SHA:603095 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	85.38	98.55	48.44	450.1	323.94
Depreciation & Amortization	48.49	47.79	44.32	36.09	15.2
Other Amortization	0.31	0.94	0.39	0.4	0.39
Loss (Gain) From Sale of Assets	0.02	0.02	-0.29	-308.18	-108.9
Asset Writedown & Restructuring Costs	-0.04	0.21	0.01	0.02	0
Loss (Gain) From Sale of Investments	-14.04	1.15	18.63	-11.65	-22.44
Provision & Write-off of Bad Debts	-	11.11	-0.68	1.12	2.64
Other Operating Activities	4.34	2.77	3.77	1.42	3.63
Change in Accounts Receivable	103.02	-324.9	57.22	63.45	-99.57
Change in Inventory	38.31	-30.49	9.32	22.23	-52.8
Change in Accounts Payable	-254.75	294.99	-29.35	-271.56	267.78
Change in Other Net Operating Assets	-	-	-	0.06	-
Operating Cash Flow	11.8	101.81	151.78	-17.68	329.5
Operating Cash Flow Growth	-88.41%	-32.92%	-	-	178.04%
Capital Expenditures	-12.6	-7.64	-57.76	-181.2	-342.53
Sale of Property, Plant & Equipment	0.28	0.03	0.4	3.13	4.49
Investment in Securities	-40.98	-716.65	77.38	528.43	-4,638
Other Investing Activities	13.13	1.25	1.85	267.72	5,168
Investing Cash Flow	-40.18	-723.01	21.86	618.08	191.49
Short-Term Debt Issued	-	-	-	-	130
Long-Term Debt Issued	70.5	40	96	170	-
Total Debt Issued	70.5	40	96	170	130
Short-Term Debt Repaid	-	-	-	-	-111.97
Long-Term Debt Repaid	-93.85	-66.24	-76.21	-170.16	-
Total Debt Repaid	-93.85	-66.24	-76.21	-170.16	-111.97
Net Debt Issued (Repaid)	-23.35	-26.24	19.79	-0.16	18.03
Repurchase of Common Stock	-	-15.01	-	-	-
Common Dividends Paid	-225.39	-103.96	-123.86	-108.31	-68.57
Other Financing Activities	-	-	0.11	0.16	0.36
Financing Cash Flow	-248.74	-145.22	-103.96	-108.32	-50.19
Foreign Exchange Rate Adjustments	-0.08	0.22	0.48	0.46	-0.27
Net Cash Flow	-277.2	-766.19	70.16	492.54	470.53
Free Cash Flow	-0.8	94.17	94.02	-198.88	-13.03
Free Cash Flow Growth	-	0.16%	-	-	-
Free Cash Flow Margin	-0.08%	7.27%	13.23%	-15.73%	-0.84%
Free Cash Flow Per Share	-0.00	0.36	0.36	-0.77	-0.05
Cash Income Tax Paid	47.2	42.13	63.32	75.92	67.47
Levered Free Cash Flow	-72.59	33.05	18.26	-349.66	3.78
Unlevered Free Cash Flow	-72.59	34.69	19.79	-347.97	5.4
Change in Working Capital	-112.66	-60.72	37.2	-187	115.04

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