SHA:603069 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	-61.06	-97.7	-68.97	39.37	-71.79
Depreciation & Amortization	124.21	145.8	147.55	169.36	168.11
Other Amortization	0.91	1.94	5.37	5.67	6.57
Loss (Gain) From Sale of Assets	-1.9	-7.79	-6.87	-104.97	-1
Asset Writedown & Restructuring Costs	2.06	0.74	-0.11	3.1	0.47
Loss (Gain) From Sale of Investments	-1.85	1.37	1.55	1.21	0.16
Provision & Write-off of Bad Debts	-	6.11	7.11	8.11	5.77
Other Operating Activities	27.26	100.69	25.7	14.08	2.62
Change in Accounts Receivable	57.29	-139.21	-37.05	-187.76	-85.38
Change in Inventory	51.43	-14.69	-46.09	21.14	-0.33
Change in Accounts Payable	-54.03	-15.59	114.79	-57.58	-51.49
Operating Cash Flow	144.33	-18.35	142.84	-88.4	-18.36
Capital Expenditures	-225.77	-260.11	-188.98	-217.52	-167.38
Sale of Property, Plant & Equipment	71.05	4.95	28.9	3.65	3.32
Cash Acquisitions	-	-	-	-0.08	-2.44
Divestitures	15.7	-	-	-0.43	-
Investment in Securities	-4.5	-	-9.49	11.82	-15
Other Investing Activities	-	-	-	0.01	-
Investing Cash Flow	-143.52	-255.17	-169.56	-202.56	-181.49
Long-Term Debt Issued	549.96	310.64	270.77	350.44	100
Long-Term Debt Repaid	-442.4	-88.87	-70.64	-106.53	-2.82
Net Debt Issued (Repaid)	107.55	221.77	200.13	243.91	97.18
Common Dividends Paid	-29.3	-24.29	-20.54	-10.91	-4.94
Other Financing Activities	19.4	-4.56	-30.97	-29.6	-0.35
Financing Cash Flow	97.66	192.92	148.62	203.4	91.88
Net Cash Flow	98.46	-80.6	121.9	-87.56	-107.97
Free Cash Flow	-81.44	-278.47	-46.14	-305.92	-185.74
Free Cash Flow Margin	-13.12%	-33.26%	-5.48%	-41.35%	-25.37%
Free Cash Flow Per Share	-0.25	-0.88	-0.15	-0.93	-0.59
Cash Income Tax Paid	27.99	68.38	98.24	55.23	68.28
Levered Free Cash Flow	-70.2	-234.28	202.25	-379.79	-233.85
Unlevered Free Cash Flow	-70.2	-219.94	215.46	-372.75	-230.83
Change in Working Capital	54.7	-169.5	31.51	-224.33	-129.28

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