SHA:603050 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	257.88	177.84	299.08	114.43	88.61
Depreciation & Amortization	66.48	62.66	57.46	46.13	34.78
Other Amortization	0.42	1.08	0.5	0.32	0.27
Loss (Gain) From Sale of Assets	-0.07	-6.97	-33.86	-0.33	-52.71
Asset Writedown & Restructuring Costs	9.03	2.7	-2.2	8.29	0.01
Loss (Gain) From Sale of Investments	-3.79	-1.67	-0.27	-0.34	-0.17
Provision & Write-off of Bad Debts	-	83.83	84.08	70.19	37.93
Other Operating Activities	-11.28	70.63	57.99	45.48	27.36
Change in Accounts Receivable	-38.76	-436.88	-737.2	-702.16	-176.25
Change in Inventory	354.26	57.46	213.58	-237.13	-380.69
Change in Accounts Payable	-10.97	108.63	489.77	354.76	273.97
Change in Other Net Operating Assets	-0.09	-	-	-	-
Operating Cash Flow	626.57	98.44	417.18	-314.56	-155.06
Operating Cash Flow Growth	536.49%	-76.40%	-	-	-
Capital Expenditures	-46.53	-57.87	-102.65	-141.03	-202.71
Sale of Property, Plant & Equipment	6.08	15.85	50.39	2.38	83.24
Investment in Securities	0.85	18.61	-	-1.51	-0.22
Other Investing Activities	-0.32	-7.99	-13.48	57.24	-2.13
Investing Cash Flow	-39.91	-31.4	-65.75	-82.93	-121.82
Long-Term Debt Issued	707.91	411.68	443.77	1,110	242.1
Long-Term Debt Repaid	-1,169	-713.28	-441.42	-495.65	-0.92
Net Debt Issued (Repaid)	-460.94	-301.6	2.35	614.35	241.18
Issuance of Common Stock	-	-	-	6.94	-
Common Dividends Paid	-70.2	-127.03	-131.57	-71.83	-52.62
Other Financing Activities	57.65	-55.96	-42.96	-5.26	-9.19
Financing Cash Flow	-473.49	-484.6	-172.19	544.2	179.37
Foreign Exchange Rate Adjustments	0.08	0.35	0.4	1.23	-0.31
Net Cash Flow	113.25	-417.21	179.65	147.95	-97.82
Free Cash Flow	580.05	40.57	314.53	-455.59	-357.77
Free Cash Flow Growth	1329.72%	-87.10%	-	-	-
Free Cash Flow Margin	13.22%	0.99%	8.06%	-17.37%	-17.54%
Free Cash Flow Per Share	1.44	0.10	0.78	-1.12	-0.89
Cash Income Tax Paid	149.75	178.8	162.32	99.09	76.28
Levered Free Cash Flow	526.43	-70.43	58.04	-384.55	-491.9
Unlevered Free Cash Flow	526.43	-46.36	88.33	-360.48	-485.27
Change in Working Capital	307.9	-291.67	-45.6	-598.73	-291.14

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