SHA:603186 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	278.98	-97.43	-120.52	36.08	238.22
Depreciation & Amortization	191.41	183.45	165.73	111.76	80.66
Other Amortization	4.42	12.82	6.18	5.08	5
Loss (Gain) From Sale of Assets	-133.65	-0.07	0.54	-0.01	0
Asset Writedown & Restructuring Costs	16.21	35.65	4.58	0.05	0.17
Loss (Gain) From Sale of Investments	0.08	4.59	7.99	6.72	-6
Provision & Write-off of Bad Debts	-	10.78	7.63	4.57	-33.29
Other Operating Activities	68.22	130.43	80.53	64.05	52.83
Change in Accounts Receivable	-409.54	-313.24	45.97	135.34	-1,049
Change in Inventory	-62.2	-27.64	-17.98	-43.1	-130.43
Change in Accounts Payable	387.04	240.03	101.96	100.81	1,111
Change in Other Net Operating Assets	-7.56	-	-	-	-
Operating Cash Flow	354.05	168.88	243.9	387.81	275.49
Operating Cash Flow Growth	109.65%	-30.76%	-37.11%	40.77%	66.86%
Capital Expenditures	-203.28	-247.58	-396.28	-554.58	-1,128
Sale of Property, Plant & Equipment	208.17	0.3	0.72	0.14	0.35
Investment in Securities	-0.98	-4.9	-20.5	-	-409.91
Other Investing Activities	-1	-1.86	4.4	-9.71	606.78
Investing Cash Flow	2.9	-254.03	-411.65	-564.14	-931.22
Short-Term Debt Issued	-	-	-	-	45
Long-Term Debt Issued	1,352	1,296	1,362	1,825	1,518
Total Debt Issued	1,352	1,296	1,362	1,825	1,563
Long-Term Debt Repaid	-1,714	-1,202	-1,168	-1,379	-846.83
Net Debt Issued (Repaid)	-361.56	93.54	194.1	445.63	715.75
Repurchase of Common Stock	-	-	-	-0.24	-0.42
Common Dividends Paid	-45.14	-57.42	-66.11	-132.3	-85.64
Other Financing Activities	-5.37	-7.86	-7.14	-5.5	31.54
Financing Cash Flow	-412.06	28.26	120.85	307.59	661.22
Foreign Exchange Rate Adjustments	1.57	5.83	2.91	3.64	-2.12
Net Cash Flow	-53.53	-51.06	-44	134.89	3.38
Free Cash Flow	150.77	-78.7	-152.38	-166.77	-852.95
Free Cash Flow Margin	3.45%	-2.04%	-4.53%	-5.08%	-23.56%
Free Cash Flow Per Share	1.03	-0.56	-1.07	-1.16	-6.01
Cash Income Tax Paid	66.47	-5.38	-36.9	-140.27	-7.94
Levered Free Cash Flow	93.7	-120.54	-267.12	-352.34	-927.36
Unlevered Free Cash Flow	93.7	-70.91	-226.18	-319.48	-894.08
Change in Working Capital	-71.61	-111.34	91.24	159.52	-62.09

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