SHA:603136 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	102.49	104.66	147	20.31	51.5	54.88
Depreciation & Amortization	102.27	102.27	117.83	111.06	100.3	71.65
Other Amortization	2.03	2.03	1.15	1.06	0.27	0.28
Loss (Gain) From Sale of Assets	0.11	0.11	1.28	0.03	-4.29	0.03
Asset Writedown & Restructuring Costs	0.56	0.56	0.37	0.58	-	-
Loss (Gain) From Sale of Investments	-0.65	-0.65	-0.24	-1.5	-2.31	-14.02
Provision & Write-off of Bad Debts	-0.17	-0.17	1	0.03	-0.57	0.61
Other Operating Activities	17.65	23.04	26.72	5.97	19.72	27.22
Change in Accounts Receivable	-2.13	-2.13	-18.34	2.32	10.29	-7.65
Change in Inventory	-1.57	-1.57	0.21	1.48	-0.04	-0.73
Change in Accounts Payable	-35.46	-35.46	37.14	-26.2	-38.16	29.5
Operating Cash Flow	184.49	192.05	315.82	113.87	136.99	158.98
Operating Cash Flow Growth	-9.81%	-39.19%	177.36%	-16.88%	-13.83%	-29.37%
Capital Expenditures	-44.46	-60.33	-76.36	-133.48	-161.57	-172.17
Sale of Property, Plant & Equipment	0.09	0.11	0.05	0.25	5.67	0.01
Investment in Securities	-176	-	-9.99	-9.99	-	-
Other Investing Activities	0.65	0.65	0.1	1.47	2.31	14.02
Investing Cash Flow	-219.71	-59.57	-86.2	-141.75	-153.58	-158.15
Short-Term Debt Issued	-	285	70	160	120	456.52
Total Debt Issued	225	285	70	160	120	456.52
Short-Term Debt Repaid	-	-220	-100	-160	-186.33	-115
Long-Term Debt Repaid	-	-10.66	-10.94	-2	-14.18	-
Total Debt Repaid	-350.66	-230.66	-110.94	-162	-200.51	-115
Net Debt Issued (Repaid)	-125.66	54.34	-40.94	-2	-80.51	341.52
Common Dividends Paid	-66.4	-103.53	-2.18	-3.03	-43.18	-85.48
Other Financing Activities	-2.65	-4	-2.8	-2.8	-2.8	-5.04
Financing Cash Flow	-194.71	-53.19	-45.92	-7.83	-126.48	251
Net Cash Flow	-229.93	79.29	183.7	-35.71	-143.07	251.83
Free Cash Flow	140.03	131.72	239.46	-19.61	-24.58	-13.2
Free Cash Flow Growth	-3.59%	-44.99%	-	-	-	-
Free Cash Flow Margin	27.07%	24.57%	38.02%	-5.32%	-5.87%	-3.53%
Free Cash Flow Per Share	0.52	0.49	0.88	-0.07	-0.09	-0.06
Cash Income Tax Paid	68.24	80.72	28.41	19.6	37.5	38.28
Levered Free Cash Flow	124.7	96.29	193.4	-71.71	-39.9	-49.33
Unlevered Free Cash Flow	128.4	100.5	196.83	-68.52	-33.29	-38.72
Change in Working Capital	-39.81	-39.81	20.7	-23.68	-27.63	18.33

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