SHA:603107 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	189.82	189.45	161.48	129.48	95.29	126.76
Depreciation & Amortization	65.41	65.41	52.96	50.59	-	-
Other Amortization	5.32	5.32	5.39	4.33	-	-
Loss (Gain) From Sale of Assets	-15.58	-15.58	-0.11	0.47	-	-
Asset Writedown & Restructuring Costs	0.5	0.5	0.68	3.63	-	-
Loss (Gain) From Sale of Investments	-11.47	-11.47	-11.27	-12.33	-	-
Provision & Write-off of Bad Debts	9.43	9.43	4.92	3.44	-	-
Other Operating Activities	141.6	37.84	-0.14	6.32	43.19	-26.6
Change in Accounts Receivable	-114.46	-114.46	-157.42	-82.12	-	-
Change in Inventory	-53.43	-53.43	-54.28	-40.1	-	-
Change in Accounts Payable	21.06	21.06	97.52	73.65	-	-
Operating Cash Flow	235.18	131.05	96.4	137.24	138.48	100.17
Operating Cash Flow Growth	514.29%	35.94%	-29.76%	-0.89%	38.25%	-29.11%
Capital Expenditures	-101.41	-169.31	-133.48	-136.47	-73.86	-58.19
Sale of Property, Plant & Equipment	1.18	20.82	1.22	0.82	1.05	1.66
Investment in Securities	-10	-3.9	-	-	-	-
Other Investing Activities	-17.68	19.84	8	16.54	10.01	28.57
Investing Cash Flow	-127.91	-132.55	-124.26	-119.11	-62.8	-27.96
Short-Term Debt Issued	-	-	-	8.06	-	-
Long-Term Debt Issued	-	-	203.89	259.62	167	192.5
Total Debt Issued	10	-	203.89	267.69	167	192.5
Long-Term Debt Repaid	-	-87.9	-290.55	-163.36	-190	-182
Net Debt Issued (Repaid)	-161.37	-87.9	-86.66	104.33	-23	10.5
Issuance of Common Stock	-	-	1,091	-	-	-
Common Dividends Paid	-107.1	-108.78	-48.84	-70.36	-81.81	-83.89
Other Financing Activities	28.51	17.14	-57.11	-	-13.11	1.39
Financing Cash Flow	-239.95	-179.53	898.47	33.97	-117.91	-72.01
Foreign Exchange Rate Adjustments	-8.35	-15.32	6.51	6.65	-2.51	-2.39
Net Cash Flow	-141.03	-196.35	877.12	58.75	-44.74	-2.19
Free Cash Flow	133.77	-38.25	-37.08	0.77	64.62	41.98
Free Cash Flow Growth	-	-	-	-98.80%	53.94%	-58.31%
Free Cash Flow Margin	5.95%	-1.78%	-1.94%	0.05%	4.64%	3.53%
Free Cash Flow Per Share	0.40	-0.11	-0.14	0.00	0.26	0.17
Cash Income Tax Paid	9.66	22.22	32.28	25.28	26.75	23.98
Levered Free Cash Flow	70.34	-142.52	-69.48	-8.33	1.09	-35.05
Unlevered Free Cash Flow	75.49	-136.65	-65.48	-4.4	5.18	-30.38
Change in Working Capital	-149.86	-149.86	-117.5	-48.68	-	-

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