SHA:601606 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	-304.94	-363.28	26.74	79.98	136.48	117.33
Depreciation & Amortization	116.15	116.15	103.62	108.11	95.87	84.69
Other Amortization	2.15	2.15	-	-	-	-
Loss (Gain) From Sale of Assets	-0.41	-0.41	0.2	0.22	-68.75	-0.15
Asset Writedown & Restructuring Costs	41.59	41.59	17.08	0.18	-	-
Loss (Gain) From Sale of Investments	-1.05	-1.05	-2.2	0.02	-1.4	-4.15
Provision & Write-off of Bad Debts	2.78	2.78	37.57	38.64	27.06	21.13
Other Operating Activities	-47.86	10.92	12.07	22.66	23.02	16.9
Change in Accounts Receivable	115.76	115.76	-279.78	-298.24	-283	-338.14
Change in Inventory	116.94	116.94	-24.86	-39	-137.3	22.79
Change in Accounts Payable	191.09	191.09	57.59	14.18	311.04	-23.24
Change in Other Net Operating Assets	-14.83	-14.83	-8.22	-	-	-
Operating Cash Flow	188.45	188.89	-76.55	-57.03	63.75	-101.42
Capital Expenditures	-77.46	-88.77	-111.79	-57.59	-104.07	-100.29
Sale of Property, Plant & Equipment	0.62	0.57	0.58	0.82	53.99	0.7
Investment in Securities	40	40	-140	0.29	30	72.09
Other Investing Activities	-40	1.13	0.01	-	46.55	59
Investing Cash Flow	-76.84	-47.07	-251.2	-56.47	26.47	31.49
Short-Term Debt Issued	-	-	-	20	-	-
Long-Term Debt Issued	-	518.41	476	324.5	313	320
Total Debt Issued	475.59	518.41	476	344.5	313	320
Long-Term Debt Repaid	-	-449.04	-328.56	-391.68	-386.53	-301.43
Net Debt Issued (Repaid)	-9.92	69.37	147.44	-47.18	-73.53	18.57
Common Dividends Paid	-11.63	-18.19	-30.79	-36.53	-48.15	-44.83
Dividends Paid	-11.63	-18.19	-30.79	-36.53	-48.15	-44.83
Other Financing Activities	-	-	126.75	-0.03	29.77	-0.3
Financing Cash Flow	-21.55	51.18	243.39	-83.75	-91.91	-26.55
Net Cash Flow	90.06	193	-84.35	-197.25	-1.69	-96.48
Free Cash Flow	110.99	100.12	-188.33	-114.62	-40.32	-201.71
Free Cash Flow Margin	7.23%	7.00%	-11.66%	-6.69%	-2.38%	-12.72%
Free Cash Flow Per Share	0.13	0.14	-0.28	-0.16	-0.06	-0.28
Cash Income Tax Paid	68.85	73.47	59.1	2.59	24.04	20.74
Levered Free Cash Flow	255.29	281.06	-165.74	-152.87	-23.93	-272.94
Unlevered Free Cash Flow	263.64	290.32	-157.19	-144.97	-16.46	-264.83
Change in Working Capital	380.05	380.05	-271.63	-306.84	-148.53	-337.17

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