SHA:603183 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	40.44	60.29	112.12	103.23	138.83	127.28
Depreciation & Amortization	48.18	48.18	45.85	42.95	36.95	25.78
Other Amortization	4.77	4.77	4.67	3.3	2.14	0.88
Loss (Gain) From Sale of Assets	0.1	0.1	0.42	0.08	0.3	0.1
Asset Writedown & Restructuring Costs	1.92	1.92	-	1.54	-	4.82
Loss (Gain) From Sale of Investments	-0.02	-0.02	0.25	0.29	-1.83	-2.01
Provision & Write-off of Bad Debts	35.53	35.53	27.33	31.42	17.35	11
Other Operating Activities	21.54	15.37	15.51	14.16	15.07	5.34
Change in Accounts Receivable	-78.11	-78.11	429.87	-49.71	-114.95	-79.53
Change in Inventory	9.5	9.5	1.61	1.57	7.67	-5.88
Change in Accounts Payable	25.15	25.15	-545.38	-17.56	33.26	64.16
Change in Other Net Operating Assets	-0.65	-0.65	-7.21	1.05	7.95	4.18
Operating Cash Flow	93.24	106.92	75.73	114.24	137.28	150.56
Operating Cash Flow Growth	-3.92%	41.19%	-33.71%	-16.78%	-8.82%	115.84%
Capital Expenditures	-148.83	-153.61	-36.59	-106.66	-109.93	-109.9
Sale of Property, Plant & Equipment	0.09	0.07	0.03	0.05	0.08	0.07
Cash Acquisitions	-8.96	-32.19	-1.53	-3.49	-14.69	-79.03
Divestitures	-	4.27	-	-	-	-
Investment in Securities	-4.64	-	5.24	-7.79	53.94	-5.2
Other Investing Activities	0.27	-2.12	-5.33	-1.31	-2.41	7.59
Investing Cash Flow	-162.07	-183.58	-38.18	-119.22	-73.01	-186.46
Short-Term Debt Issued	-	144	-	50	60	130
Total Debt Issued	324	144	-	50	60	130
Short-Term Debt Repaid	-	-20	-	-50	-60	-130
Long-Term Debt Repaid	-	-7.57	-9.45	-	-	-
Total Debt Repaid	-219.57	-27.57	-9.45	-50	-60	-130
Net Debt Issued (Repaid)	104.43	116.43	-9.45	-	-	-
Issuance of Common Stock	5.11	5.11	4.17	0.01	-	189.15
Repurchase of Common Stock	-12.5	-12.5	-	-	-1.08	-
Common Dividends Paid	-15	-23.42	-23.42	-32.84	-26.49	-25.8
Other Financing Activities	1.11	-19.22	-13.04	-2.96	-0.86	-8.27
Financing Cash Flow	83.14	66.4	-41.74	-35.79	-28.43	155.08
Net Cash Flow	14.31	-10.25	-4.19	-40.77	35.83	119.18
Free Cash Flow	-55.59	-46.69	39.14	7.58	27.34	40.66
Free Cash Flow Growth	-	-	416.51%	-72.29%	-32.76%	-
Free Cash Flow Margin	-6.63%	-5.14%	4.39%	0.94%	3.03%	5.17%
Free Cash Flow Per Share	-0.11	-0.09	0.08	0.01	0.06	0.09
Cash Income Tax Paid	73.87	81.3	89.5	64.85	70.1	58.55
Levered Free Cash Flow	2.33	-105.43	25.98	61.78	-12.93	-61.85
Unlevered Free Cash Flow	4.34	-104.41	26.47	61.82	-12.89	-60.95
Change in Working Capital	-59.21	-59.21	-130.42	-82.73	-71.53	-22.63

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