SHA:603196 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	17.99	-158.62	17.08	16.57	81.23
Depreciation & Amortization	45.59	53.86	54.38	60.02	49.86
Other Amortization	14.5	12.51	12.43	11.32	8.02
Loss (Gain) From Sale of Assets	-1.42	-0.51	-1.19	-0.06	-0.13
Asset Writedown & Restructuring Costs	59.37	131.27	0.44	0	0.05
Loss (Gain) From Sale of Investments	-37.64	-0.24	-2.01	-4.23	-4.86
Provision & Write-off of Bad Debts	0.42	0.44	2.18	-0.21	-0.97
Other Operating Activities	8.55	3.49	64.34	39.36	20.87
Change in Accounts Receivable	-19.99	26.88	-46.65	3.08	-4.43
Change in Inventory	35.88	-44.91	32.67	-151.65	-59.2
Change in Accounts Payable	25.94	63.46	12.25	28.08	0.3
Change in Other Net Operating Assets	-	0.59	0.85	2.89	2.55
Operating Cash Flow	160.57	98.74	140.18	-6.21	98.37
Operating Cash Flow Growth	62.62%	-29.56%	-	-	22.41%
Capital Expenditures	-18.97	-21.81	-38.8	-20.91	-47.37
Sale of Property, Plant & Equipment	0.01	0.17	1.45	0.15	0.16
Cash Acquisitions	-	-	-	-	-0.21
Divestitures	138.28	-	-	-	-
Investment in Securities	-136.89	39.93	-8.69	14.89	42.94
Other Investing Activities	371.93	-	-	-0.26	3.79
Investing Cash Flow	354.36	18.3	-46.03	-6.12	-0.69
Short-Term Debt Issued	-	-	60	170	90
Long-Term Debt Issued	204	145	-	-	-
Total Debt Issued	204	145	60	170	90
Short-Term Debt Repaid	-	-	-149.4	-110	-30
Long-Term Debt Repaid	-270.72	-200.59	-36.46	-33.56	-28.29
Total Debt Repaid	-270.72	-200.59	-185.86	-143.56	-58.29
Net Debt Issued (Repaid)	-66.72	-55.59	-125.86	26.44	31.71
Issuance of Common Stock	-	1.3	-	-	12.48
Repurchase of Common Stock	-	-0.05	-3.48	-1.01	-30.58
Common Dividends Paid	-3.38	-9.08	-20.93	-82.46	-29.92
Financing Cash Flow	-70.1	-63.42	-150.27	-57.04	-16.31
Foreign Exchange Rate Adjustments	-0.26	0.19	0.11	0.67	-0.21
Net Cash Flow	444.58	53.8	-56.01	-68.7	81.16
Free Cash Flow	141.6	76.93	101.38	-27.12	51
Free Cash Flow Growth	84.06%	-24.12%	-	-	-
Free Cash Flow Margin	17.36%	8.88%	9.87%	-2.85%	4.98%
Free Cash Flow Per Share	0.60	0.33	0.42	-0.11	0.22
Cash Income Tax Paid	60.71	57.98	70.47	66.78	94.66
Levered Free Cash Flow	-49.7	23.99	56.6	-35.31	-5.61
Unlevered Free Cash Flow	-45.77	28.21	60.29	-31.29	-3.25
Change in Working Capital	53.23	56.54	-7.46	-128.99	-55.72

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