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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	85.69	82.58	114.36	123.44	301.72	319.44
Depreciation & Amortization	44.78	44.78	47.95	47.01	38.11	24.83
Other Amortization	-	-	0.21	-	-	-
Loss (Gain) From Sale of Assets	-4.84	-4.84	-0.04	0.07	0.13	-0.97
Asset Writedown & Restructuring Costs	-4.08	-4.08	-	-	-	-0
Loss (Gain) From Sale of Investments	-10.29	-10.29	-26.04	-37.89	-37.95	-41.94
Provision & Write-off of Bad Debts	-	-	1.93	-0.23	-2.38	3.95
Other Operating Activities	17.87	-1.24	-0.07	8.27	-14.32	0.09
Change in Accounts Receivable	1.01	1.01	0.55	58.8	18.13	-188.88
Change in Inventory	18.54	18.54	21.45	10.07	2.28	-97.58
Change in Accounts Payable	-78.31	-78.31	12.95	-27.44	-3.65	171.57
Change in Other Net Operating Assets	-0.83	-0.83	-2.4	3.23	-	-
Operating Cash Flow	69.4	47.18	168.74	177.68	299.99	190.47
Operating Cash Flow Growth	-45.54%	-72.04%	-5.03%	-40.77%	57.50%	24.02%
Capital Expenditures	-30.82	-30.42	-18.09	-50.71	-230.34	-87.59
Sale of Property, Plant & Equipment	83.34	83.34	0.06	0.23	0.32	-
Investment in Securities	-8.15	-130.94	-156.69	-55.22	184.2	-199
Other Investing Activities	32.62	35.07	35.52	38.66	40.68	41.61
Investing Cash Flow	77	-42.95	-139.19	-67.04	-5.14	-244.98
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	-	-	-36.54	-13.3	-	-
Net Debt Issued (Repaid)	-	-	-0.01	-13.3	13.3	-
Common Dividends Paid	-173.68	-173.68	-95.26	-225.73	-155.78	-85.56
Other Financing Activities	-	-	-	-	30	-
Financing Cash Flow	-173.68	-173.68	-95.27	-239.03	-112.48	-85.56
Foreign Exchange Rate Adjustments	4.73	7.24	15.11	7.14	14	-4.88
Net Cash Flow	-22.55	-162.21	-50.61	-121.25	196.37	-144.95
Free Cash Flow	38.58	16.76	150.66	126.97	69.65	102.88
Free Cash Flow Growth	-65.82%	-88.88%	18.66%	82.30%	-32.30%	13.98%
Free Cash Flow Margin	6.19%	2.83%	20.91%	18.80%	6.14%	11.69%
Free Cash Flow Per Share	0.13	0.05	0.47	0.40	0.22	0.33
Cash Income Tax Paid	10.92	16.94	14.61	20.17	17.89	32.63
Levered Free Cash Flow	-14.54	-187	61.45	54.82	-22.01	73
Unlevered Free Cash Flow	-14.54	-187	61.77	55.22	-21.86	73
Change in Working Capital	-59.73	-59.73	30.45	37.01	14.68	-114.93

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