SHA:603131 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	-36.41	12.56	-54.25	-126.57	144.4	121.51
Depreciation & Amortization	39.35	39.35	43.37	47.28	42.84	29.84
Other Amortization	1.83	1.83	0.67	0.57	0.33	0.65
Loss (Gain) From Sale of Assets	-0.62	-0.62	-0.05	0.31	-0.76	0.22
Asset Writedown & Restructuring Costs	-	-	98.27	153.56	1.95	5.29
Loss (Gain) From Sale of Investments	-3.34	-3.34	-13.9	-22.96	-10.55	-2.83
Provision & Write-off of Bad Debts	21.84	21.84	13.64	19.73	9.1	5.41
Other Operating Activities	33.7	25.89	24.85	19.76	31.22	34.03
Change in Accounts Receivable	54.05	54.05	-15.35	36.55	-165.53	-101.94
Change in Inventory	41.66	41.66	-0.43	1.1	-53.4	-58.97
Change in Accounts Payable	7.64	7.64	14.22	-35.38	11.08	134.85
Operating Cash Flow	147.75	188.91	109.12	102.09	5.83	165.39
Operating Cash Flow Growth	-25.50%	73.12%	6.88%	1649.78%	-96.47%	136.63%
Capital Expenditures	-9.06	-12.4	-5.34	-13.44	-44.86	-60.55
Sale of Property, Plant & Equipment	2.3	2.02	0.28	2.63	0.48	1.43
Investment in Securities	-379.3	-375	228.69	-130	-89	-232
Other Investing Activities	13.89	10.27	18.4	11.96	18.61	3.85
Investing Cash Flow	-372.18	-375.11	242.03	-128.85	-114.77	-287.26
Long-Term Debt Issued	-	50	-	100	35.43	438.43
Total Debt Issued	-	50	-	100	35.43	438.43
Long-Term Debt Repaid	-	-10.31	-122.39	-50.84	-80.84	-11.2
Total Debt Repaid	-60.31	-10.31	-122.39	-50.84	-80.84	-11.2
Net Debt Issued (Repaid)	-60.31	39.69	-122.39	49.16	-45.41	427.23
Common Dividends Paid	-13.98	-8.77	-7.21	-11.61	-68.56	-35.94
Other Financing Activities	3.26	-0.64	-0.46	-2.24	0.05	-1.03
Financing Cash Flow	-71.04	30.28	-130.06	35.3	-113.91	390.27
Foreign Exchange Rate Adjustments	7.3	8.21	2.2	5.3	-4.68	-20.46
Net Cash Flow	-288.17	-147.72	223.28	13.85	-227.53	247.94
Free Cash Flow	138.68	176.51	103.78	88.65	-39.03	104.85
Free Cash Flow Growth	-26.00%	70.08%	17.07%	-	-	-
Free Cash Flow Margin	14.06%	16.36%	9.86%	8.94%	-2.98%	9.66%
Free Cash Flow Per Share	0.43	0.56	0.33	0.28	-0.12	0.33
Cash Income Tax Paid	-	-22.82	-15.38	-40.08	-30.12	-18.54
Levered Free Cash Flow	108.24	155.79	69.03	57.69	-90.67	78.92
Unlevered Free Cash Flow	121.33	168.75	82.32	71.26	-77.15	83.97
Change in Working Capital	91.38	91.38	-3.5	10.42	-212.01	-29.12

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