SHA:603062 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	170.13	210.2	210.86	166.96	260	325.61
Depreciation & Amortization	24.8	24.8	14.92	14.24	14.17	-
Other Amortization	1.82	1.82	1.8	1.04	0.33	-
Loss (Gain) From Sale of Assets	0.33	0.33	0.76	0.31	0.24	-
Loss (Gain) From Sale of Investments	-19.01	-19.01	-22.81	-1.87	-1.77	-
Provision & Write-off of Bad Debts	-32.61	-32.61	41.07	14.02	-14.3	-
Other Operating Activities	-183.35	10.38	5.36	9.9	14.34	-757.02
Change in Accounts Receivable	238.16	238.16	-933.24	-648.47	-291.98	-
Change in Inventory	5.25	5.25	-35.1	-32.42	21.22	-
Change in Accounts Payable	-231.46	-231.46	787.64	430.83	262.06	-
Change in Other Net Operating Assets	6.38	6.38	-2.43	6.67	15.63	-
Operating Cash Flow	-11.16	222.64	55.08	-41.42	283.01	-431.41
Operating Cash Flow Growth	-	304.24%	-	-	-	-
Capital Expenditures	-117.49	-83.8	-130.65	-15.15	-16.06	-39.51
Sale of Property, Plant & Equipment	0.36	0.36	0.85	-	-	2.77
Investment in Securities	151.77	-383.07	383.89	-1,071	5.6	-5.6
Other Investing Activities	17.84	21.12	20.6	0.13	1.77	6.93
Investing Cash Flow	52.48	-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)	70.13	49.15	137.11	-28.02	-33.87	677.11
Issuance of Common Stock	24.4	24.4	-	1,454	-	-
Repurchase of Common Stock	-	-	-70	-	-	-
Common Dividends Paid	-189.08	-188.97	-201.42	-132.36	-149.91	-135.78
Other Financing Activities	-0.21	19.91	12.62	-5.12	44	-66.17
Financing Cash Flow	-94.76	-95.5	-121.7	1,288	-139.78	475.17
Foreign Exchange Rate Adjustments	-0.13	-0.13	-0.01	-0.04	-0.44	-0.1
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	0
Net Cash Flow	-53.57	-318.38	208.06	160.61	134.1	8.25
Free Cash Flow	-128.65	138.84	-75.58	-56.57	266.94	-470.92
Free Cash Flow Margin	-7.81%	8.11%	-3.53%	-4.96%	19.25%	-23.66%
Free Cash Flow Per Share	-1.23	1.31	-0.71	-0.66	3.30	-5.81
Cash Income Tax Paid	132.4	127.32	85.81	74.82	142.18	150.45
Levered Free Cash Flow	-91.1	305.61	-114.14	-76.73	515.64	-165.33
Unlevered Free Cash Flow	-89.42	307.3	-113.07	-75.05	523.58	-150.12
Change in Working Capital	26.72	26.72	-196.89	-246.01	10	-

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