SHA:603053 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	468.83	481.21	488.75	526.13	491.55	488.77
Depreciation & Amortization	257.05	257.05	251.9	271.33	228.61	218.21
Other Amortization	6.88	6.88	7.16	10.68	10.67	5.59
Loss (Gain) on Sale of Assets	7.38	7.38	-0.24	-3.3	0.1	0.98
Loss (Gain) on Sale of Investments	-27.94	-27.94	-76.68	-90.42	-109.98	-92.31
Asset Writedown	0.45	0.45	0.02	-1.55	0.94	-
Change in Accounts Receivable	97.96	97.96	27.19	-66.54	-4.34	-91.36
Change in Inventory	23.38	23.38	2.26	22.42	-1	-6.07
Change in Accounts Payable	-219.94	-219.94	-72.68	609.43	53.39	91.54
Change in Other Net Operating Assets	-	-	-	2.53	4.25	2.33
Other Operating Activities	-48.43	25.03	35.74	37.1	33.25	16.85
Operating Cash Flow	562.46	648.3	656.37	1,314	715.37	649.12
Operating Cash Flow Growth	-27.73%	-1.23%	-50.06%	83.73%	10.21%	34.45%
Capital Expenditures	-89.42	-95.43	-130.72	-258.8	-170.55	-261.07
Sale of Property, Plant & Equipment	0.97	0.93	0.96	0.5	0.16	0.07
Cash Acquisitions	-	-	-84.75	-	-60.9	-46
Investment in Securities	289.34	-40.84	-378	-782	-252	-41.5
Other Investing Activities	-574.61	42.23	53.77	53.52	140.89	45.76
Investing Cash Flow	-373.72	-93.12	-538.74	-986.77	-342.4	-302.74
Long-Term Debt Repaid	-	-1.73	-20.7	-2.5	-2.18	-227.47
Net Debt Issued (Repaid)	-1.36	-1.73	-20.7	-2.5	-2.18	-227.47
Common Dividends Paid	-268.36	-266.67	-268.61	-298.02	-294.11	-242.28
Other Financing Activities	-26.96	-26.57	-33.62	-3.3	-3.8	-
Financing Cash Flow	-296.68	-294.97	-322.93	-303.81	-300.09	-469.75
Net Cash Flow	-107.93	260.21	-205.31	23.81	72.89	-123.37
Free Cash Flow	473.04	552.87	525.65	1,056	544.82	388.05
Free Cash Flow Growth	-27.97%	5.18%	-50.20%	93.75%	40.40%	27.52%
Free Cash Flow Margin	8.94%	10.33%	9.97%	20.41%	11.27%	8.86%
Free Cash Flow Per Share	0.53	0.62	0.59	1.18	0.61	0.44
Cash Income Tax Paid	220.62	220.62	239.32	229.27	167.43	188.66
Levered Free Cash Flow	279.72	454.72	312.34	912.87	568.16	126.63
Unlevered Free Cash Flow	280.68	455.25	313.92	916.03	569.81	127.67
Change in Working Capital	-101.53	-101.53	-50.75	563.19	57.18	7.44

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