SHA:603048 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	Mar '25 Mar 31, 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	49.26	53.36	45.86	20.89	99.08	120.28
Depreciation & Amortization	73.47	73.47	56.44	50.27	43.74	40.42
Other Amortization	1.17	1.17	0.09	0.04	-	-
Loss (Gain) From Sale of Assets	-0.05	-0.05	-0.01	0.12	0.1	0.28
Asset Writedown & Restructuring Costs	0.09	0.09	0.71	11.59	-2.22	0.1
Loss (Gain) From Sale of Investments	-12.16	-12.16	-6.28	-5.51	0.44	-0.02
Provision & Write-off of Bad Debts	-0.38	-0.38	1.75	-	-	-
Other Operating Activities	-27.75	15.32	19.64	4.41	8.64	10.93
Change in Accounts Receivable	29.77	29.77	-158.61	27.77	-55.09	-53.26
Change in Inventory	-19.97	-19.97	-1.38	-2.3	-72.91	-14.88
Change in Accounts Payable	-28.19	-28.19	129.02	-7.7	75.42	28.67
Operating Cash Flow	65.72	112.89	90.95	97.4	100.16	135.54
Operating Cash Flow Growth	-37.95%	24.13%	-6.62%	-2.76%	-26.10%	-
Capital Expenditures	-62.33	-46.54	-102.09	-215.4	-103.26	-30.87
Sale of Property, Plant & Equipment	0.24	0.36	0.01	0.23	1.71	0.39
Investment in Securities	0.16	-2.33	-2.23	188.33	-245	-
Other Investing Activities	-19.93	-	1.11	4.85	4.68	-3.1
Investing Cash Flow	-81.87	-48.5	-98.2	-27	-341.87	-33.58
Short-Term Debt Issued	-	70	96	149	198.97	-
Long-Term Debt Issued	-	-	-	-	-	155.77
Total Debt Issued	99.97	70	96	149	198.97	155.77
Short-Term Debt Repaid	-	-113	-165.99	-42.51	-368.24	-
Long-Term Debt Repaid	-	-1.22	-0.76	-0.7	-0.12	-175.87
Total Debt Repaid	-109.22	-114.22	-166.75	-43.21	-368.36	-175.87
Net Debt Issued (Repaid)	-9.25	-44.22	-70.75	105.79	-169.39	-20.1
Issuance of Common Stock	-	-	-	-	592.3	-
Repurchase of Common Stock	-10	-10	-	-	-	-
Common Dividends Paid	-62.66	-63.16	-34.41	-35.11	-29.35	-23.16
Other Financing Activities	3.42	1.02	-	-4.83	-25.43	-16
Financing Cash Flow	-78.5	-116.37	-105.16	65.85	368.13	-59.26
Foreign Exchange Rate Adjustments	0.4	-0.99	0.45	0.34	0.29	-0.06
Net Cash Flow	-94.25	-52.97	-111.96	136.59	126.7	42.64
Free Cash Flow	3.39	66.35	-11.14	-118	-3.1	104.67
Free Cash Flow Margin	0.52%	10.29%	-1.82%	-22.78%	-0.52%	18.95%
Free Cash Flow Per Share	0.02	0.45	-0.07	-0.79	-0.03	0.95
Cash Income Tax Paid	41.5	41.64	34.8	8.7	43.11	59.74
Levered Free Cash Flow	-13.16	61.4	-22.49	-120.14	-24.3	-
Unlevered Free Cash Flow	-12.34	62.54	-20.38	-116.9	-18.6	-
Change in Net Working Capital	43.19	-10.82	-3.02	-42.01	28.51	-

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