SHA:603088 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	121.79	164.6	159.24	142.72	85.79	67.35
Depreciation & Amortization	20.51	20.51	22.2	22.65	22.52	22.97
Other Amortization	0.8	0.8	0.46	0.47	0.47	0.01
Loss (Gain) From Sale of Assets	0.01	0.01	-0.02	0.78	1.5	0.14
Asset Writedown & Restructuring Costs	-0.09	-0.09	0.02	0.14	0.04	1.52
Loss (Gain) From Sale of Investments	-3.36	-3.36	-5.82	-4.32	-1.54	-0.78
Provision & Write-off of Bad Debts	10.52	10.52	11.88	3.92	5.62	5.52
Other Operating Activities	96.16	13.53	-3.03	0.34	15.95	15.58
Change in Accounts Receivable	-42.4	-42.4	-42.2	-50.29	-97.53	-53.82
Change in Inventory	28.18	28.18	-9.47	-90.59	-60.62	-22.03
Change in Accounts Payable	-77.15	-77.15	26.35	120.65	193.54	80.9
Change in Other Net Operating Assets	4.71	4.71	11.74	8.33	-	0.03
Operating Cash Flow	157.32	117.5	168.01	152.45	166.27	116.55
Operating Cash Flow Growth	11.43%	-30.06%	10.20%	-8.31%	42.67%	171.47%
Capital Expenditures	-13.74	-22.53	-8.27	-43.11	-20.83	-3.56
Sale of Property, Plant & Equipment	-	0.22	0.2	0.75	0.15	0.12
Investment in Securities	3.89	-44.63	-51.43	107.12	-188.57	-42.76
Other Investing Activities	2.72	3.08	5.18	0.7	2.47	0.78
Investing Cash Flow	-132.47	-63.86	-54.32	65.45	-206.77	-45.42
Short-Term Debt Issued	-	-	-	1	48.6	-
Long-Term Debt Issued	-	-	6.24	-	-	-
Total Debt Issued	-	-	6.24	1	48.6	-
Short-Term Debt Repaid	-	-2.84	-18.74	-	-20	-
Long-Term Debt Repaid	-	-0.16	-0.16	-55.52	-0.61	-
Total Debt Repaid	-0.16	-3	-18.9	-55.52	-20.61	-
Net Debt Issued (Repaid)	-0.16	-3	-12.65	-54.52	27.99	-
Issuance of Common Stock	178.08	-	0.23	28.5	-	-
Repurchase of Common Stock	-0.06	-0.06	-	-	-	-
Common Dividends Paid	-127.16	-126.99	-97.04	-57.77	-99.45	-59.58
Other Financing Activities	-2.42	-	-	22.24	20.94	-
Financing Cash Flow	48.28	-130.05	-109.46	-61.55	-50.53	-59.58
Foreign Exchange Rate Adjustments	3.82	0.42	10.76	10.45	-6.37	-14.73
Net Cash Flow	76.95	-75.99	14.99	166.81	-97.39	-3.19
Free Cash Flow	143.58	94.97	159.73	109.34	145.45	112.98
Free Cash Flow Growth	9.63%	-40.54%	46.09%	-24.82%	28.73%	199.64%
Free Cash Flow Margin	18.30%	11.62%	22.54%	16.81%	27.25%	26.57%
Free Cash Flow Per Share	0.31	0.22	0.36	0.25	0.34	0.26
Cash Income Tax Paid	49.47	49.01	47.88	37.35	32.81	20.47
Levered Free Cash Flow	11.46	28.05	113.01	98.16	115.18	72.54
Unlevered Free Cash Flow	11.56	28.09	113.44	99.71	116.16	72.54
Change in Working Capital	-89.01	-89.01	-16.92	-14.25	35.93	4.25

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.