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 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	47.56	47.93	52.62	33.58	49.47	48.05
Depreciation & Amortization	17.78	17.78	18.77	20	18.46	17.8
Other Amortization	1.91	1.91	-	-	-	-
Loss (Gain) From Sale of Assets	-0.1	-0.1	-	-0	-0.06	-0.47
Asset Writedown & Restructuring Costs	-0.23	-0.23	-	-	0.02	-
Loss (Gain) From Sale of Investments	-17.6	-17.6	-17.9	-5.73	-1.16	-0.4
Provision & Write-off of Bad Debts	-0.01	-0.01	-0	0.02	-0.16	-1.07
Other Operating Activities	43.28	48.55	48.2	36.46	53.16	47.21
Change in Accounts Receivable	0.58	0.58	13.12	83.43	37.57	20.58
Change in Inventory	-2.55	-2.55	0.68	2.02	-2.92	-1.27
Change in Accounts Payable	-12.92	-12.92	-27.12	-10.34	-6.69	32.81
Change in Other Net Operating Assets	-	-	-0.37	3.06	1.8	-2.07
Operating Cash Flow	77.5	83.14	87.82	162.31	151.44	161.18
Operating Cash Flow Growth	-30.69%	-5.33%	-45.89%	7.18%	-6.04%	395.59%
Capital Expenditures	-3.76	-2.95	-13.6	-4.98	-10.78	-19.7
Sale of Property, Plant & Equipment	-	-	-	-	0.02	-
Investment in Securities	-	-	-	-162.2	65	-80
Other Investing Activities	8.66	8.58	9.85	5.73	1.15	0.46
Investing Cash Flow	4.9	5.63	-3.74	-161.45	55.39	-99.23
Long-Term Debt Repaid	-	-1.18	-0.65	-0.66	-0.11	-0.11
Total Debt Repaid	-1.18	-1.18	-0.65	-0.66	-0.11	-0.11
Net Debt Issued (Repaid)	-1.18	-1.18	-0.65	-0.66	-0.11	-0.11
Other Financing Activities	-119.87	-120	-	-38	-45	-24
Financing Cash Flow	-121.05	-121.18	-0.65	-38.66	-45.11	-24.11
Net Cash Flow	-38.64	-32.41	83.42	-37.8	161.71	37.83
Free Cash Flow	73.74	80.18	74.22	157.33	140.66	141.48
Free Cash Flow Growth	-26.26%	8.04%	-52.82%	11.85%	-0.58%	681.26%
Free Cash Flow Margin	16.26%	17.07%	14.86%	30.77%	21.33%	24.92%
Free Cash Flow Per Share	0.11	0.12	0.11	0.23	0.21	0.21
Cash Income Tax Paid	31.61	38.95	34.37	-46.6	49.07	37.21
Levered Free Cash Flow	57.6	62.38	44.32	123.99	96.71	93.59
Unlevered Free Cash Flow	57.69	62.47	44.35	124.02	96.72	93.6
Change in Working Capital	-15.08	-15.08	-13.87	77.98	31.71	50.05

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