Shanghai Lingang Holdings Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,076	1,097	1,064	1,009	1,506
Depreciation & Amortization	946.53	888.52	745.21	632.73	534.31
Other Amortization	138.36	84.68	50.47	48.07	52.68
Loss (Gain) From Sale of Assets	0.05	-1.85	-63.31	-0.96	-3.79
Asset Writedown & Restructuring Costs	71.3	-1.44	0	0.01	0.04
Loss (Gain) From Sale of Investments	-830.01	-43.98	-182.49	103.97	-378.19
Provision & Write-off of Bad Debts	-	15.9	-2.15	4.02	-3.31
Other Operating Activities	968.12	1,673	1,218	903.04	896.09
Change in Accounts Receivable	137.97	-1,102	-164.51	720.98	622.22
Change in Inventory	-2,331	-6,322	-13,025	-6,401	-7,175
Change in Accounts Payable	-1,261	-491.87	5,039	3,887	2,168
Operating Cash Flow	-949.62	-4,557	-5,550	630.03	-1,865
Capital Expenditures	-75.94	-215.47	-109.38	-32.4	-132.31
Sale of Property, Plant & Equipment	0.11	2.35	75.53	0.88	4.18
Cash Acquisitions	-	-147.54	-213.92	-	98.62
Divestitures	1,621	591.4	-	-	-78.59
Investment in Securities	-1,164	-28.32	114.75	-3,841	-939.05
Other Investing Activities	98.01	101.07	201.66	119.29	369.95
Investing Cash Flow	478.93	307.27	72.04	-3,746	-674.05
Short-Term Debt Issued	-	1,970	5,184	2,803	1,953
Long-Term Debt Issued	9,441	15,377	18,196	16,225	13,992
Total Debt Issued	9,441	17,348	23,380	19,028	15,945
Long-Term Debt Repaid	-5,977	-12,583	-18,671	-15,197	-14,071
Total Debt Repaid	-5,977	-12,583	-18,671	-15,197	-14,071
Net Debt Issued (Repaid)	3,464	4,765	4,709	3,831	1,874
Common Dividends Paid	-1,619	-1,446	-1,377	-1,470	-1,271
Other Financing Activities	-260.61	272.5	3,677	3,361	1,945
Financing Cash Flow	1,584	3,591	7,009	5,723	2,547
Foreign Exchange Rate Adjustments	-0.1	-0.03	0.05	-0.02	-0.06
Net Cash Flow	1,113	-659.01	1,531	2,606	8.27
Free Cash Flow	-1,026	-4,773	-5,659	597.63	-1,997
Free Cash Flow Margin	-12.92%	-42.98%	-80.11%	9.96%	-31.75%
Free Cash Flow Per Share	-0.40	-1.89	-2.23	0.24	-0.80
Cash Income Tax Paid	1,822	2,449	960.31	1,413	1,102
Levered Free Cash Flow	649.56	-919.51	-3,243	4,298	-6,103
Unlevered Free Cash Flow	649.56	-473.71	-2,822	4,651	-5,743
Change in Working Capital	-3,320	-8,269	-8,379	-2,070	-4,469

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.