Lanzhou Lishang Guochao Industrial Group Co.,Ltd (SHA:600738)

SHA:600738 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	191.45	163.98	72.55	82.64	86.35	154.82
Depreciation & Amortization	123.6	129.37	125.95	128.9	139.76	124.98
Other Amortization	9.95	12.05	11.66	9.62	6.59	4.5
Loss (Gain) From Sale of Assets	0.21	0.22	1.23	-1.55	2.35	3.86
Asset Writedown & Restructuring Costs	0.2	0.21	0.22	0.38	9.32	0.13
Loss (Gain) From Sale of Investments	-17.62	-11.36	59.48	70.64	-58.8	0.52
Provision & Write-off of Bad Debts	18.76	18.76	70.99	2.11	3.33	0.38
Other Operating Activities	-2.85	12.93	2.87	50.84	50.15	33.36
Change in Accounts Receivable	-76.54	-43.57	-48.65	-91.34	2.05	-53.95
Change in Inventory	-0.34	20.39	6.08	12.48	-25.1	-5.69
Change in Accounts Payable	133.62	26.78	-160.92	63.69	-10.68	-55.97
Change in Other Net Operating Assets	9.26	9.26	-2.52	-2.06	-19.66	-15.45
Operating Cash Flow	387.67	337.02	142.85	322.59	183.11	192.1
Operating Cash Flow Growth	91.23%	135.93%	-55.72%	76.17%	-4.68%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-15.18	-116.61	-35.96	-81.15	-59.36	-285.43
Sale of Property, Plant & Equipment	0.33	0.35	8.5	8.01	0.29	-
Investment in Securities	3.53	-9.67	-182.38	163.53	-33.2	-137.26
Other Investing Activities	6.33	-3.39	1.42	32.22	33.46	35.74
Investing Cash Flow	-4.99	-129.32	-208.42	122.6	-58.81	-385.18

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	65.1	161.21	814.76	931.93	119.8
Long-Term Debt Repaid	-	-170.22	-164.37	-967.35	-837.7	-339.72
Net Debt Issued (Repaid)	-296.49	-105.12	-3.16	-152.59	94.23	-219.92
Issuance of Common Stock	-	-	-	-	32.27	-
Repurchase of Common Stock	-	-	-55.59	-75.2	-	-
Common Dividends Paid	-83.67	-24.98	-52.94	-38.14	-100.56	-34.16
Other Financing Activities	21.13	22.16	-12.22	15.46	-19.55	3.24
Financing Cash Flow	-359.03	-107.94	-123.91	-250.47	6.4	-250.85

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0	0	0.02	-0.99	-0.75	-0.18
Net Cash Flow	23.64	99.77	-189.47	193.74	129.95	-444.11

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	372.49	220.42	106.89	241.44	123.75	-93.33
Free Cash Flow Growth	408.57%	106.21%	-55.73%	95.10%	-	-
Free Cash Flow Margin	58.65%	34.78%	16.05%	27.43%	16.36%	-14.52%
Free Cash Flow Per Share	0.49	0.30	0.15	0.32	0.16	-0.12
Levered Free Cash Flow	129.73	262.07	71.93	302.68	73.83	-167.16
Unlevered Free Cash Flow	139.04	271.38	87.13	326.69	104.91	-145.85

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	129.21	130.35	144.1	131.41	116.81	103.11
Change in Working Capital	63.96	10.86	-202.1	-21	-55.95	-130.45

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 23, 2026

Data Sources Report a data error