SHA:600722 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	49.69	52.62	33.58	49.47	48.05	9.93
Depreciation & Amortization	16.94	16.94	20	18.46	17.8	15.06
Other Amortization	1.83	1.83	-	-	-	-
Loss (Gain) From Sale of Assets	-	-	-0	-0.06	-0.47	-
Asset Writedown & Restructuring Costs	-	-	-	0.02	-	0.14
Loss (Gain) From Sale of Investments	-17.9	-17.9	-5.73	-1.16	-0.4	1.2
Provision & Write-off of Bad Debts	-0	-0	0.02	-0.16	-1.07	-0.8
Other Operating Activities	57.56	48.2	36.46	53.16	47.21	6.67
Change in Accounts Receivable	13.12	13.12	83.43	37.57	20.58	16.25
Change in Inventory	0.68	0.68	2.02	-2.92	-1.27	-0.61
Change in Accounts Payable	-27.12	-27.12	-10.34	-6.69	32.81	-10.59
Change in Other Net Operating Assets	-0.37	-0.37	3.06	1.8	-2.07	-4.98
Operating Cash Flow	94.24	87.82	162.31	151.44	161.18	32.52
Operating Cash Flow Growth	37.89%	-45.89%	7.18%	-6.04%	395.59%	-77.90%
Capital Expenditures	-11.02	-13.6	-4.98	-10.78	-19.7	-14.41
Sale of Property, Plant & Equipment	-	-	-	0.02	-	0
Investment in Securities	-	-	-162.2	65	-80	20
Other Investing Activities	8.14	9.85	5.73	1.15	0.46	0.71
Investing Cash Flow	-2.88	-3.74	-161.45	55.39	-99.23	6.3
Long-Term Debt Repaid	-	-0.65	-0.66	-0.11	-0.11	-
Total Debt Repaid	-0.65	-0.65	-0.66	-0.11	-0.11	-
Net Debt Issued (Repaid)	-0.65	-0.65	-0.66	-0.11	-0.11	-
Other Financing Activities	-0.12	-	-38	-45	-24	-
Financing Cash Flow	-0.77	-0.65	-38.66	-45.11	-24.11	-
Net Cash Flow	90.59	83.42	-37.8	161.71	37.83	38.82
Free Cash Flow	83.22	74.22	157.33	140.66	141.48	18.11
Free Cash Flow Growth	29.72%	-52.82%	11.85%	-0.58%	681.26%	-86.79%
Free Cash Flow Margin	16.76%	14.86%	30.77%	21.33%	24.92%	4.48%
Free Cash Flow Per Share	0.12	0.11	0.23	0.21	0.21	0.03
Cash Income Tax Paid	38.6	34.37	-46.6	49.07	37.21	13.81
Levered Free Cash Flow	60.91	44.32	123.99	96.71	93.59	25.17
Unlevered Free Cash Flow	60.93	44.35	124.02	96.72	93.6	25.17
Change in Working Capital	-13.87	-13.87	77.98	31.71	50.05	0.34

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.