SHA:603199 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	212.83	186.01	174.66	-13.7	60.52
Depreciation & Amortization	87.16	81.02	75.35	72.73	70.76
Other Amortization	1.99	1.51	1.35	2.01	2.9
Loss (Gain) From Sale of Assets	-0.24	-	-	-	-
Asset Writedown & Restructuring Costs	0.49	0.13	1.63	10.43	0.41
Loss (Gain) From Sale of Investments	-10.33	-11.97	-11.66	-7.44	-9.33
Provision & Write-off of Bad Debts	-0.07	-0.09	0.13	0.01	-0.04
Other Operating Activities	-0.54	-0.72	-1.32	-0.99	-0.77
Change in Accounts Receivable	-1.14	2.77	-5.26	8.32	-1.48
Change in Inventory	1.01	0.7	-1.07	0.23	0.76
Change in Accounts Payable	23.99	5.97	87.98	-21.55	-1.96
Change in Other Net Operating Assets	-0.26	-1.95	-	-	-
Operating Cash Flow	312.37	262.37	320.03	48.75	120.13
Operating Cash Flow Growth	19.06%	-18.02%	556.47%	-59.42%	27.26%
Capital Expenditures	-212.22	-135.08	-185.99	-136.26	-47.83
Sale of Property, Plant & Equipment	0.57	0.08	0.23	0.1	0.06
Cash Acquisitions	-	-	-	-	-101.03
Investment in Securities	-10	-20	-50	120	-60
Other Investing Activities	6.26	13.41	2.54	11.29	13.3
Investing Cash Flow	-215.38	-141.59	-233.22	-4.87	-195.5
Long-Term Debt Repaid	-0.73	-0.77	-0.23	-0.23	-0.23
Net Debt Issued (Repaid)	-0.73	-0.77	-0.23	-0.23	-0.23
Common Dividends Paid	-75.26	-87.44	-	-18.82	-16.6
Financing Cash Flow	-76	-88.21	-0.23	-19.05	-16.83
Net Cash Flow	21	32.57	86.58	24.83	-92.21
Free Cash Flow	100.16	127.29	134.04	-87.51	72.3
Free Cash Flow Growth	-21.31%	-5.04%	-	-	38.12%
Free Cash Flow Margin	11.40%	16.65%	18.52%	-26.36%	16.98%
Free Cash Flow Per Share	0.90	1.15	1.21	-0.77	0.66
Cash Income Tax Paid	125.87	119.88	27.66	27.62	43.57
Levered Free Cash Flow	-161.54	27.32	196.27	-34.43	64.84
Unlevered Free Cash Flow	-161.13	27.71	196.37	-34.32	64.94
Change in Working Capital	21.09	6.47	79.9	-14.31	-4.33

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