Shanghai Lingang Holdings 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	1,568	1,097	1,064	1,009	1,506	1,413
Depreciation & Amortization	888.52	888.52	745.21	632.73	534.31	395.12
Other Amortization	84.68	84.68	50.47	48.07	52.68	41.32
Loss (Gain) From Sale of Assets	-1.85	-1.85	-63.31	-0.96	-3.79	-88.44
Asset Writedown & Restructuring Costs	-1.44	-1.44	0	0.01	0.04	0
Loss (Gain) From Sale of Investments	-43.98	-43.98	-182.49	103.97	-378.19	-493.5
Provision & Write-off of Bad Debts	15.9	15.9	-2.15	4.02	-3.31	-90.9
Other Operating Activities	3,863	1,673	1,218	903.04	896.09	664.69
Change in Accounts Receivable	-1,102	-1,102	-164.51	720.98	622.22	-41.34
Change in Inventory	-6,322	-6,322	-13,025	-6,401	-7,175	-6,043
Change in Accounts Payable	-491.87	-491.87	5,039	3,887	2,168	3,032
Operating Cash Flow	-1,896	-4,557	-5,550	630.03	-1,865	-849.63
Capital Expenditures	-63.07	-215.47	-109.38	-32.4	-132.31	-28.62
Sale of Property, Plant & Equipment	2.17	2.35	75.53	0.88	4.18	145.1
Cash Acquisitions	-147.54	-147.54	-213.92	-	98.62	-
Divestitures	2,213	591.4	-	-	-78.59	-
Investment in Securities	-338.43	-28.32	114.75	-3,841	-939.05	-2,553
Other Investing Activities	98.57	101.07	201.66	119.29	369.95	64.02
Investing Cash Flow	1,768	307.27	72.04	-3,746	-674.05	-2,295
Short-Term Debt Issued	-	1,970	5,184	2,803	1,953	500
Long-Term Debt Issued	-	15,377	18,196	16,225	13,992	13,241
Total Debt Issued	11,048	17,348	23,380	19,028	15,945	13,741
Long-Term Debt Repaid	-	-12,583	-18,671	-15,197	-14,071	-12,800
Total Debt Repaid	-10,651	-12,583	-18,671	-15,197	-14,071	-12,800
Net Debt Issued (Repaid)	397.01	4,765	4,709	3,831	1,874	941.09
Common Dividends Paid	-1,349	-1,446	-1,377	-1,470	-1,271	-1,127
Other Financing Activities	-225.42	272.5	3,677	3,361	1,945	246.37
Financing Cash Flow	-1,177	3,591	7,009	5,723	2,547	60.8
Foreign Exchange Rate Adjustments	-0.03	-0.03	0.05	-0.02	-0.06	0.02
Net Cash Flow	-1,306	-659.01	1,531	2,606	8.27	-3,084
Free Cash Flow	-1,959	-4,773	-5,659	597.63	-1,997	-878.25
Free Cash Flow Margin	-18.18%	-42.98%	-80.11%	9.96%	-31.75%	-22.30%
Free Cash Flow Per Share	-0.78	-1.89	-2.23	0.24	-0.80	-0.35
Cash Income Tax Paid	1,948	2,449	960.31	1,413	1,102	1,681
Levered Free Cash Flow	-1,583	-919.51	-3,243	4,298	-6,103	2,116
Unlevered Free Cash Flow	-1,185	-473.71	-2,822	4,651	-5,743	2,397
Change in Working Capital	-8,269	-8,269	-8,379	-2,070	-4,469	-2,691

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