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 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	74.67	74.63	69.32	65.4	57.51	36.14
Depreciation & Amortization	44.04	44.04	38.28	34.13	30.74	25.24
Other Amortization	0.28	0.28	0.47	0.65	0.68	0.66
Loss (Gain) From Sale of Assets	-3.31	-3.31	-0.08	-	0.22	-1.1
Asset Writedown & Restructuring Costs	0.15	0.15	-0	0.51	-	0.25
Loss (Gain) From Sale of Investments	0.67	0.67	-	-	-	-19.94
Provision & Write-off of Bad Debts	-0.54	-0.54	1.82	6.44	-1.37	2.6
Other Operating Activities	95.31	56.04	31.7	10.55	11.73	20.08
Change in Accounts Receivable	-110	-110	4.07	-21.33	109.25	-64.32
Change in Inventory	-61.86	-61.86	75.36	-337.99	-480.88	-1.86
Change in Accounts Payable	-12.69	-12.69	-266.61	416.23	246.1	159.53
Change in Other Net Operating Assets	2.18	2.18	0.42	-0	-	-
Operating Cash Flow	30.94	-8.37	-53.48	160.76	-34.91	156.5
Operating Cash Flow Growth	-	-	-	-	-	5703.88%
Capital Expenditures	-23.63	-27.18	-25.68	-42.85	-38.2	-23.94
Sale of Property, Plant & Equipment	5.02	5.24	0.6	0.01	0	3.77
Cash Acquisitions	-	-	-4.88	-	-	-
Divestitures	1.7	1.5	2.5	3	5.8	29.34
Investing Cash Flow	-16.91	-20.44	-27.46	-39.84	-32.4	9.16
Short-Term Debt Issued	-	169.8	115	210	144	30
Total Debt Issued	169.8	169.8	115	210	144	30
Short-Term Debt Repaid	-	-125	-29.9	-324.1	-30	-40
Long-Term Debt Repaid	-	-6.94	-4.09	-9.63	-4.96	-8.37
Total Debt Repaid	-126.74	-131.94	-33.99	-333.73	-34.96	-48.37
Net Debt Issued (Repaid)	43.06	37.86	81.01	-123.73	109.04	-18.37
Common Dividends Paid	-24.68	-24.58	-21.41	-21.45	-13.23	-8.09
Other Financing Activities	-	-	-	-12.5	-30	-1.91
Financing Cash Flow	18.38	13.28	59.61	-157.68	65.82	-28.38
Foreign Exchange Rate Adjustments	-0.14	-0.12	0.26	0.07	0.45	-0.11
Net Cash Flow	32.27	-15.65	-21.07	-36.68	-1.05	137.18
Free Cash Flow	7.31	-35.54	-79.16	117.92	-73.11	132.56
Free Cash Flow Margin	0.72%	-3.71%	-10.26%	16.75%	-11.29%	25.41%
Free Cash Flow Per Share	0.06	-0.29	-0.65	0.97	-0.60	1.10
Cash Income Tax Paid	18.54	28.03	26.18	43.84	2.68	12.88
Levered Free Cash Flow	-33.93	-83.76	8.4	49.94	-85.34	181.89
Unlevered Free Cash Flow	-31.48	-81.31	9.17	52.96	-82.71	183.23
Change in Working Capital	-180.33	-180.33	-194.99	43.09	-134.41	92.57

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