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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,078	1,043	809.81	1,284	955.15	969.08
Depreciation & Amortization	245.53	214.49	202.71	214.61	194.5	188.4
Other Amortization	58.6	56.73	49.7	50.5	44.89	39.62
Loss (Gain) From Sale of Assets	-0.9	0.04	-2.27	-4.6	-3.61	-0.77
Asset Writedown & Restructuring Costs	-27.59	3.52	1.41	-130.99	99.59	-125.8
Loss (Gain) From Sale of Investments	21.17	-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	198.24	168.87	109.7	123.93	150.45	89.32
Change in Accounts Receivable	-254.94	-82.83	-327.91	6.17	917.42	24.24
Change in Inventory	147.95	311.98	-38.04	65.18	-136.29	-97.08
Change in Accounts Payable	401.66	-25.46	302.01	151.45	284.74	236.63
Operating Cash Flow	1,898	1,716	1,321	1,587	2,482	1,335
Operating Cash Flow Growth	52.30%	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-630.84	-730.3	-687.28	-577.57	-277.65	-459.95
Sale of Property, Plant & Equipment	0.22	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	-59.12	-2,033	187.58	-807.93	54.47	-935.13
Other Investing Activities	143.98	106.88	31.14	19.83	21.73	36.94
Investing Cash Flow	-554.55	-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	Jun 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
Net Debt Issued (Repaid)	-714.69	-463.3	291.32	286.53	107.94	340.39
Issuance of Common Stock	-	-	-	-	-	5.49
Repurchase of Common Stock	-	-	-	-	-105	-
Common Dividends Paid	-516.09	-524.72	-517.09	-455.11	-565.19	-626.45
Other Financing Activities	-56.24	-108.81	-170.05	-96.32	-455.76	160.32
Financing Cash Flow	-1,287	-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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	0.11	0.19	0.01	0.09	0.11	-0.08
Net Cash Flow	56.38	-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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,267	985.24	633.96	1,010	2,205	875.4
Free Cash Flow Growth	133.82%	55.41%	-37.22%	-54.19%	151.84%	95.84%
Free Cash Flow Margin	14.99%	11.41%	6.91%	10.78%	24.33%	10.30%
Free Cash Flow Per Share	1.44	1.11	0.72	1.15	2.49	0.98
Levered Free Cash Flow	558.61	753.45	462.25	632.61	1,459	563.85
Unlevered Free Cash Flow	570.87	765.71	471.37	640.82	1,472	575.62

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	35.53	20.38	409.56	151.79	180.5	197.5
Change in Working Capital	287.34	196.33	55.85	82.95	1,060	164.52

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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:

Aug 26, 2026

Data Sources Report a data error