SHA:603062 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	210.2	210.86	166.96	260	325.61
Depreciation & Amortization	24.8	14.92	14.24	14.17	-
Other Amortization	1.82	1.8	1.04	0.33	-
Loss (Gain) From Sale of Assets	0.33	0.76	0.31	0.24	-
Loss (Gain) From Sale of Investments	-19.01	-22.81	-1.87	-1.77	-
Provision & Write-off of Bad Debts	-32.61	41.07	14.02	-14.3	-
Other Operating Activities	10.38	5.36	9.9	14.34	-757.02
Change in Accounts Receivable	238.16	-933.24	-648.47	-291.98	-
Change in Inventory	5.25	-35.1	-32.42	21.22	-
Change in Accounts Payable	-231.46	787.64	430.83	262.06	-
Change in Other Net Operating Assets	6.38	-2.43	6.67	15.63	-
Operating Cash Flow	222.64	55.08	-41.42	283.01	-431.41
Operating Cash Flow Growth	304.24%	-	-	-	-
Capital Expenditures	-83.8	-130.65	-15.15	-16.06	-39.51
Sale of Property, Plant & Equipment	0.36	0.85	-	-	2.77
Investment in Securities	-383.07	383.89	-1,071	5.6	-5.6
Other Investing Activities	21.12	20.6	0.13	1.77	6.93
Investing Cash Flow	-445.39	274.69	-1,086	-8.69	-35.41
Long-Term Debt Issued	82.33	153.38	61.81	429.37	915.11
Long-Term Debt Repaid	-33.17	-16.27	-89.83	-463.24	-238
Net Debt Issued (Repaid)	49.15	137.11	-28.02	-33.87	677.11
Issuance of Common Stock	24.4	-	1,454	-	-
Repurchase of Common Stock	-	-70	-	-	-
Common Dividends Paid	-188.97	-201.42	-132.36	-149.91	-135.78
Other Financing Activities	19.91	12.62	-5.12	44	-66.17
Financing Cash Flow	-95.5	-121.7	1,288	-139.78	475.17
Foreign Exchange Rate Adjustments	-0.13	-0.01	-0.04	-0.44	-0.1
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	-318.38	208.06	160.61	134.1	8.25
Free Cash Flow	138.84	-75.58	-56.57	266.94	-470.92
Free Cash Flow Margin	8.11%	-3.53%	-4.96%	19.25%	-23.66%
Free Cash Flow Per Share	1.31	-0.71	-0.66	3.30	-5.81
Cash Income Tax Paid	127.32	85.81	74.82	142.18	150.45
Levered Free Cash Flow	305.61	-114.14	-76.73	515.64	-165.33
Unlevered Free Cash Flow	307.3	-113.07	-75.05	523.58	-150.12
Change in Working Capital	26.72	-196.89	-246.01	10	-

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