SHA:603022 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	59.51	49.84	51.68	35.13	20.59
Depreciation & Amortization	37.27	37.2	34.44	30.05	26.05
Other Amortization	2.59	2.77	3.06	3.57	2.36
Loss (Gain) From Sale of Assets	-11.68	-0.29	0.09	-0.27	0.2
Asset Writedown & Restructuring Costs	2.56	4.62	0.88	0.3	-1.12
Loss (Gain) From Sale of Investments	-2.95	-0.51	-0.31	-	-0.42
Provision & Write-off of Bad Debts	-	2.04	0.28	3.53	-
Other Operating Activities	14.82	10.12	7.84	7.49	2.44
Change in Accounts Receivable	-71.98	-62.15	-11.57	-51.66	16.29
Change in Inventory	-33.25	-16.27	19.43	-1.71	-21.23
Change in Accounts Payable	19	48.11	6.36	33.22	-11.67
Change in Other Net Operating Assets	-1.74	1.09	-	-	-
Operating Cash Flow	15.57	72.43	111.46	59.16	33.56
Operating Cash Flow Growth	-78.50%	-35.02%	88.41%	76.28%	-24.62%
Capital Expenditures	-48.25	-49.48	-34.27	-41.77	-39.6
Sale of Property, Plant & Equipment	37.23	0.67	-	0.08	1.41
Cash Acquisitions	-	-	-	-5.1	-
Investment in Securities	20.76	-	-20	6.66	-375
Other Investing Activities	1.36	1.82	-	-	53.29
Investing Cash Flow	11.09	-46.99	-54.27	-40.13	-359.89
Short-Term Debt Issued	-	59	50	59	458
Long-Term Debt Issued	50	-	-	-	-
Total Debt Issued	50	59	50	59	458
Short-Term Debt Repaid	-	-59	-59	-76.25	-69
Long-Term Debt Repaid	-50	-12.19	-9.43	-7.07	-4.61
Total Debt Repaid	-50	-71.19	-68.43	-83.33	-73.61
Net Debt Issued (Repaid)	-	-12.19	-18.43	-24.33	384.39
Issuance of Common Stock	-	-	-	4.6	0.5
Common Dividends Paid	-16.92	-17.02	-12.87	-1.86	-
Other Financing Activities	-18.26	-	-	4.9	-2.73
Financing Cash Flow	-35.18	-29.21	-31.3	-16.69	382.16
Foreign Exchange Rate Adjustments	2.17	3.67	0.18	6.77	-5.98
Net Cash Flow	-6.34	-0.11	26.07	9.11	49.85
Free Cash Flow	-32.68	22.94	77.18	17.38	-6.04
Free Cash Flow Growth	-	-70.27%	344.02%	-	-
Free Cash Flow Margin	-3.34%	2.62%	8.94%	2.19%	-0.83%
Free Cash Flow Per Share	-0.17	0.12	0.39	0.09	-0.03
Cash Interest Paid	-	-	-	-	2.73
Cash Income Tax Paid	63.14	57.47	46.61	32.06	30.77
Levered Free Cash Flow	-32.38	4.81	62.41	373.68	-378.03
Unlevered Free Cash Flow	-32.38	6.08	63.62	374.83	-376.33
Change in Working Capital	-86.56	-33.37	13.49	-20.63	-16.53

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