Shanghai Join Buy 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	42.83	42.03	62.2	52.3	102.45	53.38
Depreciation & Amortization	24.62	24.62	24.34	23.37	21.74	12.85
Other Amortization	1.29	1.29	0.9	0.76	0.51	0.08
Loss (Gain) From Sale of Assets	-	-	-7.95	-	-28.48	-0
Asset Writedown & Restructuring Costs	-	-	-0.01	0	0.41	0.05
Loss (Gain) From Sale of Investments	-67.93	-67.93	-78.73	-69.54	-100.22	-85.39
Provision & Write-off of Bad Debts	0.17	0.17	0.39	-0.73	2.05	-0.69
Other Operating Activities	-1.18	0.86	1.17	0	0.46	1.73
Change in Accounts Receivable	-1.22	-1.22	5.97	1.45	0.89	1.81
Change in Inventory	1.77	1.77	-0.01	0.79	-2.31	0.04
Change in Accounts Payable	0.56	0.56	-0.04	-6.35	8.63	14.64
Operating Cash Flow	0.92	2.16	8.23	2.05	6.13	-1.5
Operating Cash Flow Growth	-	-73.82%	301.12%	-66.51%	-	-
Capital Expenditures	-2.84	-4.58	-9.76	-0.86	-6.48	-262.87
Sale of Property, Plant & Equipment	-	-	7.71	-	29.17	0.02
Investment in Securities	-	-	-	-51.07	-	-
Other Investing Activities	71.33	86.77	71.9	107.45	92.59	114.61
Investing Cash Flow	68.49	82.19	69.85	55.52	115.28	-148.24
Long-Term Debt Repaid	-	-8.88	-9.33	-6.67	-6.55	-
Total Debt Repaid	-8.88	-8.88	-9.33	-6.67	-6.55	-
Net Debt Issued (Repaid)	-8.88	-8.88	-9.33	-6.67	-6.55	-
Common Dividends Paid	-12.83	-18.86	-16.04	-30.87	-16.04	-30.07
Financing Cash Flow	-21.34	-27.75	-25.37	-37.53	-22.59	-30.07
Net Cash Flow	48.07	56.6	52.72	20.04	98.82	-179.81
Free Cash Flow	-1.92	-2.43	-1.53	1.19	-0.35	-264.37
Free Cash Flow Margin	-2.13%	-2.62%	-1.77%	1.74%	-0.36%	-283.22%
Free Cash Flow Per Share	-0.01	-0.01	-0.00	0.00	-0.00	-0.66
Cash Income Tax Paid	5.17	5.08	5.06	3.51	6.4	4.29
Levered Free Cash Flow	2.01	1.13	2.9	-1.24	5.79	-265.25
Unlevered Free Cash Flow	2.44	1.67	3.63	-0.43	6.55	-265.25
Change in Working Capital	1.12	1.12	5.93	-4.11	7.2	16.49

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