SHA:600854 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	119.38	133.34	148.1	122.86	99.23	39.84
Depreciation & Amortization	25.55	25.55	26.28	27.83	30.25	27.69
Other Amortization	0.12	0.12	-	-	-	-
Loss (Gain) From Sale of Assets	-0.23	-0.23	-1.13	-0.04	0.47	-0.01
Asset Writedown & Restructuring Costs	0.45	0.45	-0.22	-0.06	4.26	11.24
Loss (Gain) From Sale of Investments	-127.76	-127.76	-109.35	-47.82	-93.26	-60.26
Provision & Write-off of Bad Debts	0.72	0.72	0.94	-2.04	-1.18	0.43
Other Operating Activities	-13.84	7.07	12.43	13.86	3.38	31.34
Change in Accounts Receivable	9.46	9.46	10.38	119.98	-42.21	-73.21
Change in Inventory	23.88	23.88	25.5	49.64	88.01	73.25
Change in Accounts Payable	-9.15	-9.15	-138.89	-183.65	201.98	58.95
Change in Other Net Operating Assets	-0.55	-0.55	-1.7	-0.73	-0.83	-72.87
Operating Cash Flow	27.68	62.55	-17.82	90.64	295.73	33.22
Operating Cash Flow Growth	-55.81%	-	-	-69.35%	790.31%	-43.71%
Capital Expenditures	-8.58	-13.9	-0.93	-0.7	-0.55	-0.1
Sale of Property, Plant & Equipment	0.17	1.23	12.34	0.13	4.08	3.92
Other Investing Activities	142.13	121.54	96.98	40.57	90.79	65.11
Investing Cash Flow	133.72	108.87	108.39	40.01	94.33	68.94
Long-Term Debt Repaid	-	-0.75	-0.75	-2.25	-3.75	-
Total Debt Repaid	-0.75	-0.75	-0.75	-2.25	-3.75	-
Net Debt Issued (Repaid)	-0.75	-0.75	-0.75	-2.25	-3.75	-
Common Dividends Paid	-62.34	-72.72	-59.74	-49.35	-19.74	-20.78
Other Financing Activities	-1.61	-5.94	-10.51	-3.34	-4.95	-4.67
Financing Cash Flow	-64.69	-79.41	-71	-54.94	-28.44	-25.45
Net Cash Flow	96.71	92.01	19.57	75.71	361.61	76.7
Free Cash Flow	19.1	48.64	-18.75	89.94	295.18	33.12
Free Cash Flow Growth	-64.61%	-	-	-69.53%	791.24%	-43.83%
Free Cash Flow Margin	19.72%	52.88%	-10.84%	31.91%	125.15%	12.97%
Free Cash Flow Per Share	0.04	0.09	-0.04	0.17	0.57	0.06
Cash Income Tax Paid	22.49	21.24	31.78	32.76	52.94	32.17
Levered Free Cash Flow	23.92	24.47	-44.57	68.57	304.8	36.79
Unlevered Free Cash Flow	23.96	24.5	-44.51	68.57	304.8	36.79
Change in Working Capital	23.31	23.31	-94.86	-23.97	252.57	-17.04

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