SHA:603102 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	121.6	139.31	169.07	137.84	148.04	127.12
Depreciation & Amortization	40.61	40.61	37.56	33.12	23.76	21.41
Other Amortization	0.56	0.56	-	-	-	-
Loss (Gain) From Sale of Assets	-0.14	-0.14	-0.06	-0.27	0	-
Asset Writedown & Restructuring Costs	0.01	0.01	0.34	5.66	4.22	3.52
Loss (Gain) From Sale of Investments	-1.26	-1.26	-1.11	-0.42	-	-0.44
Provision & Write-off of Bad Debts	1.26	1.26	0.14	0.37	1	0.9
Other Operating Activities	51.47	-11.59	-9.8	-15.11	-0.41	0.53
Change in Accounts Receivable	-52.14	-52.14	-8.93	-22.86	-10.4	-23.47
Change in Inventory	6.4	6.4	16.92	-41	-31.59	2.36
Change in Accounts Payable	4.31	4.31	-10.19	55.82	34.21	17.19
Operating Cash Flow	173	127.65	193.85	152.91	169.15	150
Operating Cash Flow Growth	13.64%	-34.15%	26.78%	-9.60%	12.77%	23.60%
Capital Expenditures	-74.96	-94.92	-96.52	-51.54	-124.55	-33.97
Sale of Property, Plant & Equipment	0.29	0.28	0.25	0.61	0	-
Cash Acquisitions	-58.41	-	-	-	-	-
Divestitures	-	-	0.09	0.08	-	-
Other Investing Activities	15.91	14.75	15.5	8.91	1.71	1.51
Investing Cash Flow	-117.17	-79.89	-80.68	-41.95	-122.83	-32.46
Long-Term Debt Repaid	-	-2.18	-1.37	-2.62	-1.29	-
Net Debt Issued (Repaid)	-2.18	-2.18	-1.37	-2.62	-1.29	-
Issuance of Common Stock	-	-	-	616.06	-	-
Repurchase of Common Stock	-0.61	-0.61	-38.25	-	-	-
Common Dividends Paid	-45.94	-47.23	-38.4	-32	-14.4	-23.52
Other Financing Activities	-25.54	-	-	-13.56	-	-
Financing Cash Flow	-74.26	-50.02	-78.02	567.87	-15.69	-23.52
Foreign Exchange Rate Adjustments	0.16	1.26	0.79	6.67	-1.15	-1.27
Net Cash Flow	-18.27	-1	35.95	685.5	29.48	92.75
Free Cash Flow	98.04	32.73	97.33	101.36	44.6	116.03
Free Cash Flow Growth	27.11%	-66.37%	-3.98%	127.25%	-61.56%	14.65%
Free Cash Flow Margin	11.67%	4.08%	11.17%	13.98%	6.74%	20.06%
Free Cash Flow Per Share	1.56	0.51	1.52	1.62	0.93	2.42
Cash Income Tax Paid	58.38	58.8	64.38	41.51	55.42	46.76
Levered Free Cash Flow	35.5	-5.71	50.33	52.33	14.38	53.02
Unlevered Free Cash Flow	35.58	-5.66	50.39	52.41	14.48	53.02
Change in Working Capital	-41.11	-41.11	-2.28	-8.29	-7.45	-3.04

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