Shanghai Xintonglian Packaging Co., Ltd. (SHA:603022)

SHA:603022 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	60.06	59.51	49.84	51.68	35.13	20.59
Depreciation & Amortization	33.87	37.02	37.32	34.44	30.05	26.05
Other Amortization	1.99	2.84	2.65	3.06	3.57	2.36
Loss (Gain) From Sale of Assets	-11.57	-11.68	-0.29	0.09	-0.27	0.2
Asset Writedown & Restructuring Costs	0.71	0.07	4.62	0.88	0.3	-1.12
Loss (Gain) From Sale of Investments	-3.01	-2.95	-0.51	-0.31	-	-0.42
Provision & Write-off of Bad Debts	8.23	7.66	2.39	0.28	3.53	-
Other Operating Activities	11.32	9.65	9.25	7.84	7.49	2.44
Change in Accounts Receivable	-62.95	-71.98	-62.03	-11.57	-51.66	16.29
Change in Inventory	-33.22	-33.25	-16.27	19.43	-1.71	-21.23
Change in Accounts Payable	25.38	19	48.51	6.36	33.22	-11.67
Change in Other Net Operating Assets	-1.74	-1.74	1.09	-	-	-
Operating Cash Flow	29.98	15.57	72.43	111.46	59.16	33.56
Operating Cash Flow Growth	44.01%	-78.50%	-35.02%	88.41%	76.28%	-24.62%

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	-35.88	-48.25	-49.48	-34.27	-41.77	-39.6
Sale of Property, Plant & Equipment	37.1	37.23	0.67	-	0.08	1.41
Cash Acquisitions	-	-	-	-	-5.1	-
Divestitures	2.3	2.3	1.29	-	-	-
Investment in Securities	0.04	20.76	-	-20	6.66	-375
Other Investing Activities	-0.94	-0.94	0.53	-	-	53.29
Investing Cash Flow	2.61	11.09	-46.99	-54.27	-40.13	-359.89

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
Short-Term Debt Issued	-	50	59	50	59	458
Total Debt Issued	70	50	59	50	59	458
Short-Term Debt Repaid	-	-55	-59	-59	-76.25	-69
Long-Term Debt Repaid	-	-13.26	-12.19	-9.43	-7.07	-4.61
Lease Payments	-13.26	-13.26	-12.19	-9.43	-7.07	-4.61
Total Debt Repaid	-68.26	-68.26	-71.19	-68.43	-83.33	-73.61
Net Debt Issued (Repaid)	1.74	-18.26	-12.19	-18.43	-24.33	384.39
Issuance of Common Stock	-	-	-	-	4.6	0.5
Common Dividends Paid	-15.22	-16.92	-17.02	-12.87	-1.86	-
Other Financing Activities	-3.44	-	-	-	4.9	-2.73
Financing Cash Flow	-16.92	-35.18	-29.21	-31.3	-16.69	382.16

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	-5.88	2.17	3.67	0.18	6.77	-5.98
Net Cash Flow	9.78	-6.34	-0.11	26.07	9.11	49.85

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	-5.91	-32.68	22.94	77.18	17.38	-6.04
Free Cash Flow Growth	-	-	-70.27%	344.02%	-	-
Free Cash Flow Margin	-0.57%	-3.34%	2.62%	8.94%	2.19%	-0.83%
Free Cash Flow Per Share	-0.03	-0.17	0.12	0.39	0.09	-0.03
Levered Free Cash Flow	-30.51	-43.05	4.59	62.41	373.68	-378.03
Unlevered Free Cash Flow	-30.25	-42.4	5.86	63.62	374.83	-376.33
Free Cash Flow After Leases	-19.17	-45.94	10.75	67.76	10.31	-10.64

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 Interest Paid	-	-	-	-	-	2.73
Cash Income Tax Paid	62.1	63.14	57.47	46.61	32.06	30.77
Change in Working Capital	-71.63	-86.56	-32.85	13.49	-20.63	-16.53

Data Source: S&P Global Market Intelligence Last updated: Aug 27, 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:

Sep 14, 2026

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