SHA:603072 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	149.36	136.09	168.81	222.84	143.04	132.55
Depreciation & Amortization	64.48	64.48	61	49.31	39.65	30.32
Other Amortization	2.67	2.67	1.6	1.92	1.27	0.42
Loss (Gain) From Sale of Assets	3.54	3.54	0.17	-0.14	0.01	0.15
Asset Writedown & Restructuring Costs	5.49	5.49	2.96	31.56	6.4	3.23
Loss (Gain) From Sale of Investments	-	-	-	0.24	-	-0.34
Provision & Write-off of Bad Debts	-0.64	-0.64	-1.19	-	-	-
Other Operating Activities	-169.63	24.89	41.2	33.37	14.31	5.54
Change in Accounts Receivable	349.71	349.71	-385.31	-12.98	-85.19	-128.9
Change in Inventory	-10.5	-10.5	-23.54	-583.85	-227.24	-126.82
Change in Accounts Payable	-264.66	-264.66	377.15	-263.53	90.96	138.5
Operating Cash Flow	125.21	306.46	242.27	-526.85	-19.72	53.86
Operating Cash Flow Growth	-2.68%	26.50%	-	-	-	-43.82%
Capital Expenditures	-44.48	-19.52	-58.19	-24.66	-40.03	-
Sale of Property, Plant & Equipment	0.03	0.1	0.12	0.64	-	0
Cash Acquisitions	-	-	-	-	-	-75.63
Investment in Securities	-	-	-3.89	-	-	126
Other Investing Activities	4	-	-	-	-	-126.66
Investing Cash Flow	-40.45	-19.42	-61.97	-24.02	-40.03	-76.29
Long-Term Debt Issued	-	800.61	299.8	989.4	263.26	100.78
Long-Term Debt Repaid	-	-1,070	-471.82	-315.91	-192.68	-118.75
Net Debt Issued (Repaid)	-352.26	-269.25	-172.03	673.49	70.59	-17.97
Issuance of Common Stock	754.77	754.77	-	-	-	59.95
Common Dividends Paid	-52.45	-24.9	-42.8	-32.6	-15.08	-8.66
Other Financing Activities	-14.95	2.27	-3.6	-2.13	-3.12	-2.07
Financing Cash Flow	335.11	462.9	-218.42	638.75	52.39	31.24
Foreign Exchange Rate Adjustments	0.25	-0.18	-0.01	0.01	-0.09	-0.01
Net Cash Flow	420.12	749.77	-38.13	87.9	-7.46	8.8
Free Cash Flow	80.73	286.94	184.08	-551.5	-59.76	53.86
Free Cash Flow Growth	-20.15%	55.88%	-	-	-	-43.82%
Free Cash Flow Margin	3.57%	11.08%	6.94%	-19.12%	-3.27%	4.74%
Free Cash Flow Per Share	0.32	1.46	0.93	-2.77	-0.30	0.27
Cash Income Tax Paid	-	-100.94	-89.22	-82.59	-29.57	-8.79
Levered Free Cash Flow	12.08	-11.24	390.33	-700.33	-76.89	90.55
Unlevered Free Cash Flow	20.85	4.21	416.07	-679.47	-67.95	94.01
Change in Working Capital	69.95	69.95	-32.28	-865.94	-224.4	-118.01

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