SHA:603032 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	-130.24	-151.07	107.53	162.93	70.72	-8.62
Depreciation & Amortization	37.67	37.67	36.36	35.31	28	18.07
Other Amortization	5.33	5.33	1.76	2.16	1.09	-
Loss (Gain) From Sale of Assets	-0.44	-0.44	-7.93	-0.75	-1.15	0.07
Asset Writedown & Restructuring Costs	164.37	164.37	0.12	0.08	-0	0.14
Loss (Gain) From Sale of Investments	-2.03	-2.03	-6.73	-4.34	-4.55	-11.59
Provision & Write-off of Bad Debts	9.57	9.57	4.81	0.63	1.44	1.38
Other Operating Activities	-45.55	15.53	18.16	8.42	-0.37	-0.11
Change in Accounts Receivable	0.15	0.15	148.16	-174.09	-37.67	1.57
Change in Inventory	22.97	22.97	86.08	-50.51	-33.34	0.02
Change in Accounts Payable	-22.07	-22.07	-105.81	82.59	42.67	-13.56
Change in Other Net Operating Assets	12.47	12.47	68.5	83.47	2.99	0.55
Operating Cash Flow	64.52	104.77	352.17	122.48	60.2	-10.7
Operating Cash Flow Growth	-78.10%	-70.25%	187.53%	103.45%	-	-
Capital Expenditures	-20.3	-36.31	-19.49	-22.42	-14.71	-3.76
Sale of Property, Plant & Equipment	7.14	1.15	11.23	1.52	3.34	0.24
Cash Acquisitions	-61.86	-148.85	-172.53	-145.97	-309.04	-
Investment in Securities	101.61	142.05	-76.14	-97.11	184.1	30.56
Other Investing Activities	-0.1	-	-	-	-	-
Investing Cash Flow	26.49	-41.96	-256.92	-263.98	-136.31	27.04
Long-Term Debt Issued	-	2	43	257.8	-	-
Long-Term Debt Repaid	-	-7.29	-126.56	-28.35	-1	-
Net Debt Issued (Repaid)	-80.74	-5.29	-83.56	229.45	-1	-
Issuance of Common Stock	-	-	-	9.55	82.83	-
Repurchase of Common Stock	-11.32	-11.32	-	-	-	-
Common Dividends Paid	-20.03	-6.65	-9.39	-7.35	-	-
Other Financing Activities	2.5	-3.32	-	4.9	-	-
Financing Cash Flow	-109.58	-26.58	-92.95	236.55	81.83	-
Foreign Exchange Rate Adjustments	0.23	0.08	-	-	-	-
Net Cash Flow	-18.34	36.31	2.3	95.05	5.72	16.33
Free Cash Flow	44.22	68.46	332.68	100.07	45.49	-14.46
Free Cash Flow Growth	-82.21%	-79.42%	232.45%	119.97%	-	-
Free Cash Flow Margin	8.08%	18.80%	59.17%	17.19%	16.77%	-28.12%
Free Cash Flow Per Share	0.19	0.30	1.45	0.44	0.20	-0.06
Cash Income Tax Paid	36.47	15.79	145.51	72.85	36.95	2.34
Levered Free Cash Flow	-45.41	55.59	81.43	43.05	69.7	-2.44
Unlevered Free Cash Flow	-40.61	60.27	87.75	48.22	69.89	-2.44
Change in Working Capital	25.85	25.85	198.09	-81.94	-34.97	-10.06

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