SHA:600678 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	19.03	-19.19	-41.24	12.97	67.78	38.24
Depreciation & Amortization	45.28	45.28	41.51	36.14	23.59	18.34
Other Amortization	10.13	10.13	9.02	8.97	4.91	2.88
Loss (Gain) From Sale of Assets	-0.39	-0.39	-	-0.14	0.08	-
Asset Writedown & Restructuring Costs	11.65	11.65	3.23	7.9	0	0
Loss (Gain) From Sale of Investments	0.49	0.49	11.92	-0.83	0.27	-8.84
Provision & Write-off of Bad Debts	0.23	0.23	2.59	1.58	1.89	1.15
Other Operating Activities	5.82	12.02	14.12	14.34	13.72	17.46
Change in Accounts Receivable	-40.54	-40.54	-20.46	-11.43	-66.57	7.78
Change in Inventory	-2.87	-2.87	6.04	2.68	-7.44	2.92
Change in Accounts Payable	92.57	92.57	-19.1	-22.56	53.11	24.53
Operating Cash Flow	141.41	109.39	9.03	47.83	91.37	104.06
Operating Cash Flow Growth	181.79%	1111.56%	-81.12%	-47.65%	-12.19%	-6.71%
Capital Expenditures	-147.4	-203.64	-84.39	-97.07	-32.57	-14.72
Sale of Property, Plant & Equipment	6.03	14.38	-	0.08	0.1	-
Cash Acquisitions	-	-	-	-	0	-
Divestitures	0.11	-	0.13	-	-	-0.12
Investment in Securities	-1.5	-4.2	-0	15.02	-	-
Other Investing Activities	0	0	-	-0.6	-	-
Investing Cash Flow	-142.76	-193.46	-84.51	-84.78	-32.47	-14.81
Long-Term Debt Issued	-	363.65	314.46	85	33.5	35.4
Long-Term Debt Repaid	-	-228.89	-190.5	-37.6	-71.43	-97.38
Net Debt Issued (Repaid)	-114.17	134.75	123.96	47.4	-37.93	-61.98
Common Dividends Paid	-19.03	-19.71	-18.62	-13.63	-21.74	-19.04
Other Financing Activities	176.16	5.15	-2.17	6.55	-	-
Financing Cash Flow	14.33	120.2	103.17	40.31	-59.67	-81.02
Foreign Exchange Rate Adjustments	0.02	-0	0	-0	-0.01	-0.02
Net Cash Flow	13	36.12	27.69	3.36	-0.78	8.21
Free Cash Flow	-5.99	-94.26	-75.37	-49.24	58.81	89.34
Free Cash Flow Growth	-	-	-	-	-34.18%	-6.65%
Free Cash Flow Margin	-1.10%	-26.42%	-23.00%	-13.76%	15.77%	34.42%
Free Cash Flow Per Share	-0.02	-0.27	-0.22	-0.14	0.17	0.26
Cash Income Tax Paid	77.95	34.8	39.62	46.88	56.44	55.31
Levered Free Cash Flow	-60.68	-187.25	129.26	-44.68	101.31	92.21
Unlevered Free Cash Flow	-50.67	-177.18	141	-35.48	110.04	103.03
Change in Working Capital	49.17	49.17	-32.13	-33.09	-20.87	34.83

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