Shanghai No.1 Pharmacy 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	69.01	163.06	89.28	143.56	49.42	68.54
Depreciation & Amortization	64.68	64.68	54.01	48.32	45.19	8.36
Other Amortization	7.41	7.41	5.77	4.82	5.51	5.91
Loss (Gain) From Sale of Assets	-169.18	-169.18	-65.13	-0.05	-1.48	-0.07
Asset Writedown & Restructuring Costs	5.28	5.28	5.09	20.07	0.14	0.22
Loss (Gain) From Sale of Investments	-13.28	-13.28	-23.86	-4.41	-1.94	-1.93
Provision & Write-off of Bad Debts	-19.17	-19.17	9.59	16.62	0.52	1.07
Other Operating Activities	174.9	4.7	11.39	21.31	4.81	6.15
Change in Accounts Receivable	50.13	50.13	-3.72	-124.06	-43.24	-1.11
Change in Inventory	-3.89	-3.89	11.02	-123.95	-1.01	0.81
Change in Accounts Payable	-42.75	-42.75	-44.54	153.93	-17.21	-4.84
Operating Cash Flow	125.16	49.03	58.49	132.31	36.56	84.24
Operating Cash Flow Growth	-	-16.18%	-55.79%	261.91%	-56.60%	-19.46%
Capital Expenditures	-21.13	-51.94	-13.88	-11.37	-12.64	-12.23
Sale of Property, Plant & Equipment	95.07	183.72	62.09	0.06	2.24	0.08
Investment in Securities	-13.79	-65.88	95.19	-121.01	-51.01	-200
Other Investing Activities	17.27	9.46	23.74	4.54	2.16	1.94
Investing Cash Flow	77.42	75.36	167.14	-127.78	-59.24	-210.21
Short-Term Debt Issued	-	144.05	95.07	870	-	180
Total Debt Issued	99.29	144.05	95.07	870	-	180
Short-Term Debt Repaid	-	-144.47	-320	-550	-180	-
Long-Term Debt Repaid	-	-67.34	-57.95	-43.44	-33.62	-
Total Debt Repaid	-161.99	-211.82	-377.95	-593.44	-213.62	-
Net Debt Issued (Repaid)	-62.7	-67.77	-282.88	276.56	-213.62	180
Common Dividends Paid	-50.72	-29.41	-48.18	-27.41	-22.44	-18.3
Other Financing Activities	1.04	1.47	-	-	-	-
Financing Cash Flow	-113.84	-95.71	-331.06	249.15	-236.06	161.7
Foreign Exchange Rate Adjustments	1.96	0.46	0.52	0.6	-0.04	-
Net Cash Flow	90.71	29.14	-104.9	254.28	-258.78	35.73
Free Cash Flow	104.03	-2.91	44.61	120.94	23.92	72.01
Free Cash Flow Growth	-	-	-63.11%	405.61%	-66.78%	-23.89%
Free Cash Flow Margin	4.99%	-0.15%	2.45%	4.55%	1.71%	4.54%
Free Cash Flow Per Share	0.47	-0.01	0.20	0.54	0.11	0.33
Cash Income Tax Paid	53.99	104.14	84.74	122.11	51.08	55.43
Levered Free Cash Flow	150.58	26.19	19.81	82.52	-0.94	28.37
Unlevered Free Cash Flow	153.72	29.97	24.56	91.34	1.03	29.43
Change in Working Capital	5.52	5.52	-27.64	-117.94	-65.61	-4

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