7.05	7.11
Other Amortization	6.89	1.28	-	-	-
Loss (Gain) From Sale of Assets	-	0.01	-0.01	-	-0.07
Asset Writedown & Restructuring Costs	-	0	0.18	0.01	0.01
Loss (Gain) From Sale of Investments	-8.03	-3.67	-4.47	-0.07	0.01
Provision & Write-off of Bad Debts	0.04	1.15	-0.06	0.1	0.35
Other Operating Activities	1.24	0.81	-0.77	10.79	17.15
Change in Accounts Receivable	47.87	-5.77	-326.47	-60.08	-108.97
Change in Inventory	-48.34	2.59	-255.18	-140.38	-767.63
Change in Accounts Payable	-206.76	-31.29	833.88	540.41	346.5
Operating Cash Flow	-162.54	72.43	290.31	357.13	-458.05
Operating Cash Flow Growth	-	-75.05%	-18.71%	-	-
Capital Expenditures	-6.44	-42.76	-0.1	-0.24	-3.93
Sale of Property, Plant & Equipment	27.64	195.64	176.48	17.69	435.35
Divestitures	-	-	593.23	-	-
Investment in Securities	-622.5	-	-	-	-
Other Investing Activities	2.78	8.84	2.76	0.16	-
Investing Cash Flow	-598.52	161.72	772.37	17.61	431.42
Short-Term Debt Issued	-	-	-	10	804.1
Long-Term Debt Issued	-	-	-	-	450
Total Debt Issued	-	-	-	10	1,254
Short-Term Debt Repaid	-	-	-	-10	-811.1
Long-Term Debt Repaid	-13.31	-10.89	-79.33	-319.02	-47.12
Total Debt Repaid	-13.31	-10.89	-79.33	-329.02	-858.22
Net Debt Issued (Repaid)	-13.31	-10.89	-79.33	-319.02	395.88
Common Dividends Paid	-28.88	-123.77	-24.4	-33.06	-31.62
Other Financing Activities	9.8	-	-0.01	-0.12	7.71
Financing Cash Flow	-32.39	-134.66	-103.74	-352.2	371.97
Foreign Exchange Rate Adjustments	0.04	-	-	-	-
Net Cash Flow	-793.41	99.5	958.94	22.54	345.34
Free Cash Flow	-168.98	29.67	290.21	356.89	-461.98
Free Cash Flow Growth	-	-89.78%	-18.68%	-	-
Free Cash Flow Margin	-163.89%	21.73%	223.26%	328.98%	-409.29%
Free Cash Flow Per Share	-0.84	0.14	1.41	1.73	-2.24
Cash Interest Paid	-	-	0.01	0.12	7.29
Cash Income Tax Paid	149.89	67.39	68.99	35.56	44.02
Levered Free Cash Flow	-227	10.96	865.24	360.84	-397.91
Unlevered Free Cash Flow	-226.38	11.43	865.24	360.85	-393.91
Change in Working Capital	-204.1	-34.35	232.18	329.99	-542.87

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.