SHA:603069 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	-62.13	-60.82	-97.7	-68.97	39.37	-71.79
Depreciation & Amortization	123.42	123.42	146.7	147.55	169.36	168.11
Other Amortization	1.7	1.7	1.03	5.37	5.67	6.57
Loss (Gain) From Sale of Assets	-1.9	-1.9	-7.79	-6.87	-104.97	-1
Asset Writedown & Restructuring Costs	-0.18	-0.18	0.74	-0.11	3.1	0.47
Loss (Gain) From Sale of Investments	-0.67	-0.67	1.37	1.55	1.21	0.16
Provision & Write-off of Bad Debts	3	3	11.24	7.11	8.11	5.77
Other Operating Activities	-47.76	25.08	95.56	25.7	14.08	2.62
Change in Accounts Receivable	57.29	57.29	-139.21	-37.05	-187.76	-85.38
Change in Inventory	51.43	51.43	-14.69	-46.09	21.14	-0.33
Change in Accounts Payable	-54.03	-54.03	-15.59	114.79	-57.58	-51.49
Operating Cash Flow	70.18	144.33	-18.35	142.84	-88.4	-18.36
Operating Cash Flow Growth	40.69%	-	-	-	-	-
Capital Expenditures	-231.19	-225.77	-260.11	-188.98	-217.52	-167.38
Sale of Property, Plant & Equipment	71.73	71.05	4.95	28.9	3.65	3.32
Cash Acquisitions	-	-	-	-	-0.08	-2.44
Divestitures	15.7	15.7	-	-	-0.43	-
Investment in Securities	-4.5	-4.5	-	-9.49	11.82	-15
Other Investing Activities	-	-	-	-	0.01	-
Investing Cash Flow	-148.27	-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	-	-443.91	-88.87	-70.64	-106.53	-2.82
Net Debt Issued (Repaid)	113.59	106.04	221.77	200.13	243.91	97.18
Common Dividends Paid	-29.32	-29.3	-24.29	-20.54	-10.91	-4.94
Other Financing Activities	28.75	20.91	-4.56	-30.97	-29.6	-0.35
Financing Cash Flow	112.2	97.66	192.92	148.62	203.4	91.88
Net Cash Flow	34.11	98.46	-80.6	121.9	-87.56	-107.97
Free Cash Flow	-161.01	-81.44	-278.47	-46.14	-305.92	-185.74
Free Cash Flow Margin	-27.43%	-13.12%	-33.26%	-5.48%	-41.35%	-25.37%
Free Cash Flow Per Share	-0.51	-0.25	-0.88	-0.15	-0.93	-0.59
Cash Income Tax Paid	39.01	27.99	68.38	98.24	55.23	68.28
Levered Free Cash Flow	-93.45	-55.68	-234.28	202.25	-379.79	-233.85
Unlevered Free Cash Flow	-79.39	-41.62	-219.94	215.46	-372.75	-230.83
Change in Working Capital	54.7	54.7	-169.5	31.51	-224.33	-129.28

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