SHA:601999 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	104.7	105.03	102.18	112.12	75.36	108.77
Depreciation & Amortization	58.68	58.68	66.44	68.28	78.69	84.86
Other Amortization	25.93	25.93	20.43	42.01	38.93	28.45
Loss (Gain) From Sale of Assets	-2.26	-2.26	-6.23	-4.1	-7.48	0.05
Asset Writedown & Restructuring Costs	0.07	0.07	0.08	0.02	0.52	-
Loss (Gain) From Sale of Investments	-2.48	-2.48	-1.27	8.59	-7.59	-3.44
Provision & Write-off of Bad Debts	11.84	11.84	23.57	29.46	9.35	5.68
Other Operating Activities	28.05	26.43	34.55	10.47	25.68	24.87
Change in Accounts Receivable	29.07	29.07	-83.76	33.65	-108.76	4.51
Change in Inventory	146.88	146.88	22.04	29.72	-55.06	-53.1
Change in Accounts Payable	-102.35	-102.35	-50.28	-69.39	76.55	-64.6
Operating Cash Flow	298.24	296.96	152.42	235.77	126.38	135.87
Operating Cash Flow Growth	109.60%	94.82%	-35.35%	86.55%	-6.98%	-7.41%
Capital Expenditures	-21.62	-26.73	-39.16	-14.03	-16.54	-36.69
Sale of Property, Plant & Equipment	0.62	1.42	2.1	0.09	0.27	0.25
Divestitures	-	-	-	-0.8	1.37	-
Investment in Securities	-	-	-	-	40	-41.17
Other Investing Activities	2.58	2.58	1.25	1.42	9.15	1.11
Investing Cash Flow	-18.42	-22.73	-35.81	-13.32	34.24	-76.49
Short-Term Debt Issued	-	93	85	165	60	30
Total Debt Issued	123	93	85	165	60	30
Short-Term Debt Repaid	-	-85	-105	-120	-30	-
Long-Term Debt Repaid	-	-17.96	-24.09	-28.96	-35.44	-
Total Debt Repaid	-131.96	-102.96	-129.09	-148.96	-65.44	-
Net Debt Issued (Repaid)	-8.96	-9.96	-44.09	16.04	-5.44	30
Common Dividends Paid	-36.59	-37.18	-38.36	-25.99	-34.91	-47.44
Other Financing Activities	-2.79	-0.5	-0.01	0.18	-	-35.48
Financing Cash Flow	-48.35	-47.64	-82.46	-9.76	-40.35	-52.92
Foreign Exchange Rate Adjustments	-0.01	-0	-0	-0.01	-0.11	0.48
Net Cash Flow	231.47	226.58	34.15	212.67	120.17	6.94
Free Cash Flow	276.62	270.22	113.26	221.74	109.84	99.18
Free Cash Flow Growth	184.59%	138.58%	-48.92%	101.87%	10.75%	33.76%
Free Cash Flow Margin	13.66%	12.90%	4.67%	9.19%	4.21%	3.46%
Free Cash Flow Per Share	0.51	0.49	0.21	0.40	0.20	0.18
Cash Income Tax Paid	8.48	11.82	74.33	38.4	17.7	24.15
Levered Free Cash Flow	210.52	207.69	28.83	181.09	73.23	25.54
Unlevered Free Cash Flow	214.57	211.75	33.89	187.81	81.75	35.1
Change in Working Capital	73.72	73.72	-87.33	-31.06	-87.09	-113.36

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