SHA:603155 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	94.16	114.36	123.44	301.72	319.44	157.34
Depreciation & Amortization	47.95	47.95	47.01	38.11	24.83	23.81
Other Amortization	0.21	0.21	-	-	-	-
Loss (Gain) From Sale of Assets	-0.04	-0.04	0.07	0.13	-0.97	-5.25
Asset Writedown & Restructuring Costs	-	-	-	-	-0	0.02
Loss (Gain) From Sale of Investments	-26.04	-26.04	-37.89	-37.95	-41.94	-5.91
Provision & Write-off of Bad Debts	1.93	1.93	-0.23	-2.38	3.95	0.48
Other Operating Activities	-90.93	-0.07	8.27	-14.32	0.09	-0.03
Change in Accounts Receivable	0.55	0.55	58.8	18.13	-188.88	-81.75
Change in Inventory	21.45	21.45	10.07	2.28	-97.58	-6.09
Change in Accounts Payable	12.95	12.95	-27.44	-3.65	171.57	69.53
Change in Other Net Operating Assets	-2.4	-2.4	3.23	-	-	-
Operating Cash Flow	57.69	168.74	177.68	299.99	190.47	153.57
Operating Cash Flow Growth	-50.85%	-5.03%	-40.77%	57.50%	24.02%	-27.85%
Capital Expenditures	-19.43	-18.09	-50.71	-230.34	-87.59	-63.32
Sale of Property, Plant & Equipment	83.32	0.06	0.23	0.32	-	10.6
Investment in Securities	5.99	-156.69	-55.22	184.2	-199	-1,160
Other Investing Activities	19.93	35.52	38.66	40.68	41.61	5.91
Investing Cash Flow	89.81	-139.19	-67.04	-5.14	-244.98	-1,207
Short-Term Debt Issued	-	36.53	-	13.3	-	-
Total Debt Issued	-	36.53	-	13.3	-	-
Short-Term Debt Repaid	-	-36.54	-13.3	-	-	-
Total Debt Repaid	-0.01	-36.54	-13.3	-	-	-
Net Debt Issued (Repaid)	-0.01	-0.01	-13.3	13.3	-	-
Issuance of Common Stock	-	-	-	-	-	1,200
Common Dividends Paid	-268.42	-95.26	-225.73	-155.78	-85.56	-56
Dividends Paid	-268.42	-95.26	-225.73	-155.78	-85.56	-56
Other Financing Activities	-	-	-	30	-	-
Financing Cash Flow	-268.43	-95.27	-239.03	-112.48	-85.56	1,144
Foreign Exchange Rate Adjustments	23.04	15.11	7.14	14	-4.88	-7.35
Net Cash Flow	-97.9	-50.61	-121.25	196.37	-144.95	83.42
Free Cash Flow	38.26	150.66	126.97	69.65	102.88	90.25
Free Cash Flow Growth	-56.81%	18.66%	82.30%	-32.30%	13.98%	-46.32%
Free Cash Flow Margin	6.23%	20.91%	18.80%	6.14%	11.69%	18.41%
Free Cash Flow Per Share	0.12	0.47	0.40	0.22	0.33	0.34
Cash Income Tax Paid	9.73	14.61	20.17	17.89	32.63	19.74
Levered Free Cash Flow	653.91	61.45	54.82	-22.01	73	102.43
Unlevered Free Cash Flow	653.96	61.77	55.22	-21.86	73	102.43
Change in Working Capital	30.45	30.45	37.01	14.68	-114.93	-16.88

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