Southern Publishing and Media Co.,Ltd. (SHA:601900)

SHA:601900 Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,271	1,043	809.81	1,284	955.15	969.08
Depreciation & Amortization	214.49	214.49	202.71	214.61	194.5	188.4
Other Amortization	56.73	56.73	49.7	50.5	44.89	39.62
Loss (Gain) From Sale of Assets	0.04	0.04	-2.27	-4.6	-3.61	-0.77
Asset Writedown & Restructuring Costs	3.52	3.52	1.41	-130.99	99.59	-125.8
Loss (Gain) From Sale of Investments	-4.47	-4.47	63.97	-55.38	-39.77	-55.46
Provision & Write-off of Bad Debts	37.06	37.06	30.38	22.83	20.89	66.43
Other Operating Activities	132.66	168.87	109.7	123.93	150.45	89.32
Change in Accounts Receivable	-82.83	-82.83	-327.91	6.17	917.42	24.24
Change in Inventory	311.98	311.98	-38.04	65.18	-136.29	-97.08
Change in Accounts Payable	-25.46	-25.46	302.01	151.45	284.74	236.63
Operating Cash Flow	1,907	1,716	1,321	1,587	2,482	1,335
Operating Cash Flow Growth	4.51%	29.84%	-16.77%	-36.05%	85.89%	71.05%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-643.78	-730.3	-687.28	-577.57	-277.65	-459.95
Sale of Property, Plant & Equipment	0.17	0.23	0.56	1.97	2.04	0.89
Cash Acquisitions	0.09	0.09	-	-110.45	-110.5	-16.83
Divestitures	-8.89	-8.89	-	2.35	-	-
Investment in Securities	-299.22	-2,033	187.58	-807.93	54.47	-935.13
Other Investing Activities	86.08	106.88	31.14	19.83	21.73	36.94
Investing Cash Flow	-865.53	-2,665	-468.01	-1,472	-309.92	-1,374

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	405.53	436.26	499.8	169.81	404.4
Long-Term Debt Repaid	-	-868.84	-144.94	-213.27	-61.86	-64.01
Lease Payments	-76.54	-76.54	-77.42	-73.89	-61.86	-64.01
Net Debt Issued (Repaid)	-732.64	-463.3	291.32	286.53	107.94	340.39
Issuance of Common Stock	-	-	-	-	-	5.49
Repurchase of Common Stock	-	-	-	-	-105	-
Common Dividends Paid	-601.91	-524.72	-517.09	-455.11	-565.19	-626.45
Other Financing Activities	38.22	-108.81	-170.05	-96.32	-455.76	160.32
Financing Cash Flow	-1,296	-1,097	-395.81	-264.9	-1,018	-120.25

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	0.06	0.19	0.01	0.09	0.11	-0.08
Net Cash Flow	-254.93	-2,046	457.43	-149.16	1,154	-159.07

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,263	985.24	633.96	1,010	2,205	875.4
Free Cash Flow Growth	11.99%	55.41%	-37.22%	-54.19%	151.84%	95.84%
Free Cash Flow Margin	14.61%	11.41%	6.91%	10.78%	24.33%	10.30%
Free Cash Flow Per Share	1.43	1.11	0.72	1.15	2.49	0.98
Levered Free Cash Flow	734.17	753.45	462.25	632.61	1,459	563.85
Unlevered Free Cash Flow	750.43	765.71	471.37	640.82	1,472	575.62
Free Cash Flow After Leases	1,187	908.69	556.54	936	2,143	811.39

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	223.89	20.38	409.56	151.79	180.5	197.5
Change in Working Capital	196.33	196.33	55.85	82.95	1,060	164.52

Data Source: S&P Global Market Intelligence Last updated: Oct 23, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 29, 2026

Data Sources Report a data error