SHA:603199 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	213.72	212.83	186.01	174.66	-13.7	60.52
Depreciation & Amortization	87.16	87.16	81.02	75.35	72.73	70.76
Other Amortization	1.99	1.99	1.51	1.35	2.01	2.9
Loss (Gain) From Sale of Assets	-0.24	-0.24	-	-	-	-
Asset Writedown & Restructuring Costs	0.49	0.49	0.13	1.63	10.43	0.41
Loss (Gain) From Sale of Investments	-10.33	-10.33	-11.97	-11.66	-7.44	-9.33
Provision & Write-off of Bad Debts	-0.07	-0.07	-0.09	0.13	0.01	-0.04
Other Operating Activities	27.81	-0.54	-0.72	-1.32	-0.99	-0.77
Change in Accounts Receivable	-1.14	-1.14	2.77	-5.26	8.32	-1.48
Change in Inventory	1.01	1.01	0.7	-1.07	0.23	0.76
Change in Accounts Payable	23.99	23.99	5.97	87.98	-21.55	-1.96
Change in Other Net Operating Assets	-0.26	-0.26	-1.95	-	-	-
Operating Cash Flow	341.63	312.37	262.37	320.03	48.75	120.13
Operating Cash Flow Growth	11.54%	19.06%	-18.02%	556.47%	-59.42%	27.26%
Capital Expenditures	-188.41	-212.22	-135.08	-185.99	-136.26	-47.83
Sale of Property, Plant & Equipment	0.57	0.57	0.08	0.23	0.1	0.06
Cash Acquisitions	-	-	-	-	-	-101.03
Investment in Securities	-100	-10	-20	-50	120	-60
Other Investing Activities	10.52	6.26	13.41	2.54	11.29	13.3
Investing Cash Flow	-277.32	-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	-0.73	-0.77	-0.23	-0.23	-0.23
Common Dividends Paid	-75.26	-75.26	-87.44	-	-18.82	-16.6
Other Financing Activities	-0.14	-	-	-	-	-
Financing Cash Flow	-76.13	-76	-88.21	-0.23	-19.05	-16.83
Net Cash Flow	-11.83	21	32.57	86.58	24.83	-92.21
Free Cash Flow	153.22	100.16	127.29	134.04	-87.51	72.3
Free Cash Flow Growth	-9.67%	-21.31%	-5.04%	-	-	38.12%
Free Cash Flow Margin	17.43%	11.40%	16.65%	18.52%	-26.36%	16.98%
Free Cash Flow Per Share	1.38	0.90	1.15	1.21	-0.77	0.66
Cash Income Tax Paid	112.41	125.87	119.88	27.66	27.62	43.57
Levered Free Cash Flow	72.4	-161.54	27.32	196.27	-34.43	64.84
Unlevered Free Cash Flow	72.82	-161.13	27.71	196.37	-34.32	64.94
Change in Working Capital	21.09	21.09	6.47	79.9	-14.31	-4.33

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