SHA:603029 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	81.2	69.32	65.4	57.51	36.14	13.67
Depreciation & Amortization	38.22	38.22	34.13	30.74	25.24	21.84
Other Amortization	0.53	0.53	0.65	0.68	0.66	2.26
Loss (Gain) From Sale of Assets	-0.08	-0.08	-	0.22	-1.1	0.03
Asset Writedown & Restructuring Costs	-0	-0	0.51	-	0.25	0.1
Loss (Gain) From Sale of Investments	-	-	-	-	-19.94	-
Provision & Write-off of Bad Debts	1.82	1.82	6.44	-1.37	2.6	24.23
Other Operating Activities	81.51	31.7	10.55	11.73	20.08	-11.81
Change in Accounts Receivable	4.07	4.07	-21.33	109.25	-64.32	50.08
Change in Inventory	75.36	75.36	-337.99	-480.88	-1.86	-100.65
Change in Accounts Payable	-266.61	-266.61	416.23	246.1	159.53	14.54
Change in Other Net Operating Assets	0.42	0.42	-0	-	-	-
Operating Cash Flow	8.21	-53.48	160.76	-34.91	156.5	2.7
Operating Cash Flow Growth	-	-	-	-	5703.88%	-97.45%
Capital Expenditures	-20.67	-25.68	-42.85	-38.2	-23.94	-15.42
Sale of Property, Plant & Equipment	5.29	0.6	0.01	0	3.77	0.02
Cash Acquisitions	-	-4.88	-	-	-	-
Divestitures	2.1	2.5	3	5.8	29.34	52.73
Investing Cash Flow	-13.28	-27.46	-39.84	-32.4	9.16	37.33
Short-Term Debt Issued	-	115	210	144	30	55.89
Total Debt Issued	187.17	115	210	144	30	55.89
Short-Term Debt Repaid	-	-29.9	-324.1	-30	-40	-40
Long-Term Debt Repaid	-	-4.09	-9.63	-4.96	-8.37	-
Total Debt Repaid	-69.09	-33.99	-333.73	-34.96	-48.37	-40
Net Debt Issued (Repaid)	118.08	81.01	-123.73	109.04	-18.37	15.89
Common Dividends Paid	-23.81	-21.41	-21.45	-13.23	-8.09	-11.14
Other Financing Activities	4.12	-	-12.5	-30	-1.91	-12
Financing Cash Flow	98.39	59.61	-157.68	65.82	-28.38	-7.25
Foreign Exchange Rate Adjustments	0.17	0.26	0.07	0.45	-0.11	-0.29
Net Cash Flow	93.49	-21.07	-36.68	-1.05	137.18	32.48
Free Cash Flow	-12.47	-79.16	117.92	-73.11	132.56	-12.73
Free Cash Flow Margin	-1.31%	-10.26%	16.75%	-11.29%	25.41%	-2.84%
Free Cash Flow Per Share	-0.10	-0.65	0.97	-0.60	1.10	-0.11
Cash Income Tax Paid	31.45	26.18	43.84	2.68	12.88	12.55
Levered Free Cash Flow	-28.37	8.4	49.94	-85.34	181.89	-122.14
Unlevered Free Cash Flow	-26.33	9.17	52.96	-82.71	183.23	-120.96
Change in Working Capital	-194.99	-194.99	43.09	-134.41	92.57	-47.63

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